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MA611- Auditing Assignment

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Assessment Details and Submission Guidelines MA611 Auditing; Assignment [Group]
SchoolBusiness
Course NameMaster of Professional Accounting
Unit CodeMA611
Unit TitleAuditing
Trimester2/2021
Assessment AuthorA/Professor M De Martinis
Assessment TypeAssignment [Group]
Assessment Title 
Unit Learning Outcomes Addressed:a. Explain and apply the principles, practice and process of auditing to practical situations. f. Research, critique, interpret and communicate current and future auditing issues to specialist and non-specialist audiences.
Weight20%
Total Marks20 marks
Word limit2,000 words
Release DateWeek 6
Due DateWeek 10
Submission GuidelinesAll work must be submitted on Moodle by the due date (as above) along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings.  Reference sources must be cited in the text of the Assessment Task, and listed appropriately at the end in a Reference List using APA 6th edition for the School of Business.  https://library.mit.edu.au/referencing/APA
ExtensionIf an extension of time to submit work is required, an Application for Special Consideration and supporting documentation must be submitted online via your Academic Management System (AMS) login: https://online.mit.edu.au/ams.  The Application for Special consideration must be submitted no later than three (3) working days after the due date of the specific piece of assessment or the examination for which you are seeking Special Consideration.  In the case of serious illness, loss or bereavement, hardship or trauma students may be granted special consideration.
Academic Misconduct   Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at:https://www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/AcademicIntegrityPolicyAndProcedure. For further information, please refer to the Academic Integrity Section in your Unit Description.


Assessment Cover Sheet

Student ID Number/s:Student Last name/s:Student First name/s:
   
   
   
   
   
Course: Master of Professional AccoutringSchool: Business
Unit code: MA611Unit title: Auditing
Due date: 24 Sept 2021Date submitted:Campus: Online
Lecturer’s Name: Michael De MartinisTutor: Michael De Martinis
Student Declaration I/We declare and certify that: the work contained in this assessment is my/our own work/group work, except where acknowledgement of sources is made;this assessment has not been submitted previously for academic credit in this or any other course;I/we have read MIT’s Plagiarism and Academic Misconduct Policy and Procedure, and I/we understand the consequences of engaging in plagiarism, collusion and contract cheating; a copy of the original assignment is retained by me/us and that I/we may be required to submit the original assignment to the Lecturer and/or Unit Co-ordinator upon request;   I/we have not plagiarised the work of others or participated in unauthorised collaboration or contract cheating when preparing this assessment.
MIT IDSignatureDate
   
   
   
   
   

For Assessor Use Only (if not marked on Moodle)

Name:Michael De Martinis
PositionLecture/Tutor
Date: 
Signature: 
Marks/Grades: 

Assessment Task Description

In addition to the Submission Guidelines appearing on page 1, the assignment is to be completed by groups of FOUR students. There will be no exception to this requirement, without the permission of the Unit Coordinator. The submission into the specific assignment drop box in Moodle is to made by ONLY one group member.

This assignment is comprised of THREE parts (Part 1, Part 2 and Part 3), worth a total of 20 marks.

  • Part 1: The Impact of COVID-19 on Auditing, worth 12 marks,
  • Part 2: The Impact of COVID-19 on the FUTURE of Auditing, worth 6 marks, and
  • Part 3: Format and Presentation Quality, worth 2 marks.

The first and second parts must be completed and the third part addressed throughout the submission.

Page 1 of your submission MUST be the Assessment Cover Sheet, signed by all group members. The Assessment Cover Sheet is downloadable from the Moodle site, or can be copied and pasted from page 2 of this document.

Part 1: The Impact of COVID-19 on Auditing

(12 marks; up to 1200 words)

Part 2: The Impact of COVID-19 on the FUTURE of Auditing

(6 marks; up to 600 words)

Required

Present a research report’ (see below) that critically examines the impact that COVID-19 (a) is, and (b) will have on auditing.  

In terms of Part 3’s ‘Format and Presentation Quality’ (worth 2 marks out of 20 marks; 10 per cent), your ‘research report’ must have a/an;

(i)      Executive Summary (up to 100 words),

(ii)     Introduction that succinctly outlines the main requirements and your response to Parts 1 and 2 of this assessment task (up to 200 words),

(iii)    Body that specifically addresses the requirements of Part 1 of this assessment task (up to 1200 words),

(iv)   Conclusion that specifically addresses Part 2 of this assessment task (up to 600 words), and

(v)    Reference list containing all cited works.

(iv)   Proper English grammar, appearance.

