Required

1.Identify and explain the business risk and the principal audit risks , the auditors had to consider while performing the audit of Air Mauritius.

2. The Independent Auditors Report to the members of A i r MA u r i t i u s contains a section on Auditors Responsibilities for the Audit of the Financial Statements. An Independent Auditors report is required to contain a clear expression of opinion on the financial statements taken as a whole. Explain the conclusions which the Independent Auditor must reach in order to form an opinion on the financial statements taken as a whole.