Auditing Week 1 Assignment
1.26 Value of auditing
Would you obtain an audit for this company? Explain the reasons for your decision.
1.27 Expectation gap
Discuss the views of the audit partner.
1.28 Independence and reliability
Based on the series of accounting crises and corporate collapses in the early 2000s, discuss the importance of maintaining independence (and reliability) by an auditor. What do you think of the above comment?
2.22 audit committees
Discuss the work of the audit committee in enhancing corporate governance. Refer to specific examples-choose some large companies and access information from their websites.
2.24 Madoff ’s scheme
Evaluate the case from an audit point of view, highlighting possible risks for an investor and a fund manager who might be attracted to such a scheme.