Coursework- Business Risk and Audit Risk Analysis for the company – Far Eastern Group Limited | Financial Year Annual Report 2018, Singapore

COURSEWORK QUESTION

You are to perform a Business Risk and Audit Risk Analysis for the company – Far Eastern Group Limited for the 2018 financial year annual report

As part of the analysis, must consider the following questions:

1. Please summarize and analyze the LIQUIDITY RISK (calculate the working capital or current ratio) of the company – Far Eastern Group Limited
2. How do the LIQUIDITYRISKS translate to audit risk for an auditor? It is required to describe the effect of these factors on your assessment of audit risk.
3. What procedures an auditor will consider in order to reduce his overall risks caused by the LIQUIDITY RISKS.

Annual reports for Far Eastern Group Limited as below;

http://fareastgroup.listedcompany.com/ar.html