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Audit Opinion


DETAILS OF ASSIGNMENT: Review the audited annual reports including financial statements presented to the shareholders in respect of the company noted below and answer the questions. Please note that if the web-link fails to open you may need to “right click” on it and use “open hyperlink” to access it. Qantas Ltd – 30 June 2015 https://www.qantas.com.au/infodetail/about/investors/2015AnnualReport.pdf Questions to be answered by the team or group: Assume that your audit team is responsible for planning the audits for Qantas Ltd for the year ended 30 June 2015. Discuss your strategies in relation to the questions noted below – 3. An Independent Auditor’s Report to the Members has been issued for the company: (A) Identify the type of audit opinion issued by the auditor, and justify your answer. (B) Do you agree with the type of opinion issued by the auditor? Why or why not? Please indicate an alternative audit opinion if you do not agree with the one issued. (C) Does the audit report conform to the different criteria according to the auditing standard? (D) Are there any other matters or events that have taken place after the issue of the audit report that strengthens or weakens the auditor’s opinion?