BFA713 Audit & Assurance - Assessment Task 1

Assessment Task 1

PART A
Select ONE recommendation out of the three listed above and explain in your own words why the recommendation might be of regulatory concern.

• - In answering this question, incorporate your understanding of the topic from the initial weeks of the semester. Alternatively, you can also examine additional articles relating to the topic identified in the selected recommendation. (5 marks)

PART B
For the selected recommendation,

1. Identify an article/ paper in a journal relating to the topic covered by the recommendation. Provide a succinct summary of the article.
2. Explain if the findings of the article support/ refute the discussion about the potential effectiveness of the proposed recommendation.

• - When discussing the articles, avoid detailed explanations referring to the motivation and research design sections. Focus should be on the motivation and findings of the article.
• - The article should be from a journal ranked A*/ A according to the ABDC rankings. Access to the journal rankings can be found from the following link:
  https://abdc.edu.au/research/abdcjournal-quality-list/
• - The article should have been published during the last five years (2017 to 2021 inclusive). (10 marks)

PART C
Provide potential suggestions on the implementation aspect of the recommendation in the Australian audit context, with an example.

• - In answering this question, avoid repeating recommendations proposed by the journals selected in Part B. Recommendations will be assessed on their practicality. (5 marks)