The assignment must be completed as an individual assignment. There is a specific writing style and required to write an executive report. Word limit is 1500 words. Please do not repeat the question in your answer, and simply provide the answer. Students are not allowed to either directly or indirectly contact the companies for which annual reports are used in this assignment. Students are also not allowed to contact analysts directly or indirectly to gather information and/or advice about this assignment. Students must base their analyses purely on the information that is provided on the company’s website and/or on the Australian Stock Exchange. Retain a copy of your assignment for your records. Don’t: • Spend time unnecessarily paraphrasing any information provided in the course material and textbooks. • Just simply identify and mention the issue. You need to elaborate on it, explain exactly what you mean and justify your arguments with the help of literature where appropriate. Allocation of marks Please use the rubrics as a guideline for how marks will be allocated. You will note that marks are allocated for referencing as it is expected that you do research in this assignment. If you choose to support your answer with using the work of others, please ensure that you use the correct referencing style (APA referencing style) as stated in the subject outline. Formatting Please keep in mind that marking is done in soft copy, hence allocating marks for the formatting. To obtain these marks, ensure you comply with the following: • Font: Times New Roman, 12 point, 1.5 line spacing • Document submitted onto Learn JCU must be in Word format, allowing the marker to use track-changes to provide comments and indicate where you received marks. Please do not submit a pdf document or copy from another source such as for example include screen shots of calculations done in excel. The track-changes function cannot be used to do the marking in these and hence only information created in Word will be marked. • Page: portrait orientation • Footer: Your full name and student ID, page number and number of pages (i.e. Pat Bird s0123456, page 1 of 3) • Marking criteria sheet is completed and attached as the first page of the assignment. Please note: Marks are allocated for complying with formatting and submission requirements. Plagiarism Work submitted by a student that is the work of another person with no referencing or acknowledgement is considered to be plagiarism. If plagiarism is suspected, your assignment and results will be withheld and a Plagiarism Incident Report (PIR) lodged. You will then receive notification from the University with details of the necessary course of action. Submission requirements You must submit your assignment Word document electronically through the secure upload facility in the Learn JCU. Do not email your assignment to your lecturer or the Course Coordinator. Please ensure you add your student name and your student ID in the Rubrics and ensure that it is the FIRST page of your assignment. Word limit is 1500 words. Also ensure you include your student ID and name in the file name when you save the document, and ensure that you include the appropriate .doc or .docx at the end. For example, save your file name as: Pat Bird s0123456.docx. Also a hard copy of the final report should be handed in to the lecturer at the next face-to-face contact. Assignment question Scenario: You are a senior auditor in the firm of NY Partners. The firm has decided to take on a new client and has requested you to compile a report on the firm, as part of the initial stage of the audit planning. You are to undertake the analysis because you are familiar with the industry in which the firm is situated and your fellow seniors believe this will give you an advantage when planning the audit of the new client. Your fellow seniors look forward to reading your report. After you have given your report to the other seniors, they decide that your team will be handling the audit. The main purpose of the assignment is to give a briefing to your team about four major steps in planning the new client’s audit (1.Accept the client and perform initial audit planning, 2.Understand the client’s business and industry, 3.Assess client business risk and 4.Perform preliminary analytical procedures). Task: Chose a company which is listed under the Australian securities exchange (ASX) to analyse. (Remember that you are not permitted to choose JB Hi-Fi Ltd, West-farmers Ltd, Woolworth Ltd and Qantas Ltd) You are required to build an assessment of the new firm using any research means at your disposal; however you should include in your research information released by the media (news, newspapers, and industry magazines), academic information, and a comprehensive ratio analysis with industry comparisons. Please use the figures provided in the most recent annual reports. After you have uncovered the relevant factors in relation to four major steps in planning the audit (1.Accept the client and perform initial audit planning, 2.Understand the client’s business and industry, 3.Assess client business risk and 4.Perform preliminary analytical procedures), you are required to suggest suitable audit tests which you should perform when handling the audit and collecting evidence. The report should be concise and need to use the executive report format to attract 25% of marks. Word limit is 1500 words. Important: You may not approach any employee or manager of any business and speak to them. You may not represent to an employee or manager that you are undertaking research for any institution, including James Cook University. Further comments: Remember to describe your industry and the firm to which the report relates. All sections should refer to the appropriate standards, and standard paragraphs. The standards should be integrated into the document in a cohesive way. You should use the executive report format for the report. A letter of transmittal is not required. Word limit is 1500 words. APA referencing style should be used. All sections must be completed by the due date given in section 1.3 of this subject outline (Thursday of Week 8 [11:45pm [AEST] 14 September 2017]) and uploaded into Safe Assign. A hard copy of the final report should be handed in to the lecturer at the next face-to-face contact.