Referencing Styles : Harvard Your report must address the following issues: 1. You need to provide a detailed background description about Bellamy’s Australia. This must include the information about its business operations, nature of revenue streams, product and services, market and competition, and regulatory environment. For the regulatory environment, you must be specific as to the regulations that affect the operation of Bellamy’s Australia. The information presented must be based on your indepth understanding of company’s operation. Students who simply provide a summary of information from the annual report will not receive good marks. [4 marks] 2. One of the commonly used approach to assist auditor in obtaining information about the risks arising due to the nature of the entity’s and its environment is the PEST analysis. It is a strategic analysis that divides the client’s business environment into the following four domains of influence: Political (P) Economic (E) Social (S) Technological (T) You need to prepare a PEST analysis detailing the factors that may have a material impact on the business of Bellamy’s Australia. Two factors are expected for each of the four domains. You need to clearly explain how each of the factors could influence the client. [4 marks] 3. List and explain five key audit risks which would impact on the audit of Bellamy’s Australia. For each of the key audit risks identified, identify the account and explain the main assertion at risk. The risks must be specific and relevant to the context of the audit of Bellamy’s Australia. Each of the risks needs to be clearly elaborated. [5 marks] 4. Apart from the general formatting requirement described below, your report should be presented professionally in a format as if it were to be presented to an audit committee meeting. When appropriate, the use of tables, graphs and charts is highly encouraged. However, the assignment must be largely based on the text in paragraphs. Students need to demonstrate appropriate and accurate use of the Harvard style for references and citations. [2 marks] 3 General formatting requirement for the assignment is as follows: ƒ Maximum 2500 words (font size 12, 1 ½ line spacing, Times New Roman). The 2500 words include the body of the assignment and footnotes. It excludes cover sheet, title page, executive summary (optional), appendices and list of references. Students should not use appendices to circumvent the restrictions on the length of the assignment. ƒ TSBE Assignment cover sheet must be submitted as a separate document. ƒ In addition to the cover sheet, each assignment must have a title page. The title page should clearly indiacte your name(s), your student ID and your workshop group. This title page must be attached to your assignment. ƒ Late submission will be penalised. Refer to the unit outline for more details. ƒ Plagiarism will not be tolerated. Refer to the unit outline for more details