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P23001 Auditing Theory and Practice

Question

Answered

Task:

Write an essay of 1,500 words long (Note: +10% is permitted but the essay should not be less than 1,500 words which is the minimum):
 
Required

Read the above Bloomberg article. In the context of Autonomy Corp., identify and explain the threats to independence faced by its auditors, Deloitte which might have impaired their objectivity and professional scepticism, resulting in the audit failure. Critically discuss the extent that external auditors are truly independent from their clients.

Reading and References – Your assignment should be supported by an appropriate number of academic references, as well as references to technical literature such as ISA’s and other regulatory references. Please indicate all references clearly in your assignment.

Recommended Format

Introduction – You need state the purpose of the report, i.e. identify that the report is a critical discussion of the extent that external auditors are truly independent from their clients.

Literature Review – Provides an in-depth review and current issues pertaining to ISA 200, specifically on auditor’s independence and professional scepticism. Highlight latest developments or recent case studies illustrating the concepts or principles, for example the new regulations under the EU Audit Reform.

Please ensure that the references are appropriately cited and presented in the references list. Analysis of Potential threats to independence and objectivity – Critically analyse the current threats to independence, which also hamper professional scepticism in today’s auditing industry, which has already been subject to more intense scrutiny with tighter regulations implemented. Quote relevant case studies and examples to support your arguments.  

P23001 Auditing Theory and Practice

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ACCT5015 Applied Corporate Governance and Auditing

Question: Task: You have been allocated an Australian Listed company, Vanguard FTSE Europe Shares ETF Company. Critically analyse the current corporate governance / ethics practices by the company in light of the corporate governance practices recommended by Australian Securities Exchange Corpo ...

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ACCT 3005 Auditing Theory and Practice

Question: Company Profile Afterpay Limited (abbreviated as Afterpay or APT, formally known as Afterpay Touch Group Limited) is an company operating in the, Australia and Afterpay and Touchcorp merged in June to form Afterpay Touch Group. Afterpay was founded in by Nick Molnar ...

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