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The a-s-s-e-s-s-m-e-n-t willIndividual Written Report and Video PresentationPlease see the questions shown in the screenshot. I will send you all the info after being hired, eg PPTs, student access etc. Please send a draft in 12hrs -1 day time, day 2, and day 3 as well. + Will need to draft some questions to ask the teacher and revise base on feedback (Send bk ard in 1 day max)
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Assessment 3 Information
Subject Code:
ACC302
Subject Name:
Auditing and Assurance
Assessment Title:
Case Study
Assessment Type:
Individual Written Report and Video Presentation
Word Count
1,500 words (max.) (Do not include title page, table of contents,
executive summary and reference list in the word count.)
Weighting:
40% (Report 25% and Video Presentation 15%)
Total Marks:
40 marks (Report 25 and Video Presentation 15)
Submission:
Individual Written Report submitted via Turnitin on MyKBS .
Video presentation submitted via Kaltura on MyKBS.
Due Date:
Tuesday of Week 13 at 15.55 AEST
Your Task
Part A:
You must complete a report detailing your findings and suggested audit procedures as stated in
Assessment Question for an ASX listed company. The name of the company will be made
available to you at 08:00 (AEST) on the Monday of Week 11.
Part B:
Prepare a video presentation for the partners of the local audit firm. Your video presentation
should introduce yourself, summarise the objectives of the task, your findings and suggested
audit procedures in a video of up to five minutes.
Assessment Description
This assessment is designed to test your ability to apply the knowledge gained from ACC302
workshops during the semester, in identifying assertions at risk and developing appropriate audit
procedures. This will be done by analysing available information of an Australian company
(hereinafter referred to as “The Company”) that is listed on the ASX. The name of The Company
will be made available on the Assessments page of MyKBS for ACC302 on Monday of Week 11
and you must submit your report and video presentation by 15:55 (AEST) on Tuesday of Week
13.
Your facilitator will discuss the assessment requirements during Workshop 6 and Workshop 12.
Workshop participants will be divided into groups to discuss the assessment requirements based
on a sample case study. Your facilitator will then give feedback on each group’s responses to the
application of the questions to the sample case. It is expected that the discussions during
Workshops 6 and 12 will clarify the expectations and requirements for performing at a high
standard in this assessment.
ACC302
Page 1
Case Study
Please remember that this is an INDIVIDUAL ASSESSMENT and must be based on The
Company, name of which will be released at 08:00 (AEST) on the Monday of Week 11.
Learning Objectives:
After completing this assessment, you will be able to:
1) Research information about the selected company (using multiple sources)
2) Address particular areas of the audit process and develop appropriate audit procedures
3) Develop professional report-writing skills
4) Present findings to a professional audience
Assessment Question:
During your semester break, you participated in a vacation program at a local audit firm.
During the vacation program, you assisted an audit senior on the planning of a medium sized
company, including developing appropriate substantive audit procedures. You have one more
semester to complete your post graduate course and have indicated to the audit manager that
you would like to work on a full-time basis at the audit firm on completion of you course.
The audit manager has asked you to write a report as part of the process of determining your
suitability as a candidate for a permanent role in the audit firm. The manager wants to assess
your ability to apply the knowledge you gained, to the audit planning process and developing
appropriate substantive procedures as well as your report writing skills. The audit manager
has also asked you to prepare a video presentation for the partners.
You are required to address the following in your report (refer to rubrics on page 5 & 6 of this
document for breakdown of marks and achievement criteria by component):
1.
Identify 3 business risks of The Company, that will increase the risk of material
misstatement (specifically inherent risk) at the assertion level for classes of transactions or
account balances. For each business risk, identify only 1 class of transaction or account
balance (income statement or balance sheet line item), and for each class of
transaction/account balance please identify the assertion most (only one) at risk of
misstatement. You need to explain why each business risk will lead to a risk of
misstatement to the specific class of transaction/account balance and assertion that you
have identified.
2.
Describe in detail, the appropriate substantive procedure that will address each of the
class of transaction or account balance and assertion identified as at risk of material
misstatement. The description of procedures must be detailed enough for someone with
limited auditing knowledge to be able to carry out the procedures correctly.
3.
Refer to additional requirements on the next page.
ACC302
Page 2
Case Study
Additional Requirements:
1) Do not use the same combination of account balance/class of transaction and assertion as
used in the mock case study sample answer discussed in week 6 and week 12 (Refer to
workshop notes for week 6 and 12).
2) Do not repeat the same combination of account balance/class of transaction and assertion
in your answers. For example, if you have identified existence of inventory as the assertion
and account balance at risk of misstatement for your first business risk identified, do not use
existence of inventory for the second and third business risk. You can identify inventory as at
risk but for an assertion other than existence; or you can identify existence of a different
account balance to be at risk of misstatement. Remember though, that whatever account
balance/class of transaction and assertion that is identified as at risk of misstatement, you
must logically and convincingly explain why this is the case based on the business risk you
have identified.
3) You must include the following in your report:
a) Title page
b) Table of contents
c) Executive summary
d) Introduction
e) Body of report
f) Conclusion
g) References
4) Use Powerpoint slides or other visual aids during the video presentation. Do not exceed five
minutes. Refer to rubrics on page 7-9 of this document for breakdown of marks and
achievement criteria by component for the Video Presentation.
Possible Sources of Information:
Sources of information for this assessment may include:
1.
2.
3.
4.
5.
The latest annual report of The Company
The Company website
Announcements on ASX with regards to The Company
News articles on The Company
Corporate Governance statements of The Company
ACC302
Page 3
Case Study
Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of
cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties?
How can I appeal my grade?
Click here for answers to these questions: http://www.kbs.edu.au/current-students/student-policies/.
Word Limits for Written Assessments
Word limit is 1,500 words (max.). Do not include title page, table of contents, executive summary and
reference list in the word count.
Submissions that exceed the word limit by more than 10% will cease to be marked from the point at
which that limit is exceeded.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the
resources on the MyKBS Academic Success Centre page. Click here for this information.
ACC302
Page 4
Case Study
ACC302 Individual Case Study Rubric Part A Report: 25%
High Distinction
85 – 100%
Distinction
75 – 84%
Credit
65 – 74%
Question 1:
Risk
identification
and link to
class of
transaction/
account
balance and
assertion
Appropriate business
risks are identified and all
of it accurately linked to
class of
transaction/account
balance and assertion.
Reasoning for link is well
written and explained in
a logical manner
displaying an
outstanding
understanding.
Appropriate business
risks are identified and
mostly accurately
linked to class of
transaction/account
balance and assertion.
Mostly appropriate
business risks are
identified and mostly
accurately linked to
class of
transaction/account
balance and assertion.
Mostly appropriate
business risks are
identified but not all
accurately linked to
class of
transaction/account
balance and assertion.
Reasoning for link is
not elaborated
adequately displaying
only a satisfactory
understanding.
Reasoning for link is
very brief displaying a
less than satisfactory
understanding.
High Distinction
85 – 100%
Distinction
75 – 84%
Credit
65 – 74%
Pass
50 – 64%
Fail
0 – 49%
Substantive
procedures are
accurate and suitable
to identified class of
transaction/ account
balance and
assertion. Procedures
described
comprehensively and
instructions are
precise.
Substantive procedures
are logical and mainly
suitable to identified
class of transaction/
account balance and
assertion. Procedures
described sufficiently
and instruction are
logical.
Substantive procedures
are mostly accurate and
suitable to identified
class of transaction/
account balance and
assertion. Procedures
described partially and
instruction are basic.
Substantive procedures
partially accurate and
not always suitable to
identified class of
transaction/ account
balance and assertion.
Procedures described
superficially and
instruction are
sometimes inaccurate.
Substantive procedures
are largely unsuitable to
identified class of
transaction/ account
balance and assertion.
Procedures are hardly
described and
instruction are
mostly/always
inaccurate.
Question 2:
Appropriate
Substantive
procedures
ACC302
Reasoning for link is
reasonably well written
and explained in a
logical manner
displaying a good
understanding.
page 5
Pass
50 – 64%
Fail
0 – 49%
Components
Lack of understanding
of business risk and
hardly able to link risk
to misstatements or
not at all.
