Assignment
This Group Assignment has two components. It consists of a maximum 1,500 words for the written component and a maximum 10-minute presentation during an assigned seminar.
Each group is required to submit a hard copy of the written component at the commencement of the seminar in which you are scheduled to present and submit a copy through Turnitin.
Each team member is required to present in the assigned seminar. You are advised to read the instructions carefully and the applicable auditing concept/theory before answering the questions in the presentation and written component.
The marking rubrics for this assignment and the presentation are included on Blackboard. Note that the 20 marks will be split up as follow:
i. Part 1 - As soon as possible seek the advice from and consult with your lecturer should there be an issue within or with your group; and
ii. Part 2 - Each presenter will be marked according to their presentation/communication skills. Should a team member be absent on the day of the presentation, no marks will be awarded to the absent member.
Check with your lecturer if you are not clear with any of the above instructions.
Assignment Question
Audit planning is one of the most demanding and important aspects of an external audit. Auditors summarise client and industry background information and discuss important accounting and auditing issues related to the client's financial statements. Your assignment is to find and document information for inclusion at the audit planning stage.
Obtain the necessary information by downloading one of the public company's most recent annual report from its website (you are to select one from the list below) or other sources of information.
i. Written Component
Address the following matters in your response:
Part 1 - you are to complete the information asked for in Attachment 1. A copy of the sample answer is provided to your Audit Manager.
Part 2 - you are to complete the information asked for in Attachment 2. Copies of a guide on how to answer this and a sample answer are provided to your Audit Manager.
ii. Presentation
Each member of the audit team will be required to present Part 1 and Part 2 at the start of an assigned seminar.
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Commencing Week
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Group No.
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Company
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9
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1
2
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TPG Telecom Limited (TPM) M2 Group Limited (MTU)
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9
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3
4
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Beach Energy Limited (BPT) Origin Energy Limited (ORG)
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10
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5
6
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Codan Limited (CDA)
Netcomm Wireless Limited (NTC)
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10
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7
8
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Premier Investments Limited (PMV) Billabong International Limited (BBG)
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11
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9
10
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Westpac Banking Corporation (WBC) Auswide Bank Limited (ABA)
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11
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11
12
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Newcrest Mining Limited (NCM) Rio Tinto Limited (RIO)
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12
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13
14
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Metcash Limited (MTS) Woolworths Limited (WOW)
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12
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15
16
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Crown Resorts Limited (CWN) Tabcorp Holdings Limited (TAH)
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Attachment:- template.rar