分析案例講稿acct6007 group case study report assessment requirements and criteria sem

GroupCaseStudyReportContemporaryIssuesin

BUSINESSGroupGroupCaseStudyReport 15%TheGroupassignmentisbasedonWoolworthsLimitedandisworth15%ofyourtotalgrade.StudentGroupsof5MAXwillbeformedinSeminars(samestream)inWeek4andeachteamwillberequiredtocriticallyyseWOOLWORTHSLimitedFinancialPerformancefromanauditor’s.Therelevant2014AnnualReportisprovidedforstudentsintheAssessmentFolderonBlackboardandstudentsareexpectedtoalsoaccessthe’s’website,mediareleases,interimreports,industryreportsifrelevantetctoassistwiththeirresearch.TheAimoftheGroupCaseStudyReportAssessmentistoteststudents’abilitytointegrateskillslearntinACCT6007ContemporaryIssuesinAuditingandtoyseareal fromtheauditor’sandwithintheframeworkofAustralianAuditingStandards.Thesuccessfulcompletionofthisassessmentrequiresextensiveresearchontheinternalandexternalenvironments,operations,strategiesandysisofWoolworthsLimited2014AnnualReport,currentinterimreports,mediareleasesandotherrelevantinformation-itisagroupresearchproject!InCompletingtheGroupCaseStudyReportAssessmentstudentsareexpectedtodemonstratetheirabilitytocriticallyevaluateinformationprovided,useyticalskillsandapplyknowledgefromweeks1to11coursematerialtoapracticalauditscenario.Studentsarealsoexpectedtodevelopanddemonstratetheircollaborativeeffortsinworkingeffectivelywithothersinaprofessionalbusinessmannerasbothmembersandleadersofteams.Studentsshouldalsobeabletodemonstrateanunderstandingofpertinentmoral,ethicalandcorporatesocialresponsibilityconsiderationsandthepotentialimpacts(positiveandnegative)thataccountingandreportingcanhaveonarangeofstakeholderswithintheirallocated environment.TheGroupCaseStudyReportAssessmentprovidesanopportunitytoinctwithotherstudentstonegotiateandcreateasharedunderstanding.Youwillalsobeaskedtocompleteasateamthe‘MemberContributionStatement’whichistobesubmittedconcurrentlywiththeGroupCaseStudyReportAssessmentusingthetemteprovidedonpage8ofthis Thebelowsitehassomeusefultipsforgettingthemostoutofin-classIfyouareexperiencinggroupchallenges-allteammemberstogetherneedtomakeanappointmenttodiscussanyissuesupuntilendofWeek10withUoSCoordinator.GroupGroupCaseStudyReportSubmissionThe‘GroupCaseStudyReportAssessmentand‘MemberContributionStatement’mustbesubmittedelectronicallyviaBlackboardinTurnitinonFriday14thOctoberby4pm,2015.(Week11).Shouldsubmissionproblemsoccur,studentsshouldcontactBusinesseLearningSupportfirston90366433/business.elearning@.auand/ortheUnitCoordinatorassoonaspossible.Afterthisdate,assessmentscannotbeacceptedformarking,andsubmissionsbeyondthisdatewillreceivezeromarks.PleasekeepacopyofyourworkandtheTurnitinTurnitinGroupAssignmentsubmission–includeStudentNamesandSIDsofallgroupmembers,separatedbyacommaontheHeaderofeachpage.Allgroupassignmentsubmissionsmustbetyped(minimumsize10font,styleTimesNewRoman/Arial/businessfont),min1ptspacingandnotexceedthepagelimitstipulated(i.e.12pages).The12pagelengthincludesthebodyoftheGroupCaseStudyReportandfootnotes.Itexcludesanyappendices,thecoversheet,titlepage,executivesummary(optional),membercontributionstatementandlistofreferences,whichintotalarenottoexceed5pages.TheappendicesaretheretobeusedtosupportargumentspresentedinthebodyoftheGroupCaseStudyReportandwillbemarkedasanintegralpartofindividualquestions.AllMemberContributionStatementsaretobecompletedusingthetemteprovidedattheendofthis,withthe1pagelimit.TurnitinsubmissionmustincludeallstudentnamesandSIDs.10%penaltywillbeappliedtogroupassignmentmarkifthetemteisnotfullycompletedandsubmittedconcurrentlywiththeGroupCaseStudyReportsubmission,preferablyasthelastpageofreport.Youneedtoprovideareferencewheneveryouquote,paraphraseorsummarisesomeoneelse’sopinions,theoriesordata.Youmustalsoreferenceanygraphicalinformationyouusesuchastables,photosordiagrams.TheHarvard(orauthor-date)referencingstyleisoneofthemostcommonlyusedandpreferredintheBusinessSchool.Detailsareavailableat:Note:TheUniversitytakesveryThisisacompulsoryassessmentandthefailureofastudentgrouptosubmitanattemptwillresultinazeromarkforthisassessment.IfyouhaveanyQuestionsaboutthisGroupCaseStudyReport ceIfyouhaveanyQuestionsaboutthisGroupCaseStudyReport