Auditing- Research report
Auditing- Research report
Case study
The Chief Executive Officer (CEO) of Australian Stock Exchange (ASX) has ordered an investigation into Virgin Australias major causes and consequences of its near collapse & turnaround. For this purpose, you are a member of this investigation team and need to submit an individual written report of your SUB-TASK to the CEO.
Individual Case Study Assignment
Required:
You need to investigate the facts of the near collapse & turnaround of Virgin Australia by using risk-based auditing approach, auditing concepts, auditing standards, case laws and other information learnt in this unit, and report on its major causes and consequences (SUB-TASKS) as listed below:
Flawed business strategy, and failure of mitigating business risks
Negligence of directors & officers and non-compliance of laws
Internal control omission, fraud and computer manipulation
Going concern issues and mitigation factors
Report structure
Please ensure that the individual written report on an allocated sub-task has the following six (6) main headings in its structure. Marks will be given specific to these main headings as per the Marking Criteria below:
Executive Summary
Introduction
Methodology
Findings
Implications of findings
Conclusions and recommendations
Marking Criteria
The Marking Criteria for the individual written report on an allocated sub-task is:
Report Conventions : 5.0 Marks
Executive Summary
Introduction
Research : 5.0 Marks
Methodology
Findings
Application : 5.0 Marks
Implications of findings
Conclusions and recommendations
Written Communication Skills : 5.0 Marks
Total : 20.0 Marks
Resources
Australian Auditing Standards Auditing & Assurance Standards Board Australian Government:
https://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspxAuditing assurance & ethics handbook 2023 by Charted Accountants Australia & New Zealand
Use websites, articles, books and Journals. Make sure the resources used are Credible.
Word limit:12 pages (+/- 2 pages) in a Word format using Ariel 12pt font 1.5,
Please Include: (data, tables, graphs and diagrams) and references.
