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Review the Financial Year 2020 audited annual reports for the following organizations Aristocrat Leisure Ltd Blackmores Ltd Answer following questions Question 1 - Identify at

Review the Financial Year 2020 audited annual reports for the following organizations

  • Aristocrat Leisure Ltd
  • Blackmores Ltd

Answer following questions

Question 1 - Identify at least three inherent risks that you would have to consider for each company in the audit planning phase and justify your answer. Cite the relevant ASAs/ISAs to support your answer.

Question 2 - Which audit procedures and/or tasks would you have planned to carry out in response to the inherent risks identified above? Cite the relevant ASAs/ISAs to support your answer.

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