$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!
Students Who Viewed This Also Studied
HI6026 Audit Assurance And Compliance
Task
Students are required to explain the analytical procedure, audit risk and application of audit committee effectiveness from your selected company. Students are required to analyse the causes of audit risk by understanding company’s analytical procedure and
the relevant issues from their selected company’s and then specify whether their selected company’s follows audit committee guideline suggested by ASX CGC guideline to ensure professional integrity, good governance and reputation.
Purpose of the assessment (with ULO Mapping)
Learning Outcomes:
• Evaluate the economic and legal basis for auditing and the applicable auditing standards and reporting requirements
• Analyse and communicate knowledge of the auditor’s professional judgement, legal and ethical responsibilities to their clients and third parties
• Assess audit strategies including the evaluation of business risk and internal controls
• Apply audit concepts and processes to gather evidence and formulate judgments with respect to the underlying information
Assignment Specifications
Purpose
Students will have to research relevant academic literature, including related organisation websites andwrite in-text citations in this assignment. Additionally, they will demonstrate understanding and critical evaluation of the Australian financial governance reporting environment and its current regulatory framework, and recommend future directions to the Australian governance principles reporting regulators.
Required Task:
Part A: Analytical Procedure (15 marks)
Obtain a copy of a recent annual report (2019) from ASX Top 300 listed companies list (most companies make their annual reports available on their website). Perform analytical procedures of the Statement of Financial Position and of Financial Performance over the two years (2018 and 2019) using appropriate ratios and/or metrics.
Required:
Measure and discuss income statement, balance sheet and cash flow ratios from your selected company and How does this affect your assessment of materiality, detection risk and overall audit Risk? Provide a brief explanation in the report. This should be presented in a table format. (15 marks)
Part B: Audit Committee Effectiveness (20 marks)
1. “Audit committees do not prepare financial reports, nor do they conduct audits. But they have an essential role to play in ensuring the integrity and transparency of corporate reporting”. Explain this statement? Who should be members of the Audit Committee? Is there an association between Audit committee effectiveness and audit quality after IFRS adoption? (10 marks)
2. Explain your selected company’s (same selected company from part A) and prepare the following responses about the application of audit committee effectiveness recommended by ASX Corporate Governance Council (CGC) principles using Corporate Governance Principles and Recommendations (4th Edition) was released on 27 February 2019?(10 marks)
i. Members of the audit committee meet all applicable independence requirements.
ii. The audit committee demonstrates appropriate industry knowledge and includes a diversity of experiences and backgrounds.
iii. Audit committee members have the appropriate qualifications to meet the objectives of the audit committee ‘s charter, including appropriate financial literacy.
iv. Discuss about audit committee size and members profile.
v. Discuss about meeting arranged by audit committee chairman and whether member participate actively?
vi. The audit committee monitors compliance with corporate governance regulations and guidelines.
The assignment structure must be as follows:
1. Holmes Institute Assignment Cover Sheet – Full Name, Student No., Contribution.
• The Executive summary should be concise and not involve too much detail.
• It should make commentary on the main points only and follow the sequence of the report.
• Write the Executive Summary after the report is completed, and once you have an overview of the whole text.
• The Executive Summary appears on the first page of the report.
3. Contents Page – This needs to show a logical listing of all the sub-headings of the report’s contents. Note this is excluded from the total word count.
4. Introduction – A short paragraph which includes background, scope and the main points raised in order of importance. There should be a brief conclusion statement at the end of the Introduction.
5. Main Body Paragraphs with numbered sub-headings – Detailed information which elaborates on the main pointsraised in the Introduction. Each paragraph should begin with a clear topic sentence, then supporting sentences with facts and evidence obtained from research and finish with a concluding sentence at the end.
6. Conclusion – A logical and coherent evaluation based on a thorough and an objective assessment of the research performed.
7. Appendices – Include any additional explanatory information which is supplementary and/ or graphicalto help communicate themain ideasmade in the report. Referto the appendicesin the main body paragraphs, as and where appropriate. (Note this is excluded from the total word count.
HI6026 Audit Assurance And Compliance
Answer in Detail
Solved by qualified expert
Get Access to This Answer
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.
Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
27 More Pages to Come in This Document. Get access to the complete answer.
As a student from the nations like UK, USA or Australia, if you are searching for top quality assignments at a reasonable price, MyAssignmentHelp.com is your destination. Our services just do not end at the delivery of our work, but we even provide 24×7 online chat to follow up on our customers.