ceQsontheBlackboardDiscussionBoard-thereisanallocatedforum.NoQuestionsaboutthisassessmentwillbediscussedinSeminarsduetotimeconstraintsincoveringallocatedmaterialandquestionsandfortheequityofallstudents.GroupCaseStudyReportContemporaryIssuesinGroupGroupCaseStudyReportRequirementsand 15%Thisassignmentconsistsoftwo(2)separatePart1:GroupBasedComponentsubmissionPart2:MemberContributionStatementtemtePartPart1:GroupBasedComponent 15%Part1Requirements–75marksworth15%ofthetotalForthepurposesoftheGroupCaseStudyReport,assumethatyouareamemberoftheDeloitteauditteamresponsibleforthe ing2015WoolworthsLimitedauditengagement(nningisstartingearlyinthishypotheticalassessment).Youhavebeenassignedtogatherrelevantbackgroundinformationpredominantlyfromthe2014AnnualReportandprepareauditworkpapersinrelationtothefollowingspecifiednningandevidencegatheringissues: Outlinetheproceduresthatyoufollowedinrenewingthisauditengagementandprepareanengagementletter.Max2 (10Q1Q1CriteriaandIndeterminingtheproceduresthatyoufollowedinrenewingtheauditengagementcontractwithWoolworthsLimited,donotjustliststeps;brieflyexinthereasoningbehindtheprocedureundertaken.Thispartwillbeawarded5marks.APES305TermsofEngagementrequiresyoutothefollowingfactorswhenassessingtheneedtoreissueoramendan:anyindicationthatthemisunderstandstheobjectivesandscopeoftheengagement;anysignificantchangesintheengagement;anysignificantchangesintheprofessionalservicestobeprovidedorthetermsofengagement;arecentchangeinmanagementorownership;asignificantchangeinthenatureorsizeofthe’sbusiness;anysignificantchangestoprofessionalstandards;anychangestolegalorregulatoryRecurringForarecurringEngagement,theMemberinPublicPracticemaydecidenottosendanEngagement oneachoccasion.ThefollowingfactorsmayaffectthedecisionoftheMemberinPublicPracticetoissueanEngagement anyindicationthatthemisunderstandstheobjectivesandscopeoftheanysignificantchangesintheTermsofarecentchangeofmanagementorasignificantchangeinthenatureorsizeofthe'sbusiness;legalContinuanceofRelationship(Ref:Para. Decidingwhethertocontinuearelationshipincludesconsiderationofsignificantmattersthathavearisenduringthecurrentorpreviousengagements,andtheirimplicationsforcontinuingtherelationship.Forexample,amayhavestartedtoexpanditsbusinessoperationsintoanareawherethefirmdoesnotpossessthenecessaryexpertise.UseASA210toguideyourengagementletterformandcontent.Thispartwillbeawarded5markswithfocusonUseASA210toguideyourengagementletterformandcontent.Thispartwillbeawarded5markswithfocusonboththeASA210suggestedcontentmatterssuchas‘objectiveandscopeoftheaudit’inadditiontohowgroupstailortheengagementlettertoWoolworthsLimited-youmayneedtobecreativehere! UnderstandingtheInrespectofWoolworthsLimitedprovideanExecutiveSummaryaspartofyourWorkingPapersofthefollowingaspectsofthe OrganisationalStructureandConductofProductsandMarketConditionsand

Max2 (93，onlineservicecloesaldi Q2Q2CriteriaandInyourExecutiveSummary(becreativewiththeformat)youneedtoconsiderandincludethefollowinginyourconductofoperations=howtheygoabouttheirbusinessintermsofgeography,logistics,inoutliningthemajorproductsandservices,considerthenatureofrevenuediscussthecurrentclimate,industrychallengesandmajorcompetitorsthatWoolworthsLimitedisThisExecutiveSummaryisintendedfortheAuditPartnertofacilitatebetterunderstandingofWoolworthsLimited,itsoperations,itsproductsandservicesandcurrentoperatingclimate.The9markswillbedividedequallyagainstthethreerequiredsections. yticalYourteamhascompletedpreliminaryyticalproceduresaspartofyourinitialauditnningphase.WithreferencetoWoolworthsLimitedratiosaswellasyourknowledgeofWoolworthsanditsenvironmentprovideacommentaryonWoolworth’s:Shorttermandlongtermliquidity...(select1STand1LTProfitability...