Get Instant Help From 5000+ Experts For
question

Writing Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing:Proofread your work by experts and improve grade at Lowest cost

loader
Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

Add File

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Guaranteed Higher Grade!

Essay: Analysis Of False Assurance Video And Quintis Ltd Financial Collapse." (70 Characters)

9 Pages / 2,148 Words Published On: 17-12-2020

This is an individual research assignment that consists of three parts.  In Part A students will review the video False Assurance and answer the questions in Part A below.  In Part B, students will apply those learning’s to the financial collapse of Quintis Ltd (ASX:QIN). A conclusion that summarises what has been learned is to be completed in Part C.  The False Assurance video is available on RMIT Canvas under Assessments.

Part A

Watch the video False Assurance and answer the following questions:

  1. Summarise the key issues associated with the fraud
  2. Identify three fraud symptoms that should have alerted TYSL and D-Merton’s Board to the fraud.
  3. Summarise the responsibilities of both D-Merton and TYSL with regard to the finalisation of the financial statements, the audit report and identification of fraud.  

Part B

Through the RMIT Library, ASX and other sources, including a research report by Glaucus Research Group available on Canvas, research the financial collapse of Quintis Ltd, including the potential for fraud and responsibilities of the external auditor, Ernst & Young.  Then answer the following questions:

  1. Summarise the key issues associated with the Quintis Ltd financial collapse.
  2. Based on the analysis by Glaucus Research Group, and other sources you found, describe three potential fraud symptoms that a forensic accountant should investigate further.  What evidence should the accountant seek to obtain to determine whether a fraud has occurred or not?
  3. Review the disclosure of Key Audit Matters (KAMs) by Ernst & Young in their audit report for 2017.  Have these disclosures benefitted shareholders? Should other matters have been disclosed?  
  4. Discuss whether, in your opinion, the auditors have fulfilled their statutory duties with regard to the 2016 and 2017 audits.

Part C

Write an overall conclusion that discusses what you have learned from the case studies and be mindful that written communication skills are also assessed for Parts A and B. See marking Rubric on course guide on RMIT Canvas.

Cite This Work

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

My Assignment Help. (2020). Essay: Analysis Of False Assurance Video And Quintis Ltd Financial Collapse." (70 Characters). Retrieved from https://myassignmenthelp.com/free-samples/acct1111-foundations-in-financial-accounting/key-issues-associated-with-fraud.html.

"Essay: Analysis Of False Assurance Video And Quintis Ltd Financial Collapse." (70 Characters)." My Assignment Help, 2020, https://myassignmenthelp.com/free-samples/acct1111-foundations-in-financial-accounting/key-issues-associated-with-fraud.html.

My Assignment Help (2020) Essay: Analysis Of False Assurance Video And Quintis Ltd Financial Collapse." (70 Characters) [Online]. Available from: https://myassignmenthelp.com/free-samples/acct1111-foundations-in-financial-accounting/key-issues-associated-with-fraud.html
[Accessed 30 September 2023].

My Assignment Help. 'Essay: Analysis Of False Assurance Video And Quintis Ltd Financial Collapse." (70 Characters)' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/acct1111-foundations-in-financial-accounting/key-issues-associated-with-fraud.html> accessed 30 September 2023.

My Assignment Help. Essay: Analysis Of False Assurance Video And Quintis Ltd Financial Collapse." (70 Characters) [Internet]. My Assignment Help. 2020 [cited 30 September 2023]. Available from: https://myassignmenthelp.com/free-samples/acct1111-foundations-in-financial-accounting/key-issues-associated-with-fraud.html.


Stuck on Any Question

Our best expert will help you with the answer of your question with best explanation.

question

Writing: Get your essay and assignment written from scratch by PhD expert

Rewriting: Paraphrase or rewrite your friend's essay with similar meaning at reduced cost

Editing: Proofread your work by experts and improve grade at Lowest cost

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Phone no. Missing!

Enter phone no. to receive critical updates and urgent messages !

loader
250 words
Error goes here

Error goes here

Files Missing!

Please upload all relevant files for quick & complete assistance.

Other Samples
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?
close
Subtraction Payment required!

Only one step away from your solution of order no.