Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Case Study:
You have commenced work as a graduate auditor with a well established audit firm. The firm has a wide client base, which includes some of the largest companies in the state. While the firm derives the major part of its fee revenue from undertaking statutory audits, it also provides other assurance services, including compliance audits. Recently, one of the partners attended a professional function at which it was suggested that a new avenue of work may open up for established audit firms through undertaking external audits under S73 and S74 of the National Greenhouse and Energy Reporting Act 2007. Consequently, she asked you and a colleague to prepare a briefing paper on the issue. You and your colleague agreed that he would undertake the initial research, and that you would undertake follow up research and write the paper. Your colleague was aware that the Department for Climate Change had recently circulated a discussion paper on the subject. He downloaded a copy of the paper and also submissions on the issue from CPA Australia and the Institute of Chartered Accountants in Australia, the Group of 100, the Australian Compliance Institute, and the Australian Petroleum Production and Exploration Association Limited. Your colleague also suggested that you would find some useful material in Chapters 1, 3, 14 and 17 of the textbook he used at university, "Auditing and Assurance Services in Australia" by Gay and Simnett, revised third edition, 2007.
Required:
Prepare a briefing paper on the issues facing established audit firms, such as the one you work for, which may wish to undertake external audits under S73 and S74 the National Greenhouse and Energy Reporting Act 2007.
Q. Which of the following statements is not considered a disadvantage of the corporate form of organization? a. Additional taxes b. Government regulations c. Limited liability of s
Accounting Principles and Policies The user of the accounts expects that the accounting principles and policies used will be in conformity with IAS, be generally accepted, be
phases of operational auditing reports
Cost and Authorization - Auditing Process The cost of building and land acquired while the year should be vouched to suitable documentation.These are contract of sale, surveyo
IAS 20 Accounting for Government Grants and Disclosures IAS 20 Accounting for government grants and disclosures of government assistance The auditor needs to verify the
Issues in Audit of Intangible Assets The two key issues in such audit of intangible assets are: (a) Recognition of intangible assets The audit problem here is to mak
Problem: "If the auditor wishes to place reliance on internal control,he should ascertain and evaluate those controls and perform compliance tests on their operation" (a) De
Banks Features (a) Profit and loss account: When looking at a bank's profit and loss account the accountant should seek to discover what proportions of the bank's profits
importance of debtors circularisation
Work In Progress What such applies to goods for resale applies uniformly to work in progress even when the items present greater problems of valuation and ascertainment to the
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd