Reference no: EM132319901
Auditing and Assurance Services Assignment -
Australia's "big four" accountancy firms should be put under the spotlight of the banking royal commission, according to a British investigative journalist who has written an exposé on their activities overseas (Cannane, 2018).
Required:
Specific: Do you agree or disagree with the above? Discuss your reasons for doing so.
General: Discuss the opportunities and challenges for the Australian auditing profession in the 21st century. You also need to address the recent regulatory attempts to improve the audit quality in Australia.
You need to support your discussion with suitable examples and relevant cases - both recent and past.
Important: In developing your viewpoint, you need to examine the issues raised in the following material. These materials are a good starting point. They include:
- Your textbook.
- Sikka, P., Filling, S.,Liew, P. (2009) "The audit crunch: reforming auditing", Managerial Auditing Journal, Vol. 24 No.2, pp.135 - 155.
- Sikka, P. (2009). Financial crisis and the silence of the auditors. Accounting, Organizations and Society, Vol. 34(6-7), pp. 868-873.
To appreciate the multiple pressures on accountants and auditors, see: Helliar, C., & Bebbington, K. J. (2004). Taking Ethics to Heart. Institute of Chartered Accountants of Scotland.
Please note: while the above reference is 15 years old and UK-based, the issues remain relevant in the Australian context.
Required format: Essay (Around 2500 words).
Attachment:- Assignment Files.rar