BUACC5935 Auditing and Assurance Service Assignment

BUACC5935 Auditing and Assurance Service Assignment

BUACC5935 Auditing and Assurance Service Assignment

Assignment

Shows how knowledge and understanding of the auditor’s responsibility connected to fraud, probing for details, maintaining a clear perspective and understanding the big picture are essential to effective auditing

You need to complete this assessment in the word limit of 2000 words.

Assessment Criteria:

In this assignment, Student work will usually be evaluated in terms of the following criteria:

1. Usefulness of communication – for example, legibility, grammar, readability, neatness, spelling, presentation, and wholeness will be an at least threshold needs for entirely written work submitted for assessment.

2. Established understanding - This will be verified by the student's capability to be dialectical in the conversation of contentious problems.

Question 1.

Enquiries into very many received tenets and commonly presumed truths, also known simply as Pseudodoxia Epidemica or Vulgar Errors, is a work by Thomas Browne challenging and refuting the 'vulgar' or common errors and superstitions of his age. Browne's three determinants for obtaining truth were first, the authority of past authors, secondly, the act of reason and lastly, empirical experience.

E.J. Merton summarised the ambiguities of Browne's scientific view-point thus

"Here is Browne's scientific point of view in a nutshell. One lobe of his brain wants to study facts and test hypotheses on the basis of them, the other is fascinated by mystic symbols and analogies."

Discus in terms of accounting first and then in relation to auditing

Question 2.

Trust takes years to build, seconds to break, and forever to fix.

What does this say about the auditor/management relationship?

Question 3.

This is Martin Shkreli

Who is he and what does his story tell us about corporations, shareholders, accounting and auditing – if anything.

Question 4.


“If I had eight hours to chop down a tree, I’d spend six hours sharpening my

ax.”

Abraham Lincoln

What does this mean in the context of auditing and auditors?

Various challenges students may face while completing this assessment:

Students may face several problems while attempting these auditing assessments such as complex process, make appropriate references, etc. by taking help and guidance in their assessments from our experienced and professional accounting experts, students can achieve best grades and excel their academic career.