Recent Question/Assignment
Trimester 3, 2017
Auditing, Assurance & Services ACC707 Individual Assignment
Research Question
Auditor’s Report
The new auditing standard ASA701 Communicating Key Audit Matters in the Independent Auditor’s Report is developed in the wake of the global financial crisis. This development is in response to calls from shareholders to know more about the companies they invest in. Further, investors have also requested earlier warnings of potential issues that may exist with respect to an entity’s ability to continue as a Going Concern which resulted in the revision of ASA 570 (ISA 570) Going Concern.
Students are required to select an Australian ASC Top 100 listed corporation (you are not allowed to select any company whose auditor has early adoption of ASA 701 and has communicated KAM (Key Audit Matters) in the auditor’s report) and assessed “areas of higher assessed risk of material misstatement, or significant risks identified in accordance with ASA 315”, “significant auditor judgements relating to areas in the financial report that involved significant management judgement” as well as “the effect on the audit of significant events or transactions that occurred during the period” (Para 9 ASA 701). The summary report should include data extracted from the General Purpose Financial Report relevant to the material analysed.
Required
Using reference materials available on the internet, research the topic and prepare a report, fully referenced and up to 2,500 words (assignment in excess of 2,500 words will be penalized). Minimum of 8 academic references is required.
Due Date: Week 10 – 5:00 pm Wednesday of Week 10
The report should include title page, executive summary, table of contents, appropriate headings and sub headings, recommendations, reference list (HarvardAnglia style), attachments if relevant, single spaced, font Times New Roman 12pt.
The marking guide will be as follows:
30% Analysis
30% Research – extent and application
30% Recommendations/conclusions
10% Presentation
Total mark will be scaled to a mark out of 30 subject marks.
Auditing, Assurance & Services ACC707 Individual Assignment
Research Question
Auditor’s Report
The new auditing standard ASA701 Communicating Key Audit Matters in the Independent Auditor’s Report is developed in the wake of the global financial crisis. This development is in response to calls from shareholders to know more about the companies they invest in. Further, investors have also requested earlier warnings of potential issues that may exist with respect to an entity’s ability to continue as a Going Concern which resulted in the revision of ASA 570 (ISA 570) Going Concern.
Students are required to select an Australian ASC Top 100 listed corporation (you are not allowed to select any company whose auditor has early adoption of ASA 701 and has communicated KAM (Key Audit Matters) in the auditor’s report) and assessed “areas of higher assessed risk of material misstatement, or significant risks identified in accordance with ASA 315”, “significant auditor judgements relating to areas in the financial report that involved significant management judgement” as well as “the effect on the audit of significant events or transactions that occurred during the period” (Para 9 ASA 701). The summary report should include data extracted from the General Purpose Financial Report relevant to the material analysed.
Required
Using reference materials available on the internet, research the topic and prepare a report, fully referenced and up to 2,500 words (assignment in excess of 2,500 words will be penalized). Minimum of 8 academic references is required.
Due Date: Week 10 – 5:00 pm Wednesday of Week 10
The report should include title page, executive summary, table of contents, appropriate headings and sub headings, recommendations, reference list (HarvardAnglia style), attachments if relevant, single spaced, font Times New Roman 12pt.
The marking guide will be as follows:
30% Analysis
30% Research – extent and application
30% Recommendations/conclusions
10% Presentation
Total mark will be scaled to a mark out of 30 subject marks.
Editable Microsoft Word Document
Word Count: 2822 words including Diagrams and References
Title: ASA701 Communicating Key Audit Matters in the Independent Auditor’s Report
Buy Now at $19.99 USD
This above price is for already used answers. Please do not submit them directly as it may lead to plagiarism. Once paid, the deal will be non-refundable and there is no after-sale support for the quality or modification of the contents. Either use them for learning purpose or re-write them in your own language. If you are looking for new unused assignment, please use live chat to discuss and get best possible quote.
Looking for answers ?
Recent Questions
Module code: BMA4005-20Module title: Professional PracticeAssignment: A1. Digital PosterWord count: 500Contribution to module mark: 40% of overall gradeAssessment type: IndividualWeight 40%Submission deadline:...Assessment Criteria for Written Report (20%)• Submission of a minimum 1500 to maximum 1800-words written report due from week 9. You will submit your written report one week after you have undertaken the...Assessment 2: (20%) Case Study Presentation Due Date weeks 10This assessment builds on your theoretical knowledge and tests your ability to apply this knowledge to practice.you are required to formulate...Assessment 2Assessment 2Report: 30%Word count: 1400 – 1600 wordsDue date: Sunday of Week 8DescriptionYou are playing the role of a community service worker supporting a young adult son who is 18 years...1500-1800 wordsInstructions From TutorPlease download the eTask3 spreadsheet from Canvas and save the eTask spread as an Excel file. The main content of the force method is taught in Lectures 6,7&8.eTask3.1 is a...ASSIGNMENT INSTRUCTIONSAssessment Practical assessmentAssessment code: 011Academic Year: 2023/2024Trimester: 2Module Title: Critical Perspectives on Cross-Border BusinessModule Code: MOD009194Level: 6Module...Show All Questions