Auditing concepts and auditing methods

Assignment Help Auditing

Reference no: EM133137974

ACC6030 Auditing and Assurance Services

Case study

The Chief Audit Officer of Australian Stock Exchange (ASX) has appointed you to investigate and report on the "True and Fair" status of the audited financial statements of a high-profile international company. For that purpose, you need to critically examine the Auditors' opinion in the "Independent Audit report" and importantly focussing on their "Key Audit Matters", available in the company's latest Annual Report.

Company - DEXUS LTD (DXS) (Australia)

Required

You need to use risk-based auditing approach, auditing concepts and auditing methods learnt in this unit to conduct this investigation and report on the major issues reported, particularly in the Key Audit Matters by the Auditor, such as:

• Leases
• Inventory
• Valuations
• Capital assets
• Financial instruments
• Estimations
• Leases
• Goodwill
• Going concern
• Internal control
• Corporate governance
• Business risks
• Corporate strategy
• Risk management systems

The above list is illustrative only and your case study report is NOT required to address all the above-mentioned topics. You can include other topics of this unit, as related to the company assigned to you for investigation and then derive your conclusions and recommendations.

For this purpose, you need to use Australian Auditing standards and case laws and other information which you have learnt in this unit, such as:
• ASA 315 - Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
• ASA 320 - Materiality in Planning and Performing an Audit

• ASA 330 - The Auditor's Responses to Assessed Risks
• ASA 560 - Subsequent Events
• ASA 570 - Going Concern
• ASA 700 - Forming an Opinion and Reporting on a Financial Report
• ASA 705 - Modifications to the Opinion in the Independent Auditor's Report
• ASA 706 - Emphasis of Matter Paragraph and Other Matter Paragraphs in the Independent
Auditor's Report
• APES 110-Code of Ethics for Professional Accountants

Attachment:- Auditing and Assurance Services.rar

Reference no: EM133137974

Questions Cloud

Explain high involvement managerial strategy : In 500 word explain High involvement managerial strategy would be effective and please cite any source you use

Discuss the cultural trends that could be noticed : Discuss the cultural trends that could be noticed in unionization in Canada

Contrast random selection and random assignment : Compare and contrast random selection and random assignment.

Prepare the journal entry for arctic to record collection : Prepare the journal entry for Arctic to record collection on January 1, 2021, assuming Seneca prepays the present value of the snowmobiles

Auditing concepts and auditing methods : Use risk-based auditing approach, auditing concepts and auditing methods learnt in this unit to conduct this investigation and report

Aspects of needs analysis in bank of baroda : It has been a long and eventful journey of almost a century across 21 countries. Starting at 1908 from a small building in Baroda to its new hi-rise and hi-tech

Recruiting and retaining health care professionals : Discuss and explain four voluntary benefits that an organization will provide to its employees and why those benefits are important in recruiting and retaining

Define good practice for the use of call recording : Work in groups. You are the management team at Delaney. You have heard rumors that your main client, a major European car-hire company, is investigating an alte

Multiplication program in hack assembly task : Handling Program in Hack Assembly and Multiplication Program in Hack Assembly - write a Hack assembly program Mult.asm to multiply two integer values

User Account

All Pages