Bsbwor501 Unit Of Study Assignment

ASSIGNMENT AUDITING Semester 1, 2014 Overview Due date Thursday, 5th June 2014 Length 3000 words (maximum) Introduction This assignment requires you to develop an audit plan. You must refer to the relevant chapters of the textbook for information relating to audit planning. Your submission for this assignment must not exceed 3000 words in length. You must attach the assessment declaration sheet to the front of your assignment. You must sign and date the assessment declaration sheet. You must ensure the clarity of your answer and the overall presentation of your assignment. Presentation includes grammar, spelling and compliance with the word limit. Submission instruction Assignment must be submitted electronically and in hardcopy. Electronic submission must be submitted [e-mail]. An originality report is available to students upon
Assignment with originality report level exceeding 30 will be penalised by four (4) marks. Hardcopy submission must be submitted by the due date. Background The rationale for Auditing as per Unit of Study Outline is that on completion of this unit students should have a sound understanding of the underlying concepts of auditing and in particular of financial auditing. By adopting a logical, structured approach they should have the capacity to analyse the salient audit issues and apply relevant auditing theories and succinctly communicate their professional, ethical decision. One of the unit outcomes requires students to be familiar with key tools used by auditors for collecting and evaluating evidence, in both manual and computerised accounting information systems, which will enable them to express an opinion on the fair presentation of financial reports. Required 1. For the purpose of the assignment, you assume the role of an auditor and your firm has recently been appointed as external auditor of an entity. As required by Auditing Standard, you are preparing an audit plan for the audit of the entitys financial