Weekly Questions

You are planning the audit of Fish 4 U Pty Ltd, large South Australian aquaculture firm. This is the first year that your firm has audited this company and you are undertaking some research in order to understand the entity and its environment. Access* the IBISWorld Industry Report A0200 which is titled, "Aquaculture in Australia" and address the following: 1) What is the size (by revenue) of the industry? 2) What is the expected growth in this industry over the next 5 years? 3) Which Product and Service is the largest segment of the market, and what is its share of the total? 4) State the key external drivers of this industry? 5) Open the tab labelled " Operating Conditions" and answer the following questions: a. What is the level of capital intensity? b. What is the level of technological change? c. What is the level of revenue volatility? d. What is the level of regulation? *To access this report, (1) Go to the University of Adelaide Library Catalogue and type in "IBIS World Industry Research Reports". (2) Select IBIS WORLD. Industry Research reports (3) Select "IBIS WORLD" (4) At the top of the screen there are three tabs. Click on the tab titled "Industry Market Research" From the drop down menus select Australia Industry Reports (ANZIC)" (5) The screen provides access to industry reports. The top left grouping of reports is titled, "Agriculture, Forestry and Fishing". Scroll down the menu till you come to a report titled, "A0200-Aquaculture". Select this report. Use the tabs on the left of the screen titled, "About this industry", "Industry at a glance", "Industry performance", Industry outlook", "Products and markets", "Competitive landscape", "Major companies", "Operating conditions", "Key statistics", to retrieve information