Thank you very much for doing this assignment for me, it is very much appreciated by my professor. They have very quick turn around time.

Report Presentation 1 mark • Very well formatted with sub-headings, page numbers, appendices, and effective use of tables/graphics (1 mark) • Formatting is well set out and clear, but there are minor issues in sub- headings, page numbers, appendices and/or • Formatting is coherent and clearly structured, but page numbers are missing or subheadings or contents page is brief (0.5 mark) • No formatting or lack of structuring. (0 mark) graphics. (0.75 mark) Reference and Citation 1 marks • References are consistently correct using Harvard style or APA style. No missing citations. A strong reference list with relevant and credible sources. (1 marks) • Generally correct referencing using Harvard style or APA style. Lacks references. (0.75 marks) • Some References are used, but not used consistently. Not enough research. (0.5 mark) • References are missing or do not comply with correct referencing style. (0 mark)

Spelling and Grammar 2 mark • No errors. Well proof- read. Clearly edited and refined prior to submission. (2 mark) • Only minor errors. Needs some editing. (1.5 mark) • Numerous minor errors. Not proof-read or edited effectively. (1 mark) • Numerous major and minor errors which distract from understanding and clarity. Not proof-read. Not edited. Academic English level is low. (0.5 mark)

Conclusion 2 marks • Very well composed conclusion with a clear and logical evaluation with conclusive and persuasive statements based on an intelligent assessment of the evidence acquired. (2 marks) • Conclusion is logical and an evaluation is made, but there is some lack of evidence or depth of analysis, which would have improved the overall persuasivene ss of the report. (1.5 marks) • Conclusion is noted and an evaluation is presented, but it is lacking in sufficient detail or supporting evidence. Requires more analysis and some proof- reading. (1 marks) • Conclusion is poorly written with no evaluation and no logical coherence. No evidence of analysis. Poor effort. (0.5 mark)

Main Body Including Introduction 10 marks • Excellent. Well organised. Main points are logically ordered; sharp sense of structuring and arrangement of key information. Supporting details are specific to the main points and adequate facts and other evidence is provided and well -articulated. (8 – 9 marks) • Organized; but some main points are disjointed, incomplete or not correctly prioritised. Some details do not support the subject. (6 – 7 marks) • Some organization; main points are there but they are disjointed; Minor structuring issues. (4 – 5 marks) • Poorly organized; no logical progression; beginning and ending are vague. No structure. Lacks substance. No research noted. (1 – 3 marks)

Criteria weight Excellent Good Satisfactory Sub-standard Executive Summary 4 marks • Very effectively written synopsis with clear communication of the main points. (4 marks) • Competently composed synopsis with the main points communicate d. (3 marks) • Synopsis is clearly written, but it is brief or has some errors. (2 marks) • Synopsis is deficient and poorly written. Too brief. (1 mark)

Account Balance Amount Assertion(s) Audit Procedures Audit Evidence 1. (Example Asset) Cash at Bank Eastpac Bank Ltd $AUD 50,000,000 Existence, Completeness, Accuracy, Rights and Obligations, Valuation and Allocation 1. Request and examine bank confirmations 2. Undertake tests of bank reconciliations, follow-up reconciling items. Bank Confirmation certificate from the Bank (Document). Obtain copies of client’s bank reconciliations (Document). Enquiry and notes of reconciling item (oral) Assertion - Existence Cash stated in the BS exists as at balance date Assertion - Completeness All cash items are included in the BS as at balance date

4. This is a short and concise paragraph where students explain how they calculated planning materiality (i.e. Overall Materiality) for their company and subsequently list the key material accounts in accordance with the amount of materiality selected for planning purposes. 5. Note – Questions 5, 6 and 7 should be presented in a table format with the following headings: “Account Balance” (including amount), “Assertions” (with explanations), “Audit Procedures” selected – (Refer below for a partial sample answer only arranged in a table) 6. Assess students’ reference lists and use and analysis of external resources throughout the assignment. Students are encouraged to research widely and utilise relevant information

3. Students need to demonstrate their knowledge of typical analytical procedures used for financial statements and provide a trend analysis of four key ratios, for example, such as: Liquidity ratios (current ratio, quick ratio) Activity ratios (Inventory turnover, debtors turnover) Profitablity ratios (Gross margin, net profit, Asset turnover, return on total assets) Solvency rations (Debt to equity, equity ratio) The types of ratios used and selected for analysis may vary. This is acceptable provided that the students have shown a logical and coherent trend analysis of their company over three years based on four key ratios selected.

1. Students will select or have selected for them a unique company from the ASX to review and analyse. No group is allowed to have the same company. This must be controlled by strict allocation from the Unit Convenor / lecturer, who will maintain a master list of approved companies for use in the assignment. 2. Students need to demonstrate their understanding of the entity and its industry and also, their ability to utilise the risk-based audit approach, as illustrated in Figure 4.8 in Chapter 4 of the textbook. Having gained an understanding of the nature of the entity and its industry, assess business risk, the risk of material mis-statement, and the factors affecting inherent risk and control risk. After this is completed, apply the Audit Risk Model [AR = f (IR x CR X DR)] to the selected company. Which risk rating would you apply (Low, Medium or High) to the company’s inherent risk assessment and control risk assessment? How does this affect Detection risk and Audit Risk?

Format of the Report 1. You should at least have the following details: a. An Assignment Cover Page clearly stating all of your members names and student numbers b. Brief Introduction or Overview of what the report is about. c. Main Body of the report with sections to answer the above sections and with appropriate section headings. Provide your responses in a table format. d. Conclusion e. List of References. 2. Ensure all diagrams and tables are clearly labelled and explained. 3. Ensure all materials used are correctly referenced. 4. Use page numbers at the bottom of each page of the assignment. 5. Use the correct in-text referencing, appropriate expression, correct grammar, spelling and punctuation, 10-12pt font, appropriate word length and normal margins.

4. Maximum marks available: 30 marks. (Weighting = 30%) 5. Due date of submission: Week 9 6. Assignment word length = 3,000 words 7. Please use the Spelling & Grammar and “Word Count” functions and include the actual no. of words on the front page of the report.

1. This assignment is to be submitted in accordance with the assessment policy, as stated in the Subject Outline and in the Student Handbook. 2. It is the responsibility of the student, who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another person’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. 3. Students can submit all assignments for plagiarism checking (self-check) on Blackboard before final submission in the subject. For further details, please refer to the Subject Outline and Student Handbook.