Your group has been appointed as the new auditors for the 2021 audit of Wesfarmers...
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Accounting
Your group has been appointed as the new auditors for the 2021 audit of Wesfarmers Ltd Company . As part of planning the 2021 audit, your group is required to prepare a planning report that will be viewed by the Lead Engagement Partner on the audit. Your report may utilise various resources including the companys 2019 or 2020 Annual Report, corporate website, media releases or coverage. All sources should be appropriately referenced where used
In accordance with the requirements in ASA 701 - Communicating key audit matters in the independent auditors report, identify two additional key audit matters not already disclosed in latest(Wesfarmers Ltd Company Auditors Report(available online), that could also be included in the Auditors Report. For each key audit matter identified, prepare the relevant key audit matters section wording for inclusion in your audit report. Specific substantive audit procedures that need to be performed should be included in your key audit matters section.
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