Auditing Scenario

3102AFE AUDITING

TRIMESTER 1 2017

GROUP ASSIGNMENT

INSTRUCTIONS TO STUDENTS

Assignment Due Date: Tuesday 9th May at 4.00pm

Weighting: 20%.

1. This is a group assignment with a minimum of 3 and maximum of 5 members. Students form their own groups. Students register into their self-formed groups via the link on L@G in the ‘Assessment’ folder

2. The submission must be typed.

3. All ratios are to be rounded to 3 decimal places.

4. The formulae used to compute the ratios should be provided in an appendix.

5. For part (B), your answer should focus only on inherent risks and you should justify why and how they are inherent risks and how and why they could affect the financial statements. (1 mark is allocated to identify the inherent risks and 4 marks allocated to the explanation).

6. Submission of the assignment- the assignment is to be submitted THROUGH SAFE ASSIGN at Learning@Griffith under the ASSESSMENT folder where it says: ‘This is the Link where you will submit your Group Research Assignment’. In order to create only one Word file (Safe Assign does not accept pdf files), students need to copy and paste the Group assignment cover sheet.