Case Study
Mark
Awarded
(Out of
13.5)
/13.5
Mark
Awarded
(Out of 7.5)
/7.5
Communication
Skills/Writing
Overall
presentation,
language,
grammar
Referencing
High Distinction
85 – 100%
Distinction
75 – 84%
Presentation,
formatting and
structure on par with
highest professional
standards.
Only minor
improvements are
needed in presentation,
formatting and structure
for high professional
standards to be met.
An inconsistent
application of
professional standards
of presentation,
formatting and
structure.
An excellent use of the
English language
though minor
improvements needed
in clarity, sequence,
spelling and grammar.
A solid use of the
English language
though obvious
inconsistencies exists in
terms of clarity,
sequence, spelling and
grammar.
Exceptional and
eloquent use of the
English language
presented clearly,
sequentially and
without errors in
spelling and
grammar.
Consistently
accurate
referencing and intext referencing
throughout the
entire document.
Uses relevant and
credible sources.
Shows evidence of
critical thinking in
the selection and
use of sources.
Provides a
comprehensive
reference list and
acknowledges all
sources used.
Accurate referencing
and in-text referencing
throughout the
document. Uses
relevant and credible
sources. Shows
evidence of critical
thinking in the selection
and use of sources.
Provides a
comprehensive
reference list and
acknowledges all
sources used.
Credit
65 – 74%
Pass
50 – 64%
Major improvements are
needed in terms of
presentation, formatting
and structure.
An acceptable level of
English with major
improvements required
in terms of clarity,
sequence, spelling and
grammar.
Fail
0 – 49%
Unprofessional
presentation and
formatting with a
structure that does not
flow.
The application of the
English language is
difficult to follow and the
standard of clarity,
sequence, grammar and
spelling is below that
which would be
acceptable by a
professional body.
Overuse of direct
quotes.
Mostly accurate
Some attempts at
referencing and in-text
referencing and in-text
referencing throughout the referencing. Uses some No attempt at referencing
document. Uses adequate relevant sources, but the or in-text referencing.
Uses irrelevant or
and relevant sources.
quality and credibility
uncredible sources.
Demonstrates some
may be questionable.
understanding of the
Shows limited evidence Demonstrates lack of
sources used in the
of critical thinking in the understanding of the
sources used in the
document. Provides a
selection and use of
document. Does not
reference list and
sources. Provides a
provide a reference list or
acknowledges most
reference list but may
acknowledge sources
sources used in the
not acknowledge all
used.
document.
sources used.
TOTAL MARKS (out of 25 marks)
ACC302
page 6
Mark
Awarded
(out of 4)
Case Study
/4
ACC302 Video Presentation rubric:15%
Components
High Distinction
85 – 100%
Distinction
75 – 84%
Credit
65 – 74%
Pass
50 – 64%
Fail
0 – 49%
Language and
presentation
(delivery)
• Structure of
sentences and
paragraphs
• Vocabulary
• Pronunciation
• Evidence of
rehearsal
• Nonverbal
communication
• Use of notes
Sentences are well
structured, varied, clear
and designed to
complement the
content. Pronunciation
is flawless.
Vocabulary is
professional,
appropriate and
extensive.
The main points and
new technical terms
are clearly described
and/or explained.
The presenter appears
fully rehearsed and
well-prepared.
The presenter uses
facial expressions, eye
contact, paralinguistic,
vocalic, gesture,
posture and clothing to
appear confident and
positive.
Presenter uses
effective
strategies to engage
the audience and
clearly communicate
with them.
Sentences are
mainly wellstructured and clear
Few errors in
pronunciation.
Vocabulary is
professional and
appropriate.
Sentences are
mainly wellstructured and
clear with a few
errors which
compromise
meaning. Some
errors in
pronunciation.
Vocabulary is
appropriate.
Sentences are
mainly wellstructured. Some
errors in
pronunciation.
Vocabulary is
adequate.
The main points
and new technical
terms are clearly
described and/or
explained, with
some exceptions
presenter appears
somewhat
rehearsed
Presenter attempts
to use appropriate
facial expressions,
eye contact,
paralinguistic,
vocalic, gesture,
posture and
clothing.
Presenter attempts
to use some
strategies to
engage the
audience.
Sentences are
poorly
structured.
Many errors in
pronunciation.
