In addition to the Submission Guidelines appearing on page 1, the assignment is to be completed individually. The submission into the specific assignment drop box in Moodle is to be made by each student individually.

This assignment is comprised is a single academic paper discussing a case, and is marked out of 50 marks and scaled back to 20%.

The marking rubric below sets out the requirements:

Principally you will be marked on five components:

1. Critically examine what happened at Western Desert Resources, including who held primary responsibility for the shambles. (10 marks)
2. Who was the auditor, and explain whether they should have issued an unqualified report? (10 marks)
3. Examine in detail the key legal issues. (10 marks)
4. Discuss critically the key ethical issues. (10 marks)
5. Format, Presentation Quality and Demonstration of Research (10 marks)

As mentioned above, the assessment should be presented in an academic paper format.

A key aspect in your choice of format/layout should be to ensure you impart your key messages effectively (i.e., complete the requirements) and efficiently (i.e., it should be succinct and take into account the word limit).

Make sure all pages are numbered, and the text fits within the margins of your pages. Make sure to include the relevant heading.

Required:

Critically examine the failures of Western Desert Resources Limited and the issues surrounding the failure, and the responsibilities of the Audit Firm in regard to the failure in terms of the above five components.

Answer rating: 100% (QA)

Western Desert Resources Limited failed as a result of a number of different issues The company s primary responsibility for the sh amb les was its decision to go public without adequate due diligence ... View the full answer