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Assignment
Scenario: As a significant learning experience in your internship with an IT/IS audit firm, the senior auditor with whom you are working has asked you to design the audit presentation and report for clients in both groups: top management executives and lower level staffs in the organization.
Prepare a 2- to 3-page memo to the senior auditor in Microsoft Word discussing how you would provide the information to the clients in both groups.
Select either interim report or closing conference report. They may be either written or verbal.
Provide the logic for your selection and to what group in the organization you will first present the audit findings.
Include your logic for presenting to this group first.
Discuss the major characteristics of your detailed audit finding report and how you would distribute the report to each group.
Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?
Code of Ethics for Professional Accountants
Prepare Swag's consolidated balance sheet
Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to
Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors
Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.
State whether Event is adjusting or non-adjusting event.
As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.
To identify principal audit risk and corresponding audit procedures
Show the audit inherent risk and rate the risk as low, medium or high.
Explain the role of the following three 'bodies' in National Health Reform
Prepare a memo on the 'state of the company's industry' and associated risk factors.
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