Vocabulary is
inadequate.
The main points and
new technical terms
are not clearly
described and/or
explained. The
presenter does not
appear wellrehearsed
The presenter’s
nonverbal
communication
detracts from the
presentation.
The presenter does
not use strategies to
engage the audience
and communicate
with them.
The presenter reads
the presentation
directly from notes.
(5 marks)
ACC302
The main points and
new technical terms
are clearly described
and/or explained,
with few exceptions
The presenter
appears
rehearsed and
well-prepared.
The presenter uses
facial expressions,
eye contact,
paralinguistic,
vocalic, gesture,
posture and clothing
well, with minor
exceptions.
The main points
and new
technical terms
are described,
with few
exceptions
The presenter
appears
rehearsed and
prepared
for most of the
presentation.
The presenter
uses facial
expressions,
eye contact,
paralinguistic,
vocalic, gesture,
posture and
clothing well,
with some
exceptions
page 7
Case Study
Mark
Awarded
/5
Visual aids
Presentation of slides –
language, format, graphics
(5 Marks)
ACC302
Grammar, spelling and
punctuation are
flawless.
In-text referencing and
reference list format
correct.
Titles and headings
accurately describe the
contents.
Text bullet pointed and
brief (no more than 6
points on a slide)
Graphics are
appropriate,
labelled and used
effectively
Fonts and colours are
effective and
appropriate
and adhere to
conventions (eg no
more than three
colours and readable
fonts)
Referencing correct.
Grammar, spelling
and
punctuation have
few
errors
In-text referencing
and
reference list format
correct, with minor
errors.
Titles and headings
accurately describe
the
contents in most
cases
Text bullet-pointed
and
brief with some
overuse
of blocks of text.
Graphics are
appropriate
and labelled.
Fonts and colours
are
effective and
appropriate
Referencing correct
with minor errors
Grammar,
spelling and
punctuation
have few
errors
In-text
referencing and
reference list
format
correct, with
minor errors
Titles and
headings
accurately
describe the
contents in most
cases
Text bullet
pointed and
brief with some
overuse
of blocks of text
Graphics are
appropriate
and labelled
Fonts and
colours are
effective and
appropriate
Referencing
correct with
some errors
page 8
Grammar, spelling
and
punctuation have
some
errors
In-text referencing
and
reference list
format
correct, with some
errors
Titles and headings
accurately describe
the
contents with
several
exceptions
Text often
presented in
blocks
Graphics are
mainly
appropriate and
labelled
Fonts and colours
are not
always effective
and
appropriate
Many errors in
grammar,
spelling and
punctuation
In-text referencing
and
reference list format
incorrect or omitted –
evidence of
plagiarism.
Titles and headings
do
not accurately
describe
the contents
Text not summarised,
presented in large,
unreadable blocks
Graphics are not
appropriate and
labelled.
Fonts and colours
are not
effective and
appropriate.
No referencing.
Case Study
/5
Content and structure
Introduction,
discussion and
conclusion
Audience awareness
(5 Marks)
Introduction includes
effective background,
purpose and overview
and catches audience
attention.
Discussion develops a
clear, logical argument
or description.
Conclusion accurately
summarises the
presentation and ends
on a meaningful,
thought provoking note
Content demonstrates
audience awareness.
Introduction includes
Introduction
Introduction includes
effective background,
includes
some aspects of
purpose and overview
background,
background,
Discussion develops
purpose
purpose and
a
and overview.
overview.
clear, logical
Discussion
Discussion
develops a clear
develops a clear
argument or
argument or
argument or
description
description.
description.
Conclusion accurately
Conclusion
Conclusion
summarises the
summarises the
summarises the
presentation
presentation.
presentation.
Content demonstrates
Content
Content
audience awareness
demonstrates
demonstrates
with few exceptions
audience
audience
awareness
with
awareness with
some significant
some exceptions.
exceptions.
Introduction does not
provide essential
information on topic,
e.g. overview.
Discussion is not
logically structured.
Conclusion brief or
omitted.
Content does not
demonstrate
audience awareness.
Presentation is not
appropriately
structured and does
not meet audience
information needs.
TOTAL MARKS (out of 15 marks)
ACC302
page 9
Case Study
/5
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