More HI6026 HI6026 Audit Assurance And Compliance: Questions & Answers
ADM 4275 Auditing Theory and Practice
Task:
Situation:Murray Interiors Ltd. (MIL) is a retailer of high-end furniture. MIL has been in operation in Canada for nearly 50 years and was founded by Margaret. MIL is a family-run business, and Margaret’s granddaughter Shannon is MIL’s newly appointed chief executive officer and chair of the …
View Answer
Science
In 1974 it was suggested that a model developed to predict bankruptcy may also be used to help the auditor judge a company’s ability to continue as a going concern (Altman & McGough 1974). Since then many more models/techniques have been developed to predict going concern difficulties. &nb …
View Answer
HI6026 Audit, Assurance and Compliance
Assignment Question (1) (10 Marks)You are an audit manager with Clarke & Johnson (CJI). For the past years CJ has been the auditor of luxury Travel Holidays LTD (LTH), a travel company. Geoff, the audit partner, has asked you the to contact Chris, LTH’s CEO, with a view to CJ being re-enga …
View Answer
BUACC3741 Auditing Assignment
Task:
Background:
Lisa Smith has recently graduated from Federation University and start work with ABC & Associates (A&A) audit firm. Lisa meets an old school friend, Charles Leung, for dinner. They have not seen each other for several years. Charles is surprised that Lisa is …
View Answer
Content Removal Request
If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.
Choose Our Best Expert to Help You
Maxwell West
Master of Psychology with Specialization in Neuropsychology
1490 – Completed Orders
Hire Me
Still in Two Minds? The Proof is in Numbers!
33845 Genuine Reviews With a Rating of 4.9/5.
Supply Chain
Home Work: 1.4 Pages, Deadline:
3 days
Well organized and information is up to the mark. I’ll definitely share this platform with my frds also for assignment help
User ID: 8***02 Canada
Marketing
Assignment: 4 Pages, Deadline:
2 days
Good work, one of the tutor did my assignment wrong and the admin assign a new tutor and did the assignment again with priority and for free
User ID: 4***30 Australia
Geography
Essay: 2 Pages, Deadline:
8 days
thanks its good poster i still did not get the poster i hope to get the poster
User ID: 2***0 Saudi Arabia
It Write Up
Assignment: 3 Pages, Deadline:
23 hours
good service, with nice APA style and fast respone chat. The writing is completed before time
User ID: 6***06 Bien Hoa, Vietnam
Healthcare
Assignment: 1 Page, Deadline:
4 days
won’t be graded till I hand in the rest of the work this was just a segment of my assignment I need help with and am very plesased with the outcome
User ID: 8***83 United Kingdom, Great Britain
Psychology
Assignment: 3.2 Pages, Deadline:
7 days
I like the work because you guys completed the work within the time limit even if it has lot of reading.
User ID: 8***70 Surrey, Canada
Psychology
Assignment: 4 Pages, Deadline:
6 days
I like to give you my assignment due to good quality of work and you follow the all instruction .
User ID: 8***70 Surrey, Canada
English
Essay: 2 Pages, Deadline:
10 days
It was good enough to pass the course. I like the way of your work. I want to give more work to you guys.
User ID: 8***70 Surrey, Canada
English
Essay: 3.2 Pages, Deadline:
4 days
This is good content that you have provided in the assignment thank you for your valuable help.
User ID: 8***70 Surrey, Canada
English
Essay: 2.6 Pages, Deadline:
2 days
I like the work due to accuracy and timely manner. I pass the course due to your help
User ID: 8***70 Surrey, Canada
Nursing
Case Study: 3 Pages, Deadline:
3 days
Requested in short time frame. Assignment was completed within less than 2 days. Made a 90!
User ID: 8***49 Surrey, United States
It Write Up
Assignment: 6 Pages, Deadline:
7 days
good timing , all requirements included , formatting as asked , quick responding .
User ID: 3***51 Muscat, Oman
Physics
Home Work: 4 Pages, Deadline:
11 days
Excellent customer service! Really helpful!! Wanted assignment done in 8days and they managed to complete it within 1 day! And was a excellent standar …
User ID: 8***25 United Kingdom, Great Britain
Statistics
Programming: 12 Pages, Deadline:
19 days
I passed sucessfully thank you very much for your helpI really appreciate it…Continue doing your good work
User ID: 5***27 United Kingdom, Great Britain
Maths
Course Work: 2 Pages, Deadline:
9 days
This assignment was completed as per instructions. All questions were answered neatly etc.
User ID: 2***50 Kitchener, Canada
Management
Thesis: 7.2 Pages, Deadline:
4 days
I was impressed with the services and hope to use them again, just what I wanted at the right time.
User ID: 8***95 United Kingdom, Great Britain
Marketing
Case Study: 6.4 Pages, Deadline:
2 days
Will wait for the lecturer remarks. I have just submitted the work. I hope it is standard since I am using the service for the first time. Impressed w …
User ID: 6***78 United Kingdom, South Africa
Assignment
Essay: 3 Pages, Deadline:
5 days
I always take help from myassignmenthelp. I have no regrets as every time they provide high quality help and they provide good discounts as well.
