You are required to carry out a risk assessment of Myer Limited, a company listed on Australian Stock Exchange, and prepare a plan for audit of this financial report audit engagement for the year ending 30 June 2020. You have worked as the manager of this engagement for the past five years. You are now asked to present written response on three key segments of the audit plan primarily based on the audited financial reports of the company for the year ending 30 June 2019 and for the 6 months ended 31 December 2019 and other publicly available information on: -

Question 1:

1) Give analytical review of company's performance and financial position; (500 word)