ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写
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ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写
La Trobe University ACC3AUD2017s2 Assignment 1/3
ACC3AUD AUDIT ASSIGNMENT- SEMESTER 2, 2017
Department of Accounting
La Trobe University
AUDIT RISK & PLANNING (20% of overall subject assessment)
You are part of the audit team required to prepare a report to the senior partners of your
auditing firm. This report will be used as part of the information provided to the audit team.
You and your colleagues have been assigned to prepare a report based on your research of
Billabong International Limited (Billabong). Assume that this is the first time that the audit
will be conducted by your audit firm, La Trobe Partners. The report must cover the areas
detailed below. This will require extensive research and critical analysis of the annual reports
and any other information that you have obtained.
http://www.billabongbiz.com/phoenix.zhtml?c=154279&p=irol-irhome
In your report you must address the following issues:
1. Provide an overview of the client’s business and industry in which it operates. The
overview must include a discussion on recent developments. (5 marks)
2. What are the significant business and/or audit risks for Billabong? You need to
explain at least FIVE (5) risks. DO NOT DISCUSS THE AUDIT RISK MODEL.
(7.5marks)
3. Referring to the financial statements for 2016
Calculate and comment on the listed ratios below. Your comments must
also include a comparison with the Industry figures.
Ratio Summary Table
Ratio 2015 2016 Industry
I. Current ratio 2
ii. Debt-to-equity ratio 1
iii. Gross Profit Margin 60%
iv. Inventory turnover 4 times
v. Trade Receivables
turnover
6 times
(10 marks)
ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写
La Trobe University ACC3AUD2017s2 Assignment 2/3
4. Material misstatements
Based on your ratio calculations and assessment of the client’s business
and audit risks, identify 5 areas of risk of material misstatement in the
financial statements.
Explain why these particular areas are risky. (7.5 marks)
5. Going concern
Given the financial results and based on the information you have
gathered, is there a potential going concern issue? Explain. (5 marks)
6. Social Responsibility
You have also been requested to research the company’s social
responsibility information and provide a summary in your report. As part
of the audit engagement, would you recommend an external assurance for
the Sustainability Report? Explain.
(5 marks)
Grand total/40 marks
Final mark/20 marks
Submission details
The report must be completed in groups of three (3). Word count: 3000 words
The assignment must be submitted via LMS (Turnitin) by Wednesday September 13, 2017,
5pm.
Presentation Requirements
The assignment must be presented in the following format:
The cover sheet must include the subject code, report title, date, student names,
student ID and workshop details of each student.
Table of contents.
Executive summary.
Main body of the report (This must cover sections 1 to 6 inclusive as outlined above).
Conclusion
References.
La Trobe University ACC3AUD2017s2 Assignment 3/3
The total word count should be 3000 words (additional words are permitted for attachments,
appendices and references). Please use size 12 font; 14 or 16 font may be used for headings
only; double spacing between paragraphs and each page must be numbered.
Please use appropriate references for resources used including accounting and auditing
standards; regulations; and the Corporations Act 2001 etc.
Failure to meet the above format and presentation requirements will incur a 5 mark penalty.
Late Submission
Late submission of the assignment will attract a penalty of 5% of the marks for the assignment
(20) per day according to the University policy. Please refer to the Subject Learning Guide for
details.
ACC3AUD AUDIT ASSIGNMENT 拉筹伯 会计assignment 代写
