School of Business & Law
ACCT20075 – Auditing and Ethics
Assessment Task 2 - Term 1, 2020
The object of this assignment is to assist students to develop critical analysis skills in relation to materiality used for the audit, analytical review, audit procedures and forming an opinion. This is a written assessment with a weighting of 30%. A marking rubric has been provided to assist you with the marking scheme for this assessment task. The written assessment is to be presented in report format, the report is due on Friday 1st May 2020 at 9.00am AEST (Week 7). You must submit your Word document via Turnitin on Moodle. The report is to have a maximum length of 2,000 words. This is an individual assignment. Assume you are part of the audit engagement team for your chosen listed company. The most recent annual report is the draft annual report for your company. Please check the list on Moodle and look up your Student ID to determine your company code. You are required to answer the following questions in this context. This must be your own work and if questioned you should be able to explain your answers without your assignment in front of you.
Please read the plagiarism and academic misconduct section at the top of the Moodle page. You should also click on the link for Plagiarism Awareness and watch the video. If I consider any assignment is not the student’s work I will refer you for academic misconduct, therefore it is important that you read and listen to the plagiarism information provided to understand what is and is not acceptable behaviour. Please ensure you include citations and a reference list as appropriate. You have been allocated an individual company for your assignment. You MUST only use the annual report of the company that you have been allocated. You can find the annual report online on either the company’s website or the ASX website at https://www.asx.com.au/asx/research/listedCompanies.do
Click on the company code you have been allocated. You should use the group annual report if that is available. For example, in this screenshot of Westpac you can see on the right hand side, there is a pdf document available for 2019 Westpac Group Annual Report. (this is an example only, do not use WBC for your report).
There are three sections to this assignment. Each section is worth 10 marks. Each section includes a component for communication skills. Communication with clients is an imperative necessity for auditors and excellent writing skills are expected from professional accountants, therefore please write your answers carefully and clearly. You will lose marks for poor presentation, spelling mistakes or grammatical errors.
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