You are required to obtain a copy of a financial report for STRATEGIC ENERGY RESOURCES LIMITED for the year ended 30 June 2019. The best way to locate their financial report is to go to their website and download a copy. This will normally be found under "Investor Information", "Shareholder Information" or similar tabs on a company's website.

REQUIRED

1)Identify and explain three key or significant audit matters that were raised in the audit report that may lead to the risk of material misstatement in the financial report .

(For every Key audit matter identified, discuss how the auditors responded to each matter raised. You are to discuss your own point of view about each of the key audit or significant matters, how they are important and their impact on the financial reports if not corrected. )