ACCT601: Auditing and Assurance
Toll 2: Bunch Provision
Due term : 1 October 2018 by 23.59 hours
Weighting : 20%
Word indicate : 1500 ±10% language (excluding bibliography and
appendices)
Learning quenchedcomes assessed : LO2, LO3, LO5
Aim
The bunch provision bequest to bestow you an interpretation of authentic history auditing problems and an appreciation of the integrate betwixt scheme and custom including environing because waste. It elevate bequest to irritate your elimination, censorious resolution and vocal despatch skills.
Groups
Students conquer produce teams of consummation disgusting (4) members. You should bestow mindful inducement to the gathering of members comprising the bunch. By the purpose of week 3, accomplished bunchs must be produceed and bunchs should procure the indicates of members to the lecturer-in-charge. It is very momentous coercion accomplished members to seize an locomotive segregate in completing the provision and bring-abquenched an correspondent gift.
Students must inform the National Lecturer-in-Charge in a judicious fashion and procure substantiating documentation of any problems in homogeneity to bunch is-sue. Each novice should to-boot accomplished the “Peer Evaluation of Team Members” subterfuge and agency it in to the lecturer-in-charge.
Questions
Aftercited topics are grounded on AMP Indicateed with which you should be already accustomed from your earliest provision. This term ultimately, you are required to analyse AMP Ltd from incongruous angles. The topics you should exculpation are procured beneath. Please exculpation accomplished topics in intimation to AMP Indicateed and keep from giving open exculpations.
(i) Evaluate how revelations during the Royal Commission hearing would seek your audit guile. The integrate to bearing recitaling plummet (ASA315) follows:
http://www.auasb.gov.au/admin/file/content102/c3/ASA_315_Compiled_20
15.pdf
(ii) Realize couple elder audit waste areas coercion AMP, and bright-up why you entertain signed these recitals as substance momentous. Discuss the implicit contact of the audit waste on the company’s financial statements; and portioicular the auditing procedures to fulfill the recital balances contacted by the waste.
(iii) Realize couple bearing open balance-related and couple transaction-related audit objectives grounded on the decision from the waste realityors in segregate (ii). The required audit objectives here must be specific to AMP and causal homogeneityship with segregate iii) must be periodical.
(iv) From the decisions of the Royal Commission, realize inner regudeceased fragilenesses in the AMP’s bestow regularity of regudeceased and recommpurpose embezzle pauseorative regulates to subdue the wastes signed.
Marking Guide
Marks
1 Audit guile 4
2 Audit waste areas 5
3 Audit objectives 4
4 Inner regudeceased 5
Exhibition 2
Total 20
Instructions coercion answerableness the announce
You are required to transcribe a duty announce addressing the aftercited topics. Your announce should comprise an initiative, oversight, embezzle headings, and diagrams or graphs where embezzle. Announce produceat comprises a dwarf initiative, bright disconnected lessitys each discussing a incongruous sharp-end and a terminal oversight.
Your announce should insist of the aftercited lessitys:
• Provision aggravatespread subterfuge (with unmeasured indicate, novice ID, attestation, and the segregate each novice accomplishedd) https://students.acu.edu.au/home/panels/administration/forms/assessment_and_ provision_forms. You may yield aggravatespread subterfuges disconnectedly.
• Table of contents
• Initiative (an initiative to the issues you are to address in the announce, sources you entertain used /analyses you carried quenched and a dwarf aggravateview of the results).
• Table of contents
• Assemblage (answers to topics)
• Oversight(s)
• Intimations
Checklist antecedently submission:
• Typed using Microsoft Word in Ariel 12 sharp-ends with inclose spacing • Displayed a individual inch loophole on accomplished sides.
• Each topic is reckoned or is exculpationed inferior an embezzle title
• Aggravatespread page is decided at the front of the provision. The aggravatespread page can be downloaded from the aftercited integrate:
• https://students.acu.edu.au/home/panels/administration/forms/assessment_and_ provision_forms. You may yield aggravatespread subterfuges disconnectedly.
• Embezzlely adduce peculiar is-sue, cause(s) etc. Citation and referencing must conproduce to Harvard referencing produceat twain in the assemblage of the tractate and its decided intimation lessity. https://leocontent.acu.edu.au/file/2029731d-68e2a1fd-10fa-
50310093b57f/1/Harvard%20Referencing%20System%20%28AGPS%29.pdf
• Provision yieldted via Turnitin.
Referencing
In your announce you insufficiency to tail up your ideas and statements by referring to read learning. Therefore your interpretation of embezzle referencing is adventitious referable simply to transcribe announces during your studies beside to-boot in your negotiative history. Yieldting is-sue in gross or in segregate that is copied or paraphrased from other causes including novices withquenched reform acknowledgement is considered to be individual of the most thoughtful academic crimes.
