ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写

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  • ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写


    La Trobe University ACC3AUD2017s2  Assignment 1/3
    ACC3AUD AUDIT ASSIGNMENT- SEMESTER 2, 2017
    Department of Accounting
    La Trobe University
    AUDIT RISK & PLANNING (20% of overall subject assessment)
    You are part of the audit team required to prepare a report to the senior partners of your
    auditing firm. This report will be used as part of the information provided to the audit team.
    You and your colleagues have been assigned to prepare a report based on your research of
    Billabong International Limited (Billabong). Assume that this is the first time that the audit
    will be conducted by your audit firm, La Trobe Partners. The report must cover the areas
    detailed below. This will require extensive research and critical analysis of the annual reports
    and any other information that you have obtained.
    http://www.billabongbiz.com/phoenix.zhtml?c=154279&p=irol-irhome
    In your report you must address the following issues:
    1. Provide an overview of the client’s business and industry in which it operates. The
    overview must include a discussion on recent developments. (5 marks)
    2. What are the significant business and/or audit risks for Billabong? You need to
    explain at least FIVE (5) risks. DO NOT DISCUSS THE AUDIT RISK MODEL.
    (7.5marks)
    3. Referring to the financial statements for 2016
     Calculate and comment on the listed ratios below. Your comments must
    also include a comparison with the Industry figures.
     Ratio Summary Table
    Ratio  2015  2016  Industry
    I. Current ratio 2
    ii. Debt-to-equity ratio  1
    iii. Gross Profit Margin 60%
    iv. Inventory turnover 4 times
    v.  Trade  Receivables
    turnover
    6 times
    (10 marks)

    ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写
    La Trobe University ACC3AUD2017s2  Assignment 2/3
    4. Material misstatements
     Based on your ratio calculations and assessment of the client’s business
    and audit risks, identify 5 areas of risk of material misstatement in the
    financial statements.
     Explain why these particular areas are risky.  (7.5 marks)
    5. Going concern
     Given the financial results and based on the information you have
    gathered, is there a potential going concern issue? Explain.  (5 marks)
    6. Social Responsibility
     You have also been requested to research the company’s social
    responsibility information and provide a summary in your report. As part
    of the audit engagement, would you recommend an external assurance for
    the Sustainability Report? Explain.
    (5 marks)
    Grand total/40 marks
    Final mark/20 marks
    Submission details
    The report must be completed in groups of three (3). Word count: 3000 words
    The assignment must be submitted via LMS (Turnitin) by Wednesday September 13, 2017,
    5pm.
    Presentation Requirements
    The assignment must be presented in the following format:
     The cover sheet must include the subject code, report title, date, student names,
    student ID and workshop details of each student.
     Table of contents.
     Executive summary.
     Main body of the report (This must cover sections 1 to 6 inclusive as outlined above).
     Conclusion
     References.
    La Trobe University ACC3AUD2017s2  Assignment 3/3
    The total word count should be 3000 words (additional words are permitted for attachments,
    appendices and references). Please use size 12 font; 14 or 16 font may be used for headings
    only; double spacing between paragraphs and each page must be numbered.
    Please use appropriate references for resources used including accounting and auditing
    standards; regulations; and the Corporations Act 2001 etc.
    Failure to meet the above format and presentation requirements will incur a 5 mark penalty.
    Late Submission
    Late submission of the assignment will attract a penalty of 5% of the marks for the assignment
    (20) per day according to the University policy. Please refer to the Subject Learning Guide for
    details.
    ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写