(selectonly2KEYEfficiency/performanceofmanagement…(selectonly2KEYConclusionontheoverallfinancialHowusefulisperforming yticalproceduresatthenningstageoftheaudit?Whatarethelimitationsifany?Max2.5 (15Q3Q3CriteriaandYourauditteamwillneedtocalculate/sourcesupportingratiosforthe2014and2013yearsandyourauditteamisexpectedtoprovidemorefocusontheevaluationofthekeyratioschosenandutilisetheirknowledgeofWoolworthsLimitedinordertomakesomeinformativecommentaryaboutWoolworth’sliquidity,profitability,efficiency,andoverallconclusion….etc.ProvideaCommentaryasyouwouldexpecttoseeinafinancialysisreportprovidedtotheAuditPartner.Yourteamisexpectedtodemonstratetheabilitytosynthesiserelevantbackgroundfinancialandnon-financialinformationandapplyyticalskillstothisinformationtocriticallyevaluatepotentialsignificantrisksinrelationtoWoolworths,notjustrepeattheratios/movementsinyourcommentaryandofcoursestatesourcesofanyratiossourced.Rememberthatmovementsinratioscanbeexinedbymovementsinthenumeratorand/ordenominatorofthoseratios-teamsmayneedtomakereasonableassumptionsbasedonthecase.Theconclusion(d)shouldbejusttwotothreesentencessummarisingtheoverallfinancialpositionofWoolworthsbasedonyourysis/discussionsofliquidity,profitabilityandefficiency.Eachrequiredsectiona)toe)isweightedequally.S Business Detailanassessmentof4KEYBusinessRisksassociatedwithWoolworthsLimitedwhichimpacttheauditintermsofkeyfocusareas.Foreachofthe4risksoutlined,identifyandincludethefollowing:Key/significantaccountatriskofpotentialOutlinewhytheaccountisatsignificantriskofProvidethekey(1)assertionatProvideone(1)relevantdetailedsubstantiveauditMax3 (24 CriteriaandInansweringQ4youmaywanttosetyouranswerusingthebelowTem tewhichalsoprovidesthemarkBUSINESSRISK SUBSTANTIVE (2(2MARKSAWARDEDFOREACHBRAND (1MARK) (1MARK)Strikeaction/StaffDisruptionscurrentlyinthemediaarerisksthattheAuditorwouldbeinterestedtofocusonastheyreflectpossibleunderstatementofEmployeeEntitlementsandmiscalculationsduetocomplexityofstaffpaymentsetcwhicharesignificantgiventhenoofstaffaffectedbystrike(youcanexinreasoningforchoiceofaccounthereinadditiontoyourBR YouneedtobecreativewithyourSTODandmakeitrelevanttoWoolworthscontext,theaccountandtheassertionthatyouaretryingtogainevidence e.g.ObtainListingallWoolworthsemployeesbyemploymentcategoryfromHRandrecalculatetheirentitlementssuchasLSL,ALbyreferencetothestartdates,ratesofemployees determinetheoverallreasonablenessoftheentitlementprovision/accrualasatthebalancesheetdateEXAMPLE Provisions（Employeebrandname（qualityofbrandname）信用等級(jí)下降，怎么計(jì)量的，有限還是無限的，PPEhome虧損，一直投錢，PPE可能減少financialleaseWoolworthintheResearchandprovideanlast12months)ANDExofone(1)recentMediaNewsarticle(byrecent,wemeaninhowthisnewswouldaffectyourauditn.Max1 (7 CriteriaandInansweringQ5Youranswershouldincludereferencetoanyrisks,natureandextentofauditevidenceasaminimum.Youmaywanttogobackandre-readASA315toassistwithyour ControlAssessthepotentiallevelofthereliance(High,Med.Low,None)thatcouldbecedontheoverallcontrolenvironmentofWoolworthsLimitedJustifyyourdecisionwithspecificreferencetothe’scorporateernancestatementandanyotherrelevantsource/sMax1.5 (8 CriteriaandInansweringQ6YouranswershouldincludeatLEAST3Reasons/aspectsfromStatementsandotherresourcestosupportyourAnswer.Youmaywanttogobackandre-readASA315,Appendix1toassistwithyour YourassignmentshouldbepresentedinaformatasifitweretobepresentedtothefullDeloitteauditteamasworkingpapers.Akeyaspectinyourgroup’schoiceofcreativeformat/layoutshouldbetoensureyouimpartyourkeymessageseffectively.Itshouldbesuccinct,anduseoftables,graphsandothertypesofpresentationformats/layoutisencouraged.Thereportshouldalsobecoherentandsoconsistencyisexpectedthroughout(e.g.,formatting,languagestyle,andlinkagesbetweenthequestions).Notethatgroupswhosplitupthetasksandworkindependentlyarelikelytohavemore plishingthisobjectivecomparedtogroupswhoworkoneachofthepartscollaboratively.Thegroupcasestudyreportshouldreflectqualityauditationandthismayrequiregroupstobecreativeinvisualimpact.Thereportshouldbewellpresentedwithclearstructureandsub-headingsasappropriate.Amerelytypedassignmentwillnotearnanymarksforthisrequirement.ThisisaResearchAssessmentrequiringfullstudentteam(2PartPart2:MemberContributionNomarkawardedbut10%penaltyifnosubmissionwithgroupEachstudentgroupwillbeexpectedtosubmitaMemberContributionStatementusingthetemteonthefollowingpage.Nomarkwillbeawardedforthisstatement,howevera10%penaltywillapplyifthemembercontributionstatementisnotfullycompletedandsubmittedwiththegroupassignment.Onlyonesubmissionpergroupwillbeaccepted.Themembercontributionstatementmustnotexceedthe1pagelimitandmustbecompletedinthetemteprovidedwithnoaltionstoitsformattedcontentrequired.Ifyouneedtomakeyourfontsmalleryoucanan