PEER EVALUATION OF TEAM MEMBERS
Each novice should accomplished this from with regard to other novices in the syndicate and agency it in to the lecturer-in-charge.
Indicate (transcribe unmeasured indicate) Contraventions Quality and share Cooperation and team is-sue Follow through Total score
Meetings:
1 Rarely cheerful contraventions and when attendant arrived deceased or left existing
2 Cheerful some bunch contraventions, arrived deceased or left existing on make
3 Cheerful most bunch contraventions, arrived on term, stayed coercion diffusiveness of term scheduled
4 Cheerful accomplished contraventions, arrived on term, stayed longer than the scheduled contravention term
Quality and share of quenchedput
1 Contributed very tiny, if at accomplished, to the tractate
2 Ideas were fragile and input indicateed, effected simply is-sue assigned
3 Procured available input most of the term and was beneficial in getting tasks accomplished
4 Always procured precious input into the scheme and facilitated discussions
Cooperation and team effort
1 Created problems and was disruptive
2 Went along with whatever the pause of the bunch decided
3 Sometimes led the bunch, procured assistance coercion other team members on make 4 Led the bunch in establishing a cooperative team environment
Follow through
1 Rarely accomplishedd provisions, is-sue accomplishedd was repeatedly referable available
2 Required some instigation to accomplished provisions on term, various changes required
3 Accomplishedd is-sue on term with some changes required
4 Accomplishedd assigned is-sue on term and mistake free
Toll rubric coercion Bunch Provision
FAIL (0-49%) PASS (50%-64%) CREDIT (65%-74%) DISTINCTION (75%-84%) HIGH DISTINCTION (85% and aggravate)
LO2 &
LO3
Unsatisfactory enterprise indicating not-alike and irregular interpretation and collision of the question matt achieves lacking or nindividual of the b and taller-order intentional goa coercion the toll tasks; condensed perceptible mistakes reality, oversight and/or applicati bestow; bright and unambiguo declaration of non-ownership o most or accomplished required skills; irregularly demonstrated lev interpretive and/or analytical a
and psychological initiative; not-alike raze of competen /or er;
asic ls
of on us f
el of
bility ce. Satisfactory enterprise indicating bland beside inaccomplished or less well-rounded interpretation and/or collision of the question matter; achieves frequent basic beside very lacking or nindividual of the taller-order intentional goals coercion the toll tasks; various thoughtful flaws or frequent less individuals; bright and plain declaration of ownership of an bland raze of an merry reckon of required skills; demonstrated bland raze of interpretive and/or analytical cece and psychological initiative; bland raze of sufficiency. Cheerful-natured-tempered-tempered enterprise indicating sound and well-rounded interpretation and/or collision of the question matter; achieves accomplished basic beside simply a lacking taller-order intentional goals coercion the toll tasks; a lacking over thoughtful flaws or various less individuals; bright and plain declaration of ownership of a sound raze of most required skills; demonstrated sound raze of interpretive and/or analytical cece and psychological initiative; sound raze of sufficiency. Very cheerful-natured-tempered-tempered enterprise indicating reasonably accomplished
and pregnant interpretation and/or collision of the question matter; achieves accomplished basic and most taller-order intentional goals coercion the toll tasks; some less flaws; bright and plain declaration of ownership of a tall
raze of required skills; demonstrated tentire raze of interpretive and or analytical cece and psychological initiative; tentire raze of sufficiency. Laudable enterprise indicating accomplished and pregnant interpretation and/or collision of the question matter; achieves accomplished basic and taller-order intentional goals coercion the toll tasks; minimal or no mistakes of reality, oversight and/or collision bestow; bright and plain declaration of ownership of a very tentire raze of required skills; demonstrated very tentire raze of interpretive and/or analytical cece and psychological initiative; very tentire raze of sufficiency.
LO5
Content Sharp-ends unclear, unprotected Thoughtful flaws Some arguments assistanceed
Some areas lacking
Just tolerable plummet of Argumentation. Frequent cheerful-natured-tempered-tempered sharp-ends made and openly Assistanceed. Reform admission and openly merry oversights Frequent cheerful-natured-tempered-tempered sharp-ends made. Statements are for-the-most-part assistanceed. Reform admission and for-the-most-part reform oversights Sharp-ends made very brightly. Solid arguments with laudable assistance. Reform admission and reform oversights
LO5 (Presentation)
(Referencing, material layout, row spacing, page reckoning, spelling, grammar) Tiny career
Frequent mistakes
Lack of proofreading
Poorly organised
Disconnected Somewhat organised Lacking explicit mistakes Cheerful-natured-tempered-tempered skills in look and bestowation Well-developed skills in look and bestowation Quenchedstanding bestowation
No mistakes of any kind
Logical produceat, level career of ideas