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ACCT3708 -Auditing And Assurance Services

tag 0 Download 12 Pages / 2,924 Words tag 17-11-2020

Question:

The new auditing standard ASA701 Communicating Key Audit Mattersin the Independent Auditor’s Report is developed in the wake of the global financial crisis. This development is in response to calls from shareholdersto know more about the companiesthey invest in. Further, investors have also requested earlier warnings of potential issues that may exist with respect to anbentity’s ability to continue as a Going Concern which resulted in the revision of ASA 570 (ISA 570) Going Concern.

Students are required to research into the rationale for the new auditing standard ASA 701, explain clearly what it is and select an industry, eg. banking, mining, etc and analyse Key Audit Matters in the Independent Auditor’s reports of all companies in that industry in ASX Top 100 listed companies as part of your evaluation of this new standard.

Required

Using reference materials available on the internet, research the topic and prepare a report, fully referenced (including the Annual Reports of companies selected for your assignment). 

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Total 12 pages

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My Assignment Help. (2020). Auditing And Assurance Services. Retrieved from https://myassignmenthelp.com/free-samples/acct3708-auditing-and-assurance-services/auditing-standard.html.

My Assignment Help (2020) Auditing And Assurance Services [Online]. Available from: https://myassignmenthelp.com/free-samples/acct3708-auditing-and-assurance-services/auditing-standard.html
[Accessed 11 August 2022].

My Assignment Help. 'Auditing And Assurance Services' (My Assignment Help, 2020) <https://myassignmenthelp.com/free-samples/acct3708-auditing-and-assurance-services/auditing-standard.html> accessed 11 August 2022.

My Assignment Help. Auditing And Assurance Services [Internet]. My Assignment Help. 2020 [cited 11 August 2022]. Available from: https://myassignmenthelp.com/free-samples/acct3708-auditing-and-assurance-services/auditing-standard.html.


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