ACCOUNTING & FINANCE

RESIT INDIVIDUAL ASSIGNMENT BRIEF                                  

INSTRUCTIONS FOR COURSEWORK – RESIT INDIVIDUAL COURSEWORK

 You are required to research and prepare an individual report based on the following topic.  Please seek the assistance of the module leader Ivor Pingue for help and guidance with your coursework. Do not leave the research too late!!

The word limit for the report is a minimum of 2,000 words with a maximum word count of 2,200 words.

 Note: reports submitted with less than 1,800 words will be returned for re submission and in this case it might be recorded as submitted late.

Reports must indicate the word count and any report that does not include this will be returned and might be marked as submitted late.

All reports must be properly referenced in Harvard format and also be submitted with a TURNITIN report. NOTE that high similarity reports could be subject to further investigation which might lead to a charge of academic misconduct for plagiarism.

 COURSEWORK TOPIC

The whole question of the quality of the statutory audit process in the UK has been under regulatory and public scrutiny for a number of years.

Commentators have suggested that “in the UK, audit as a concept is largely defined through a collection of prescriptive standards under which the statutory audit of financial statements is carried out”

Another commentator has suggested that “audit is not broken, but it has lost its way, and all the actors in the audit process bear some measure of responsibility”

In 2019 in answer to the growing concern about the audit process and the audit profession, the Secretary of State for Business, Energy and Industrial Strategy (‘BEIS’) commissioned a review to be undertaken by Sir Donald Brydon.

The Brydon review was published in December 2019 and is available on the Moodle site.

REQUIRED:

 You are to read the Brydon report and identify FIVE key recommendations critically evaluating each of them.

Discuss the concept of ‘expectation gap’ as applied to external auditing and state whether, in your opinion, the FIVE recommendations that you have identified in section 1 above will have an impact on the expectation gap phenomena.

 AUDIT & ASSURANCE (BAAF)

INDIVIDUAL COURSEWORK MARKSHEET

STUDENT NUMBER

STUDENT NAME:

ASSIGNMENT TOPIC:

CRITERIA	MARKS AVAILABLE	MARKS AWARDED	COMMENTS
PRESENTATION –       Format (5 marks) –       Spelling(5 marks) –       Grammar (5 marks)	15	Format- Spelling- Grammar-
RELEVANCE OF RESEARCH	20
RELEVANCE OF CONTENT: –       ORIGINALITY OF APPROACH (20 marks) –       ARGUMENTS PUT FORWARD(20 marks)   –       CONCLUSION(S) REACHED (15 marks)	55	Originality –   Arguments –   Conclusions –
BIBLIOGRAPHY / REFERENCING LINKED TO TURNITIN REPORT	10
TOTAL	100

SIGNED (1^st Marker)       SIGNED (2^nd Marker)              DATE: