Reference no: EM132897567 , Length: word count:2000

FINM012 Strategic Audit - University of Northampton

Learning Outcome 1: Successfully critique concepts in order to address the significance of the legal and professional requirements in the performance of an audit.

Learning Outcome 2: Assess the relationship between the preparation of accounts and the audit conducted on them.

Learning Outcome 3: Analyse the overall audit strategy and the effectiveness of the audit monitoring process in the global environment.

Learning Outcome 4: Communicate effectively with specialist and non-specialist audiences, demonstrating sensitivity to responsibilities and contextual hierarchies about the global networks involved in Strategic Audit.

The AssessmentTask

The purpose of this report is to analyse the overall audit strategy and the effectiveness of the audit monitoring process in the global environment, criticising audit concepts in accordance with legal and professional requirements and assessing the relationship between the preparation of financial accounts and their audit. To meet this target, answer the following twoquestions: -

Question 1 (1,000 words, weight 50%):Critically discuss the argument for and against theauditor's responsibility for fraud and illegal acts in the UK context. Debate the recommendations of the Brydon Report for 2019 regarding this responsibility.

Question 2 (1,000 words, weight 50%):
Describe the audit expectations gap in the UK and globally, discuss recent developments concerning thisgap and debate the recommendations of the Brydon Report for 2019 to deal with this gap.

Note:Harvard referencing is required - all questions must be accompanied by enough research and reference to published work.

Word limit

2000 Words (+/-10%).

Harvard referencing style

Attachment:- audit strategy.rar