User ID: 1***63 Longford, Australia
Operations
Assignment: 3 Pages, Deadline:
8 days
Good job, I am happy with the amazing services and completed work given. Thank you very much for helping me receive a good mark. Will definitely work …
User ID: 2***91 Kuala Lumpur, Malaysia
English
Thesis: 3 Pages, Deadline:
2 days
The most satisfying essay I’ve ever received. It covers all parts that I’ve mentioned at the beginning. Thanks a lot pal
User ID: 3***95 United Kingdom, Great Britain
Supply Chain
Home Work: 1.4 Pages, Deadline:
3 days
Well organized and information is up to the mark. I’ll definitely share this platform with my frds also for assignment help
User ID: 8***02 Canada
Marketing
Assignment: 4 Pages, Deadline:
2 days
Good work, one of the tutor did my assignment wrong and the admin assign a new tutor and did the assignment again with priority and for free
User ID: 4***30 Australia
Geography
Essay: 2 Pages, Deadline:
8 days
thanks its good poster i still did not get the poster i hope to get the poster
User ID: 2***0 Saudi Arabia
It Write Up
Assignment: 3 Pages, Deadline:
23 hours
good service, with nice APA style and fast respone chat. The writing is completed before time
User ID: 6***06 Bien Hoa, Vietnam
Healthcare
Assignment: 1 Page, Deadline:
4 days
won’t be graded till I hand in the rest of the work this was just a segment of my assignment I need help with and am very plesased with the outcome
User ID: 8***83 United Kingdom, Great Britain
Psychology
Assignment: 3.2 Pages, Deadline:
7 days
I like the work because you guys completed the work within the time limit even if it has lot of reading.
User ID: 8***70 Surrey, Canada
Psychology
Assignment: 4 Pages, Deadline:
6 days
I like to give you my assignment due to good quality of work and you follow the all instruction .
User ID: 8***70 Surrey, Canada
English
Essay: 2 Pages, Deadline:
10 days
It was good enough to pass the course. I like the way of your work. I want to give more work to you guys.
User ID: 8***70 Surrey, Canada
English
Essay: 3.2 Pages, Deadline:
4 days
This is good content that you have provided in the assignment thank you for your valuable help.
User ID: 8***70 Surrey, Canada
English
Essay: 2.6 Pages, Deadline:
2 days
I like the work due to accuracy and timely manner. I pass the course due to your help
User ID: 8***70 Surrey, Canada
Nursing
Case Study: 3 Pages, Deadline:
3 days
Requested in short time frame. Assignment was completed within less than 2 days. Made a 90!
User ID: 8***49 Surrey, United States
It Write Up
Assignment: 6 Pages, Deadline:
7 days
good timing , all requirements included , formatting as asked , quick responding .
User ID: 3***51 Muscat, Oman
Physics
Home Work: 4 Pages, Deadline:
11 days
Excellent customer service! Really helpful!! Wanted assignment done in 8days and they managed to complete it within 1 day! And was a excellent standar …
User ID: 8***25 United Kingdom, Great Britain
Statistics
Programming: 12 Pages, Deadline:
19 days
I passed sucessfully thank you very much for your helpI really appreciate it…Continue doing your good work
User ID: 5***27 United Kingdom, Great Britain
Maths
Course Work: 2 Pages, Deadline:
9 days
This assignment was completed as per instructions. All questions were answered neatly etc.
User ID: 2***50 Kitchener, Canada
Management
Thesis: 7.2 Pages, Deadline:
4 days
I was impressed with the services and hope to use them again, just what I wanted at the right time.
User ID: 8***95 United Kingdom, Great Britain
Marketing
Case Study: 6.4 Pages, Deadline:
2 days
Will wait for the lecturer remarks. I have just submitted the work. I hope it is standard since I am using the service for the first time. Impressed w …
User ID: 6***78 United Kingdom, South Africa
Assignment
Essay: 3 Pages, Deadline:
5 days
I always take help from myassignmenthelp. I have no regrets as every time they provide high quality help and they provide good discounts as well.
User ID: 1***63 Longford, Australia
Operations
Assignment: 3 Pages, Deadline:
8 days
Good job, I am happy with the amazing services and completed work given. Thank you very much for helping me receive a good mark. Will definitely work …
User ID: 2***91 Kuala Lumpur, Malaysia
English
Thesis: 3 Pages, Deadline:
2 days
The most satisfying essay I’ve ever received. It covers all parts that I’ve mentioned at the beginning. Thanks a lot pal
User ID: 3***95 United Kingdom, Great Britain
Have any Query?
The post HI6026 Audit Assurance And Compliance: Causes Of Audit Risk appeared first on study tools.