Audit research essay
Budget: $30 – $250 AUD
Need help with auditing research for specific company - Iluka Resources
This is the essay question:
On 22nd July 2022 ILU shareholders voted to demerge their rutile mining operations in Sierra Leone into a separate company, Sierra Rutile Holdings Ltd. How will this transaction impact your audit plan for ILU?
You will need to focus on 2 parts:
Part 1: Additional risks that will arise because of the divestment of Sierra Rutile Ltd:
Part 2: How the auditor will change the audit plan to deal with these risks:
Criteria:
A thorough understanding of all aspects of the
demerger is shown. Three specific and unique
business risk implications of the demerger are clearly
stated. The auditor’s responses to these risks are
specific, practical, and directly related to the risk.
This is the essay question:
On 22nd July 2022 ILU shareholders voted to demerge their rutile mining operations in Sierra Leone into a separate company, Sierra Rutile Holdings Ltd. How will this transaction impact your audit plan for ILU?
You will need to focus on 2 parts:
Part 1: Additional risks that will arise because of the divestment of Sierra Rutile Ltd:
Part 2: How the auditor will change the audit plan to deal with these risks:
Criteria:
A thorough understanding of all aspects of the
demerger is shown. Three specific and unique
business risk implications of the demerger are clearly
stated. The auditor’s responses to these risks are
specific, practical, and directly related to the risk.