StudyHub

The aim of this assessment is to work to evaluate the risks inherent in the financial statements of a public company and its industry (chosen by you but excluding mining and financial sector companies).  You will review the internal control environment and apply analytical review techniques as used by auditors and make conclusions about the effects on auditors’ substantive tests.

Instructions
1.Read the scenario 
a. Scenario: You are a senior auditor in the firm of EA Partners. The firm has decided to take on a new client and has requested you to compile a risk assessment report on the firm, as part of the initial stage of the audit plan and preparation.
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.

2. Write the  report (PART A)

3. Prepare and deliver a report summary as an oral presentation in class on the designated due date 

The assessment has two (2) parts:

Part A Report – case 

1. 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 uncovering the inherent risks 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 you will be handling the audit. 

2. 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.

3. Evaluate the internal control environment of the company to the extent possible using publicly available information and your analytical review.

4. You should use an appropriate format for the report. A letter of transmittal is not required. Although no word limit has been set, the case asks for a concise report. Therefore, other things being equal, the more concisely you can present your results the higher will be your mark.

Part B Presentation – in-class

5. Give a briefing (Oral presentation) to your team about the new client. You should give a professional, but short précis of the report and respond to any questions given by the lecturer and fellow students, who are playing the role of your audit team. 

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

best grade i got thank you for the amazing work you guys are the best the grades are really good

User ID: 3***37 Dubai, United Arab Emirates

thank you so much for that amazing quality and work that’s the best grade I got in this course thank you

User ID: 3***37 Dubai, United Arab Emirates

Decent, done way before the deadline, Which is pretty much what I needed. Thanks for the help. Appreciated

User ID: 8***62 Dubai, United States

impressive woking. teacher was please with how the work was done. i will definiely recoomend this page to others. got 95%

User ID: 7***07 Dubai, Jamaica

exceptional reporting on the topic. my teacher was extremly impressed. keep up the awesome work. 100 on my assignment

User ID: 7***07 Dubai, Jamaica

nice work. teacher and class mate liked my assginment. the prestation was fairly good

User ID: 7***07 Dubai, Jamaica

great work, i would recommend . i got good comments from my tutors. will always come again for help

User ID: 7***07 Dubai, Jamaica

very good very good unexpected assessment done very wellgugfuyhdsdfbsgfcvghvbjhbklihooklnibkhgygyuyuftydf

User ID: 2***90 Brisbane, Australia

Great work thank you very much. Strongly recommended and will definitely ask for my future assignemnts

User ID: 5***63 Brisbane, Canada

very fast, easy to communicate with, clear and easy to understand the assigment when reviewed appreciate

User ID: 7***34 Brisbane, Saudi Arabia

the assignment was done well,i appreciate it.the expert was patience and i think understood the assignment he did a great work there,i would have lov …

User ID: 8***11 United Kingdom, Great Britain

Thanks for the quick re-work on my assignment. Minor edits were perfectly done with the supplied feedback. Although the work hasn’t been graded yet …

User ID: 4***8 Durham, Great Britain

Thank you team, well done everything, nice work , and appreciate what you did. Next assignment fir sure via myassignmenthelp.com

User ID: 7***18 Dubai, United Arab Emirates

Well done team, thank you for the support I appreciate your hard work Sure as always next order will send via you

User ID: 7***18 Dubai, United Arab Emirates

Thanks I got good grade which is good enough for me to pass the course Thanks again

User ID: 7***41 Dubai, Canada

great assignment and thanks to the team as they have done what i have asked them thanks again

User ID: 2***88 Fairfield, Australia

Soo, good. relly satisfied. thank you so much. I received it earlier than my due date time, and the writer did a really great job.

User ID: 6***39 Fairfield, United States

Wonderful guys.. I got a A+ Thanks for going the extra mile to ensure there were no plagirarism.

User ID: 8***17 Kingston, Jamaica

It’s good article, and I hope another time focus about the grammar. But finally it is great article

User ID: 1***67 Westlake, United States

Good service; assignment was competed as per requirements and within the due date/time. Would use again. Prompt feedback response etc.

User ID: 2***50 Kitchener, Canada