Question 1 As a part of credit analysis, you want to evaluate the financial statement of AusGroup Limited and Woolworth Limited for the year 2018. Before starting financial statement analysis, you need to go through the audit report of the companies. Based on your own reading and analysis of audit opinion, is it worthwhile to evaluate financial statements of the above companies? Justify your opinion. [2+2 = 4 marks] [Check Blackboard assessment folder for a copy of the annual reports].

AusGroup Limited

https://learn-ap-southeast-2-prod-fleet01-xythos.s3-ap-southeast-2.amazonaws.com/5dc3e34515a0e/9040002?response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27AusGroupAnnualReport2018_SinglePg-Back-end.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20200430T075708Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21599&X-Amz-Credential=AKIAIW5OVFIUOTV36DNA%2F20200430%2Fap-southeast-2%2Fs3%2Faws4_request&X-Amz-Signature=3162b38d304a4988d26154eb68c5214c3bc69ab0544bf46c230127e0a98bfb10

Woolworth Limited

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