Case Scrutinize: Possibility Overview Overview Form: Written Case Prognosis Subject: Possibility Overview Firm: Outback Retail Ltd Overview Weight: 10 Marks Case Background Outback Retail Ltd is a mid-sized Australian retailer that specialise in outdoors tools. It operates 22 bodily stores at some level of WA, SA, and NT, and has no longer too lengthy ago expanded its e-commerce platform. The firm is audited by Western Auditors Pty Ltd for the year ending 30 June 2025. Write My Assignment Hire a Professional Essay & Assignment Author for ending your Tutorial Assessments Native Singapore Writers Personnel 100% Plagiarism-Free Essay Absolute most practical Pleasure Price Free Revision On-Time Offer Contemporary Traits: – A brand unique ERP contrivance was once implemented in February 2025, integrating stock, sales, and finance. – The firm launched a “Buy Now, Pay Later” (BNPL) plot in partnership with a fintech startup. – A cyberattack in April 2025 led to short-length of time data loss in stock records. – The CFO resigned in Might 2025 amid inner investigations into aggressive income recognition practices. – The board is brooding about an IPO in early 2026. Monetary Highlights: – Earnings elevated by 38% YoY, with 60% from online sales. – Stock turnover dropped from 4.2 to 2.9. – Putrid margin improved from forty eight% to 52%. – Alternate receivables elevated by 70%, with 25% late >90 days. – Necessary amplify in deferred income from BNPL transactions. Overview Questions College students need to retort the next questions. Responses ought to be analytical, no longer descriptive. Seek information from of 1: Audit Possibility Identification (4 marks) Name and present three determined audit dangers springing up from the case. Each possibility need to repeat to a a lot of area: – Monetary Reporting Possibility – Abilities/Operational Possibility – Governance/Strategic Possibility For each possibility: – Characterize the nature of the possibility and its relevance to the audit. – Name the monetary instruct assertions most affected. – Talk about how the possibility may well well per chance consequence in cloth misstatement. Seek information from of 2: Audit Plan Implications (3 marks) For each possibility acknowledged in Seek information from of 1: – Uncover how the possibility impacts your audit planning and procedures. – Talk about whether or no longer it will enhance inherent possibility, modify possibility, or detection possibility. – Counsel how audit sources or timing ought to be adjusted in response. Seek information from of three: Substantive Making an strive out Invent (3 designate) Invent one tailor-made substantive process for every possibility that abruptly addresses the linked assertion and audit just. Justify your selection. Submission Layout – Typed file (Discover) – Maximum 1,000 phrases – Referencing required (any sources extinct) Buy Personalized Answer of This Overview & Lift Your Grades Receive A Free Quote Marking Standards Standards Description Marks Possibility Identification Depth, relevance, and readability of prognosis 4 Audit Plan Impact Logical connection to audit planning and possibility response 3 Substantive Procedures Appropriateness and specificity 3 Total 10 Auditing Possibility Overview – Overview Rubric This rubric outlines the marking requirements for the auditing case survey overview price 10 marks. Standards 1: Possibility Identification (4 marks) – Demonstrates depth and relevance in figuring out three determined audit dangers. – Clearly explains the nature, significance, and affected assertions for every possibility. – Reveals belief of financial reporting, operational, and governance dangers. Standards 2: Audit Plan Impact (3 marks) – Explains how each possibility impacts audit planning and procedures. – Precisely identifies the salvage of possibility (inherent, modify, detection). – Offers logical adjustments to audit technique and handy resource allocation. Standards 3: Substantive Procedures (3 designate) – Recommends appropriate and tailor-made substantive procedures for every possibility. – Justifies the relevance of every process to the audit just. Total: 10 Marks Caught with a lot of homework assignments and feeling stressed out ? Take hang of skilled academic assistance & Receive 100% Plagiarism free papers Receive A Free Quote
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