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

Discuss ethical and legal responiblities/liabilities of the auditors in case they would have given an inappropriate audit opinion. Discuss safeguards available to the auditors. (12 Marks