New

Connect on Whatsapp : +97143393999 , Uninterrupted Access, 24x7 Availability, 100% Confidential. Connect Now

Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
loader
Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

2FE878 Auditing

tag 0 Download 12 Pages / 2,893 Words tag 21-11-2020
  • Course Code: 2FE878
  • University: Uppsala University
    icon

    MyAssignmentHelp.com is not sponsored or endorsed by this college or university

  • Country: Sweden

Question:

Part 1

Research on ‘Big 4’ and ‘non-Big 4’ audit firms (24 marks; i.e., no more than 1200 words) Audit firms are categorized in a number of ways; the two most common being the international ‘Big 4’ audit firms and the ‘non-Big 4’ (or mid-tier) audit firms.

The Big 4 audit firms are;

  • Price Waterhouse Coopers (PwC),
  • Ernst and Young (EY),
  • KPMG, and
  • Deloitte

Most audit firms maintain a website that explains the services offered by the firm and provides resources to their clients and other interested parties. The services offered by most firms include both audit and non-audit services. Required Find the websites for:

(a) a ‘Big 4’ audit firm and

 (b) a ‘non-Big 4/mid-tier’ audit firm.

Present a ‘business report’ that addresses the following two requirements; (a) Compares your two audit firms on the following ten characteristics: (20 marks; i.e., no more than 1000 words)

  1. Range of services provided.
  2. Geographic coverage (i.e. where their offices are located).
  3. Number of staff and special skills offered.
  4. Industries in which they claim specialisation/expertise.
  5. Publications and other materials provided to their clients or the general public.
  6. Key marketing message(s).
  7. A topic of your choice No. 1.
  8. A topic of your choice No. 2.
  9. A topic of your choice No. 3.
  10. A topic of your choice No. 4.

Note, to find four ‘topics of your choice’, you will need to look-up (at least) four articles published in ‘professional’ and/or ‘academic’ accounting/auditing journals that have examined differences between ‘Big 4’ and ‘non-Big 4’ audit firms. These articles (reference sources) must be cited in your responses, and listed appropriately at the end in a reference list using APA referencing style. (b) Makes a recommendation on which audit firm your group would prefer to work for and why. Your explanation must refer to the material presented in Part 1 (a). If the recommendation of your group is ‘undecided’, then explain why, again, referring to the material presented in Part 1 (a). (4 marks; i.e., no more than 200 words)

Part 2

Research on Arthur Andersen/Enron (12 marks; no more than 600 words) In 2002, the audit firm Arthur Andersen (one of the then ‘Big 5’ audit firms!) collapsed following charges brought against it in the United States relating to the failure of its client, Enron. Some other clients announced that they would be dismissing Arthur Andersen as their auditor even before it was clear that Arthur Andersen would not survive. Required (a) Using any two of the three theories outlined in Gay and Simnett (2015, Chapter 1, pages 20-21)) (i.e., the prescribed textbook) on the demand for assurance ((i) Agency Theory, (ii) Information hypothesis, and (iii) Insurance hypothesis), explain some reasons why these clients took this action. (2 x 4 marks = 8 marks; i.e., no more than 400 words) (b) Present an argument of why a similar event is not likely to happen again. Your discussion should be (i) in context of what went wrong with Arthur Anderson/Enron and (ii) make specific references to how regulations and auditing standards have changed since the collapse of Arthur Andersen. (4 marks; i.e., no more than 200 words)

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Upload
Unique Document

Document
Under Evaluation

Get Money
into Your Wallet

Total 12 pages

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2020). Auditing. Retrieved from https://myassignmenthelp.com/free-samples/2fe878-auditing/geographical-coveragehtml.

My Assignment Help (2020) Auditing [Online]. Available from: https://myassignmenthelp.com/free-samples/2fe878-auditing/geographical-coveragehtml
[Accessed 18 August 2022].

My Assignment Help. 'Auditing' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/2fe878-auditing/geographical-coveragehtml> accessed 18 August 2022.

My Assignment Help. Auditing [Internet]. My Assignment Help. 2020 [cited 18 August 2022]. Available from: https://myassignmenthelp.com/free-samples/2fe878-auditing/geographical-coveragehtml.


We Can Help!

Get top notch assistance from our best tutors !
Excel in your academics & career in one easy click!

icon

Other Samples

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

icon

5% Cashback

On APP - grab it while it lasts!

Download app now (or) Scan the QR code

*Offer eligible for first 3 orders ordered through app!

screener
ribbon
callback request mobile
Have any Query?