Skip to main content

The new auditing standard ASA701 Communicating Key Audit Matters in the Independent Auditor’s Report is developed in the wake of the global financial crisis

Auditing, Assurance & Services ACC707 Individual Assignment
Research Question
Auditor’s Report
The new auditing standard ASA701 Communicating Key Audit Matters in the Independent Auditor’s Report is developed in the wake of the global financial crisis. This development is in response to calls from shareholders to know more about the companies they invest in. Further, investors have also requested earlier warnings of potential issues that may exist with respect to an entity’s ability to continue as a Going Concern which resulted in the revision of ASA 570 (ISA 570) Going Concern. You are required to research the auditing issues surrounding the collapse of ABC Learning Centre. Further you are required to relate the issues that led to the development of the new auditing standard ASA701 Communicating Key Audit Matters in the Independent Auditor’s Report. As a result of your research, provide the key audit matters (you need to be specific what key audit matters are) which would be required to be disclosed in the audit report to the members of ABC Learning Centre if the new auditing standard ASA701 (ISA 701) had applied in the period leading up to the collapse of ABC Learning Centre and evaluate the usefulness of the ASA701 (ISA 701).
Required
Using reference materials available on the internet, research the topic and prepare a report, fully referenced and up to 2,500 words (assignment in excess of 2,500 words will be penalized). Minimum of 8 academic references is required.
Due Date: Week 10 – 5:00 pm Wednesday of Week 10
The report should include title page, executive summary, table of contents, appropriate headings and sub headings, recommendations, reference list (Harvard-Anglia style), attachments if relevant, single spaced, font Times New Roman 12pt.
The marking guide will be as follows:
30% Analysis
30% Research – extent and application
30% Recommendations/conclusions
10% Presentation
Total mark will be scaled to a mark out of 30 subject marks.



CLICK HERE TO ORDER THIS PAPER………………………NO PLAGIARISM Get 100% Original papers from the writing expertsLogo CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS……

Comments

Post a Comment

Popular posts from this blog

Netanel (1996) talks about the NIEP theory approach to copyright and the democratic paradigm. Explain the difference between these in your own words. Lessig (2008) talks about read-only (RO) and read/write (RW) culture. How can copyright facilitate both of these?

chapter one Introduction A ‘‘Largely Ignored Paradox’’ The u.s. supreme court has famously labeled copyright ‘‘the engine of free expression.’’1 Copyright law, the Court tells us, provides a vital economic incentive for the creation and distribution of much of the literature, commentary, music, art, and film that makes up our public discourse. Yet copyright also burdens speech. We often copy or build upon another’s words, images, or music to convey our own ideas effectively. We cannot do that if a copyright holder withholds permission or insists upon a license fee that is beyond our means. And copyright does not extend merely to literal copying. It can also prevent parodying, remolding, critically dissecting, or incorporating portions of existing expression into a new, independently created work. Consider The Wind Done Gone, a recent, best-selling novel by African American writer Alice Randall. Randall’s novel revisits the setting and characters of Margaret Mitchell’s classic Civil War
Post a Comment
Read more

Explain why HAMILTON is considered “a cultural monument?”

  Module 7: Theatre Now: Steps Toward Diversity Chapter Questions Read Chapter 9 “Musicals of the Twenty-First Century” (pages 244 to 246) and Chapter 10 (pages 247 to 260) in your textbook. Choose only 5 of these questions to answer. Write your answers in your own words; if you choose to quote from the textbook, remember to identify the source. Question # Chapter Questions 1 9 Explain how Broadway musicals have changed in the 21st century. 2 9 Explain why HAMILTON is considered “a cultural monument?” 3 10 Identify the current focus/topics of the American theatre’s social awareness. 4 10 Give an example of how current theatre is addressing inequality in each of these areas: (a) gender and sexuality (b) racism (c) access to theatre for people with disabilities 5 10 How has theatre moved from its pre-1960s attitude that plays must not be open about the Love that dare not speak its name? [This expression was first used by Lord Alfred Douglas in his 1894 poem, “Two Loves” written in refere
Post a Comment
Read more

CBS Undercover Boss website

  Go to the CBS   Undercover Boss   website and search for a full episode of the show. Imagine you are the CEO of the company in the selected episode.  please do this with 2 pages Provide a detailed comparison of two job positions from the episode. Perform a job analysis of each position. Provide a clear, detailed description of your method of collecting the information for the job analysis. Examples include one-on-one, interview, or survey. Create a detailed job description from the two positions you analyzed. Provide clear, conclusive rationale for why the job analyses and job descriptions comply with state and federal regulations. Support your propositions, assertions, arguments, or conclusions with at least three credible, relevant, and appropriate sources synthesized in a coherent analysis. Cite each source on your source list at least once within your assignment. For help with research, writing, and citation, access the  library  or review  library guides . Write clearly and conc
Post a Comment
Read more