In this assignment, you will work in a group of three members to conduct industry research on
Question:
In this assignment, you will work in a group of three members to conduct industry research on the following topic: For decades, audit quality has been placed on the regulatory agenda in many countries such as The U.S., UK, and Australia, etc. In particular, Australia’s Federal Treasury has released a discussion paper named Audit Quality in Australia, a Strategic Review. This document has once again stressed the importance of the audit function in financial reporting and its efficient functioning in capital markets and its impact on cost of capital. In reviewing audit quality, the discussion paper examined various ‘drivers’ of audit quality: the regulatory framework; audit review processes; audit firm arrangements and processes; the reliability and usefulness of audit reporting; and other factors outside the control of auditors that affect ‘audit quality’.
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Your group is required to write a report to
( REQUIRED- executive summary, table of content, introduction, main body, reccomendation and conclusions) 2000 words of report |
Research expectation:
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