Audit on BHP Billiton Ltd

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INTRODUCTION

Audit refers to the process of analysing annual reports, accounts, vouchers of a business enterprise to analyse that the financial and non financial statements shows the actual position of the company or not. The auditor is liable to check the annual reports physically and give his opinion on those reports. The main reason behind audit is to ensure that the transactions recorded in financial statements are fair or not, and is there any misrepresentation in the reports. Auditor is the person who is appointed by the executives of an organisation and responsible to analyse annual reports of a company and than prepare a report which is based on his opinion. The company chosen for this report is BHP Billiton Ltd, which is a metals and mining company.
This project report is based on auditor's independence declaration and his report, non audit services performed by the auditor, auditor's remuneration, audit committee and its roles function and composition, independent auditor's report to the shareholders and key audit matters associated and noted in audit procedure.

Overview of the company

BHP Billiton Ltd is a global resources company, which is a producer of different commodities like iron ore, uranium, copper, metallurgical coal etc. It has four segments that are copper, coal, petroleum and iron ore. These segments are occupied by different production such as coal involves mining of metallurgical coal and thermal energy, copper segment is engaged with excavation of silver, lead, zinc, gold, copper uranium etc., the petroleum segment is concerned with development, exploration of oil and gas. The product distribution of the company is managed through global logistic chain of the organisation. The products are sold by the organisation through supply agreements with its clients. It has three outlets, Minerals Australia, Minerals America and Petroleum and Marketing.

https://evermotion.org/vbulletin/member.php?956450
https://www.bollyshake.com/forum/essay-writing-service-online#/comment-164
http://www.icoph.org/connections/user_profile/0030H00005HP2xfQAD/Lexi-Edwa.html
https://hascofinancial.vpweb.co.uk/blog/2016/03/22/Make-you-Client-Feel-Special.aspx
https://cmconnect.cmcc.edu/ICS/Academics/MCO/MCO__110/1617_FA-MCO__110-51___N/Coursework.jnz?portlet=Coursework&screen=StudentAssignmentFacultyView&screenType=change&id=3f177ee7-2d64-4e76-ba04-b96669f29481&s=70c36a2c-433e-4eee-a1ab-4f7018930447
http://www.luisbg.blogalia.com/historias/76017#1029735
http://gforge.wits.ac.za/gf/project/vre/forum/?_forum_action=ForumMessageBrowse&thread_id=99&action=ForumBrowse&forum_id=50&forum_thread_style=flat&forum_change_view=Change+view

Auditor's independence declaration


Auditor's independence: It refers to the independence of internal as well as external auditors from the parties who may have financial involvement in the business which is going to to be audited by the auditor. It requires honesty and a neutral formulation to the audit procedure.

References


https://bm.cari.com.my/home.php?mod=space&uid=2410203&do=blog&quickforward=1&id=86621
https://lexi-edwards.site123.me/my-blog/learn-to-avoid-the-risks-associated-with-online-homework
http://lexiedwards.mystrikingly.com/blog/how-to-learn-style-traits-with-leadership-assignment
https://www.thenewsfunnel.com/5-smart-ways-spot-authentic-online-homework-service
http://lexiedwards.site.pro/A-Z-Guide-to-Do-Harvard-Referencing-for-the-assignment/
https://app.box.com/notes/562530065656?s=jzkoqufmigglla293x6osfpefzcq3ke0

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