Part 3: Format and Presentation Quality

(4 marks)

As mentioned above, Part 1 and Part 2 should be presented in a ‘research report’ format.

A key aspect in your group’s choice of format/layout should be to ensure you impart your key messages effectively (i.e., complete the requirements) and efficiently (i.e., it should be succinct and take into account the word limit).

As per the Submission Guidelines on page 1, the report also should be coherent, and so consistency is expected throughout (e.g., formatting, language style, linkages between the parts, page numbering).

Note, groups who split up the requirements and work independently are likely to have more difficulty accomplishing this objective compared to groups who work on each of the parts collaboratively (i.e., as an ‘audit team’). An assignment that has been put together last minute will be obvious to the marker and, therefore, will not earn any marks for this part.

Make sure all pages are numbered, and the text fits within the margins of your pages. Start each part on a new page and start each requirement of a part on a new page, making sure to include the relevant heading.

Marking Criteria:

Assessment criteria are shown in the following table. Marks are allocated as follows:

Assessment criteria to be met and assessedDetailed Description of the Assessment CriteriaBreakdown Marks
Criteria 1 (for Part 1*)Critically examine the impact of COVID-19 on auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.12
Criteria 2 (for Part 2*)Critically examine the impact of COVID-19 on the future of auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.6
Criteria 3 (for Part 3)Format and presentation quality of the business report; including structure, format/ layout, proper English, coherency/consistency.2
Total marks 20

* For Part 1 and Part 2

To obtain 70 percent or more for either of these two parts, there must be evidence of ‘material’ (i.e., quality and quantity) (a) research, (b) analysis and (c) understanding and application of knowledge.

Therefore, and as per the submission guidelines (on the cover sheet to this assessment task document), it is important that all reference sources used are cited in the text of your report and listed appropriately at the end of the report in a reference list using APA referencing style.

Using Technology for Assessment

RationaleActivitiesTechnological tools selected
This assessment task aims to achieve the following unit learning outcomes;   a. Explain and apply the principles, practice and process of auditing to practical situations, through Criteria 1 and 2.   f. Research, critique, interpret and communicate current and future auditing issues to specialist and non-specialist audiences, through Criteria 1 and 2.  These are achieved b; Case study-based learning.Quality and quantity of research. Collaborative writing.Academic Integrity, including avoiding plagiarism.Technological tools include; online Forum on Moodle.Library resources, including data bases.Turnitin.

Marking Rubric for this Assessment Task: for Meaningful Feedback

Marking Rubric Criteria/ GradesHigh Distinction (HD) 80-100%Distinction (D) 70%-79%Credit (C) 60%-69%Pass (P) 50%-59%Fail (N) <50%
Criteria 1 (for Part 1*) (out of 12 marks)Excellent critical examination the impact of COVID-19 on auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Very good critical examination the impact of COVID-19 on auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Good critical examination the impact of COVID-19 on auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Satisfactory critical examination the impact of COVID-19 on auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Unsatisfactory critical examination the impact of COVID-19 on auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.
Criteria 2 (for Part 2*) (out of 6 marks)Excellent critical examination the impact of COVID-19 on the future of auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Very good critical examination the impact of COVID-19 on the future of auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Good critical examination the impact of COVID-19 on the future of auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Satisfactory critical examination the impact of COVID-19 on the future of auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.Unsatisfactory critical examination the impact of COVID-19 on the future of auditing, through demonstrated evidence of; (a) Research, (b) Analysis, and (c) Knowledge – understanding and application.
Criteria 3 (for Part 3) (out of 2 marks)Excellent format and presentation quality of the business report; including structure, format/ layout, proper English, coherency/ consistency.Very good format and presentation quality of the business report; including structure, format/ layout, proper English, coherency/ consistency.Good format and presentation quality of the business report; including structure, format/ layout, proper English, coherency/ consistency.Satisfactory format and presentation quality of the business report; including structure, format/ layout, proper English, coherency/ consistency.Unsatisfactory format and presentation quality of the business report; including structure, format/ layout, proper English, coherency/ consistency.


* For Part 1 and Part 2

To obtain 70 percent or more for either of these two parts, there must be evidence of ‘material’ (i.e., quality and quantity) (a) research, (b) analysis and (c) understanding and application of knowledge.

Therefore, and as per the submission guidelines (on the cover sheet to this assessment task document), it is important that all reference sources used are cited in the text of your report and listed appropriately at the end of the report in a reference list using APA referencing style.

Mark:             /out 20

Overall (Constructive) Feedback

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