AUDITING ASSIGNMENT -
This assignment is based on Retail Food Group {ASS Code: RFG). Students are required to examine annual reports of Retail Food Group {AS1 Code: RFG) for 2016 and 2017, and answer the following questions:
a. Critically evaluate the audit reports for 2016 and 2017 by identifying the type of report issued by the auditor, and discussing the appropriateness of the audit report issued.
b. Provide an assessment of the internal control environment of RFG, and suggest ways to overcome the identified internal control weakness.
c. Assess business risks associated with RFG from the point of view of auditors.
d. Evaluate RFG's operations from an ethical perspective by identifying deficiencies in their practice and how they can be best addressed. Also discuss why ethical issues should interest auditors and what actions can auditors take under the current regulations.
Your report should consist of the following sections:
- Assignment cover sheet (with full name, student ID, signature, and the part each student completed)
- Introduction
- Table of contents
- Body (answers to questions)
- Conclusion(s)
- References