Auditor’s responsibilities and declaration Using the company that you selected in question 5.38,…
Auditor’s responsibilities and declaration Using the company that you selected in question 5.38, read the independent auditor’s report. Given the estimations and assumptions involved in preparing financial statements, discuss what the auditor’s report is stating about the ‘accuracy’ of the financial statements. Question 5.38 Analysing a balance sheet Select an Australian Securities Exchange (ASX) listed company and visit its website to access the latest annual report. From the company’s balance sheet identify: a. The company’s total assets b. The percentage of total assets that are: i. current assets ii. non-current assets c. The company’s total liabilities d. The percentage of total liabilities that are: i. current liabilities ii. non-current liabilities. e. Report on the company’s liquidity by comparing the current assets and current liabilities amounts. f. Report on the company’s financing of its assets by comparing the total liabilities to total equity. May 23 2022 05:59 PM
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