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Audit and Assurance

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Audit and Assurance
BA (HONS) ACCOUNTING & FINANCE
BA (HONS) PROFESSIONAL ACCOUNTING
PROFESSIONAL ACCOUNTANCY COURSE
YEAR 3
AUDIT & ASSURANCE 1
INDIVIDUAL ASSIGNMENT BRIEF

HAND OUT DATE: 5th October 2011
HAND IN DATE:

INSTRUCTIONS FOR COURSEWORK

You are required to research and prepare a report based on one of the following topics. Please seek the assistance of the module leader Ivor Pingue and your seminar tutors for help and guidance with your coursework. Do not leave the research too late!!

The word limit for the report is a minimum of 3,500 (+10%) words. maximum word count can be + 10% (Note: reports submitted with less than 3,500 words will be rejected and given a mark of zero !!). Reports must indicate the word count and any report that does not include this will be rejected. All reports must be properly referenced and also be submitted with a TURNITIN report. NOTE that high similarity reports could be subject to further investigation which might lead to a charge of academic misconduct for plagiarism.

PERSONAL DEVELOPMENT PLAN

In addition to the written report, you are to prepare a separate individual personal development statement in accordance with the attached brief. This individual submission is to be handed in for the attention of Peter Blowes. The personal development statement will contribute up to 10% of your overall mark for the unit.

TOPIC 1

Given the recent banking crisis and the current volatility of the financial markets, some commentators have suggested that the current audit model is not fit for purpose and should be changed to reflect the current business practices and models particularly relating to risk and risk assessment.

REQUIRED

Critically evaluate this statement and consider whether in your view, the current risk based approach to auditing should be amended and if so, what model should be adopted. (NOTE: YOU DO NOT HAVE TO RESTRICT YOUR RESEARCH TO THE UK).

TOPIC 2

External auditing has changed to

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