Requirements :

1. critically evaluate the demand for audit and assurance services within Australia and worldwide.

2. assess the regulatory ethical and professional requirements applicable to assurance services.

3. apply critical thinking, problem-solving and communication skills to resolve ethical dilemmas and professional issues faced by audit practitioners.

Tips to consider :

1. Collect evidence from multiple sources.

2. Consider different perspectives.

3. Include examples and real numbers.

4. Make sure the information is correct and up to date. 5. Demonstrate international perspectives.

Questions

1. What is the meaning of Big 4 dominance?

2. Why do regulators concern about Big 4 dominance and audit market competition?

3. What are the costs and benefits of high Big 4 dominance and audit market competition?

4. Any research evidence supporting high or low Big 4 dominance and audit market competition?

5. How is the level of Big 4 dominance and audit market competition in Australia and other countries?

6. What potential solutions have been proposed by regulators in Australia and other countries?

7. Any research evidence supporting the effectiveness of the proposed solutions?

8. How do Big 4 dominance and intense audit market competition affect the demand for audit and assurance services in Australia and worldwide?