The individual assignment aims to give you an understanding of real-life auditing issues and an appreciation of
Question:
The individual assignment aims to give you an understanding of real-life auditing issues and an appreciation of the link between theory and practice. It further aims to foster your research, critical analysis and communication skills. Your essay should cover the following:
The WorldCom collapse in the USA raised several issues with regard to Auditor Independence.
a). discuss three audit issues (such as independence, due diligence and valuation) that arose during the WorldCom collapse.
b) critically discuss the relevance (if any) of the developments following WorldCom (for example the Sarbanes-Oxley Act) to Australian Auditors. Students must reference at least 8 academic journals (and 2 or more newspaper or professional accounting magazine articles), applicable audit standard(s). Students should also identify any other standards or references to the Code of Ethics for Professional Accountants, which should have enabled the auditor(s) to identify and address the problems in the WorldCom Audit. Less than 10 references will be considered insufficient.
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling