For the purposes of this assignment, you are to imagine that you work as Audit Manager for a company called Amazing Accountants. Your new audit client is a listed company in Australian or Singapore Stock Exchange (your choice). The client has asked you to perform their financial report audit for the financial year ended 31 December 2020.
Part 2 Question
Review the last audited financial statements, identify and justify FIVE (5) inherent risks and your response to those inherent risks during your audit?