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Review the Financial Year 2019 audited annual reports including financial statements presented to the shareholders for the following organisations: Ramsay Health Care Ltd Telstra Ltd

Review the Financial Year 2019 audited annual reports including financial statements presented to the shareholders for the following organisations: Ramsay Health Care Ltd Telstra Ltd Assume that your audit team is responsible for planning the audits for both companies for the most recent financial year. Discuss your strategies addressing each of the tasks below: - Carry out an analytical review on the financial statements of these companies in the planning phase and identify areas of concern (high risk, problem areas) or comfort. Identify at least three areas for each company and justify your answer. (16 Marks) - Which audit procedures and/or tasks would you have planned to carry out in response to the high risks or problem areas identified above? Alternatively, in relation to which area would you have minimised your evidence gathering procedure?

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