Assessing Audit Risks in International Airlines Group

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This report examines IAG's structure, industry performance, and audit risk, highlighting the complexities of ownership and group audits. It discusses the reporting framework, focusing on IFRS risks related to leases and revenue, while evaluating estimates for key financial areas. The overall assessment links regulatory challenges to audit priorities, emphasising the importance of revenue, aircraft, and taxation. Ultimately, it concludes that IAG maintains an elevated yet financially resilient...