Task details: students are required to select one company from ASX 200. You need to download your chosen companys latest financial report. Your report must address the following:

1. Provide a brief summary about your chosen companys key operations
2. Identify at least TWO key audit matters (a useful starting point will be the auditors report)
3. Discuss how these audit matters relating to financial reporting issues that involve significant management judgement
4. Discuss how these audit matters affect the audit risk i..e, increase or decrease the audit risk and why. It will be useful if you relate your discussion to the audit risk model.
5. Discuss the potential responses to these audit matters. In this part you need to discuss how you, as an auditor, formulate your own audit strategy, i.e., control reliance or predominant substantive approach or a mix of both.