Purpose: The individual research project requires student’s assessment of real-life auditing issues through a case study that links auditing theory, auditing practice and auditing performance. This assessment relates to learning outcomes a, b and c.
Topic: Research Individual Assignment
Task details: 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 and compare two industries in the Australian ASX Top 100 listed corporation and assess the “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: Students must include at least twelve references including applicable academic journals, newspaper, professional accounting, auditing articles, auditing standard(s), Code of Ethics for Professional Accountants. The report should include title page, executive summary, table of contents, appropriate headings and sub headings, recommendations, reference list (Harvard- Anglia style), attachments if relevant, single spaced, font Times New Roman 12pt.
This Accounting & Finance Assignment has been solved by our Accounting & Finance experts at Online Assignment Bank. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.