Auditing
Semester 1, 2018
INDIVIDUAL CASE STUDY ASSIGNMENT – WRITTEN REPORT
Case study
You are member of a team assigned to undertake research on major reasons and consequences of poor performance, near collapse or turnaround or near demise, or demise of General Motors Company in USA.
Required
You need to use the risk-based auditing approach, auditing concepts, auditing standards and case laws which you have learnt in this unit and apply them to this company.
The key areas of your research should cover issues, such as: Business risk, inherent risk, control risk and other risks
to derive your conclusions and recommendations.
Learning Outcomes and Graduate Attributes
Completing this assignment will help you achieve the Learning Outcomes and ECU Graduate Attributes as described on page 11 of the unit plan.
Preparation and Instructions
This assignment is focused on understanding the facts of the case study and using the relevant accounting standards, regulations, case law and other information to a
ive at your conclusions and recommendations. Please use the Australian Auditing Standards even if it is NOT an Australian company, as they are based on international standards in order to derive your conclusions and recommendations.
The length of this case study written report should not exceed 15 pages, excluding any Appendices (for data, tables, graphs and diagrams) and references at the end.
Report structure
The main headings of the case study written report are:
Executive Summary
Introduction
Methodology
Findings
Implications of findings
Conclusions and recommendations
Marking criteria
The marking criteria for the case study written report is: Report Conventions : 5 marks o Executive Summary o Introduction Research : 5 marks o Methodology o Findings Application : 5 marks o Implications of findings o Conclusions and recommendations Written Communication Skills : 5 marks
XXXXXXXXXXTotal : XXXXXXXXXXmarks
Resources Please refer to the resources available in “Annotated reading list”, “Other significant references and resources” and “Blackboard” on pages 6 of the Unit Plan. The resources which can be used are numerous, such as company annual reports; websites; professional and business magazines; textbooks; academic papers, newspaper and video clips. Please research the information and its logical flow, as it will also assist you in structuring this case study report.
Annotated reading list
Chartered Accountants Australia and New Zealand (CAANZ XXXXXXXXXXAuditing, assurance and ethics handbook 2017. Sydney: John Wiley & Sons.
Gay, G., & Simnett, R XXXXXXXXXXAuditing and assurance services in Australia: (6th ed.). North Ryde: McGraw-Hill.
Other significant references and resources
Roebuck, P., Martinov-Bennie, N. & Soh, D XXXXXXXXXXAuditing and assurance : A case study approach (6th ed.).Chatswood: LexisNexis Butterworths.
You are encouraged to widely read the latest and relevant auditing and accounting literature by regular review of various professional journals and business periodicals. These include, for example, “Charter” - published by the Chartered Accountants of Australia and New Zealand “In the Black” - published by CPA Australia Newspapers such as “Financial Review”; “West Australian”; “Australian”; “Wall Street Journal”. These sources of information are available in the li
ary.
Listed below are a number of useful web sites that may also be of assistance to you:
AuASB - Australian Auditing and Assurance Standards Board - http:www.aarf.asn.au Auditing and Accounting - Australian National Audit Office - http:
www.anao.gov.au Institute of Chartered Accountants in Australia -http:
www.icaa.org.au CPA Australia -http:
www.cpaaustralia.com.au The Australian Financial Review - http:
www.afr.com.au Business Review Weekly -http:
www.
w.com.au The Wall Street Journal -http:
www.interactive.wsj.com