Page 1 Kaplan Business School Assessment Outline 2024 T1
Assessment 3 Information
Subject Code: ACCM4400
Subject Name: Auditing and Assurance
Assessment Title: Case Study
Assessment Type: Individual Written Report and Video Presentation
Word Count: 1800 Words (+/-10%)
Weighting: 40 % (Report 25% and Video Presentation 15%)
Total Marks: 40 (Report 25 and Video Presentation 15)
Submission:
Part A Report via Turnitin on MyKBS and Part B Video Presentation
on MyKBS
Due Date: Tuesday of Week 13 at 19:55 AEST
Your Task
Work individually, as this is not a group assignment. Any work copied or shared between students will result
in a Fail grade for all students concerned.
Part A:
You must complete a report detailing your findings and suggested audit procedures as stated in
Assessment Question for an ASX-listed company. The company's name will be made available to you at
08:00 (AEST) on the Friday of Week 10.
Part B:
Summarise your findings and the suggested Audit procedures in a 5–6-minute video presentation.
Assessment Description
This assessment is designed to test your ability to apply the knowledge gained from ACCM4400 workshops
during the trimester in identifying assertions at risk and developing appropriate audit procedures. This will
be done by analysing available information of an Australian company (from now on referred to as “The
Company”) that is listed on the ASX. The Company's name will be available on the Assessments page of
MyKBS for ACCM4400 on Friday of Week 10, and you must submit your report by 19:55 (AEST) on
Tuesday of Week 13.
Your facilitator will discuss the assessment requirements during Workshop 6 and Workshop 12. Workshop
participants will be divided into groups to discuss the assessment requirements based on a sample case
study. Your facilitator will then give feedback on each group’s responses to applying the questions to the
sample case. The discussions during Workshops 6 and 12 are expected to clarify the expectations and
requirements for performing at a high standard in this assessment.
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Assessment Instructions
Please remember that this is an INDIVIDUAL ASSESSMENT and must be based on The Company,
whose name will be released after the assessment 3 webinar in Week 10.
Learning Objectives:
After completing this assessment, you will be able to:
1) Research information about the selected company (using multiple sources).
2) Address particular areas of the audit process and develop appropriate audit procedures.
3) Develop professional report-writing skills.
Assessment Question:
You participated in a vacation program at a local audit firm during your semester break. During the
vacation program, you assisted an audit senior with planning a medium-sized company, including
developing appropriate substantive audit procedures. You have one more semester to complete your
postgraduate course and have indicated to the audit manager that you would like to work full-time at
the audit firm upon completing your course.
The audit manager has asked you to write a report to determine your suitability as a candidate for a
permanent role in the audit firm. The manager wants to assess your ability to apply the knowledge
you gained to the audit planning process, develop appropriate substantive procedures, and develop
your report writing skills.
You are required to address the following in your report (refer to rubrics on pages 5 & 6 of this
document for a breakdown of marks and achievement criteria by component):
1) Identify 4 business risks of The Company that will increase the risk of material misstatement
(specifically inherent risk) at the assertion level for classes of transactions or account
balances. For each business risk, identify only 1 class of transaction or account balance
(income statement or balance sheet line item), and for each class of transaction/account
balance, please identify the assertion most (only one) at risk of misstatement. You need to
explain why each business risk will lead to a risk of misstatement to the specific class of
transaction/account balance and assertion you have identified.
2) Describe, in detail, the appropriate substantive procedure that will address each class of
transaction or account balance and assertion identified as at risk of material misstatement.
The description of procedures must be detailed enough for someone with limited auditing
knowledge to carry out the procedures correctly.
3) Additional Requirements:
A. Do not use the same combination of account balance/class of transaction and
assertion as used in the sample case study discussed in week 6 and week 12 (Refer
to workshop notes for weeks 6 and 12).
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B. Refrain from repeating the same combination of account balance/class of transaction
and assertion in your answers. For example, if you have identified the existence of
inventory as the assertion and account balance at risk of misstatement for your first
business risk identified, do not use the existence of inventory for the second, third or
fourth business risk. You can identify inventory as at risk but for an assertion other than
existence, or you can identify the existence of a different account balance to be at risk
of misstatement. Remember, though, that whatever account balance/class of
transaction and assertion is identified as at risk of misstatement, you must logically and
convincingly explain why this is the case based on the business risk you have identified.
C. Where the same combination is repeated, marks will not be awarded for requirement 2
(description of appropriate substantive procedures) as the substantive procedure will be
the same.
D. You must include the following in your report:
a) Title page
b) Table of contents
c) Executive summary
d) Introduction
e) Body of the report
f) Conclusion
g) References
E. Use PPT slides or other visual aids during the video presentation, and don’t exceed 6
minutes.
Possible Sources of Information for the assessment may include:
1. The latest annual report of The Company
2. The Company website
3. Announcements on ASX about The Company
4. News articles on The Company
5. Corporate Governance Statements of The Company
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Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating,
plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
• What is academic integrity and misconduct?
• What are the penalties for academic misconduct?
• What are the late penalties?
• How can I appeal my grade?
The answers to these questions can be accessed at https://www.kbs.edu.au/about-us/school-policies.
Length Limits for Assessments
Penalties may be applied for assessment submissions that exceed prescribed limits.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on
the MyKBS Academic Success Centre page. Further details can be accessed at
https://elearning.kbs.edu.au/course/view.php?id=1481
Page 5 Kaplan Business School Assessment Outline 2024 T1
Assessment Marking Guide
It will be released along with the company name in week 10 after the assessment 3 webinar.
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