BA (HONS) ACCOUNTING & FINANCE (Full-Time)
LEVEL 6
GROUP ASSIGNMENT BRIEF
HAND OUT DATE: W/C 8th February 2016
PRESENTATION DATE: W/C 14th March 2016
HAND IN DATE: 22nd April 2016
INSTRUCTIONS FOR COURSEWORK – GROUP COURSEWORK (COMPONENT 1)
You are required to arrange yourselves into a group consisting of 4 members. It is strongly recommended that you choose your group members from the same seminar group as this will facilitate group discussions about the coursework and also all members of the group can seek assistance from their seminar tutor
You are required to research and prepare a group report based on one of the following topics. Please seek the assistance of the module leader and your seminar tutor for help and guidance with your coursework. Do not leave the research too late!!
The word limit for the report is a minimum of 3,500 words with a maximum word count of 4,000 words.
Note: reports submitted with less than 3,500 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.
You must also complete the attached ‘Group Self-Assessment’ form and submit it in a sealed envelope with your coursework.
GROUP PRESENTATION (COMPONENT 1)
In addition to the group report mentioned above, you are also required to prepare a group presentation that will concentrate on the main elements identified during your research for the group report.
Each member of the group will be allowed 5 minutes for their part of the presentation and the group should also be prepared to answer questions from the members of the academic assessment panel.
Each group will be marked in accordance with the attached group presentation mark sheet.
COURSEWORK ELEMENTS & WEIGHTINGS
The weightings of the individual components are:
Component 1- Presentation = 20%
Component 2- Written Report = 80%
COURSEWORK TOPIC
Risk and materiality are both important aspects of the external audit process and are both fundamental to ensure that the audit report is beneficial to shareholders by reducing the ‘agency problem’ and ensuring the proper ‘stewardship’ of the board of management.
Accordingly, the audit report has been extended to incorporate the auditor’s assessment of risk and materiality and this should have the following effects:
Shareholders should now fully understand the external audit process thereby eliminating the ‘Expectation Gap’
The audit report should now be fully understood by the shareholders of the company
Auditor’s liability should be reduced to an extent that the need for a ‘Bannerman’ clause in the audit report be unnecessary
REQUIRED
You are to research and write a group report clearly identifying the changes to the audit report resulting in the new extended audit report.
Your group will be given a set of financial statements for a company that has an extended audit report and you are to evaluate this report and give your opinion as to whether the assertions made in the assignment topic are in your opinion valid.
SPECIFIC GENERAL GUIDANCE
Consider with reference to the financial statements provided to your group the changes that have been made to the auditor’s report to include risk and materiality
Consider whether in your view risk and materiality are important aspects of the external audit process
Consider ‘expectation gap’ and whether this has been eliminated by the extended audit report
Whether auditors liability in your opinion, has been affected in any way by the extended audit report
GROUP COURSEWORK SELF ASSESSMENT FORM
As a group, please answer the following questions and submit in a sealed envelope with your coursework.
Confirm that each group member has contributes equally to the group report and presentation
Confirm that each group member should receive the same mark or suggest how the mark should be divided based upon their contribution stated in 1 above
What in your opinion is a fair mark for this group coursework?
What do you think is the element that the group did best in this coursework?
If as a group you had the chance to do this coursework again from scratch, how (if at all) might the group decide to go about it differently?
What did the group find the hardest aspect of this coursework?
Please jot down 3 short questions that the group would like the marker to answer in relation to your coursework
Component 1 – Presentation Marking Scheme (20%)
Members of group
Student Name
Student Number
1
2
3
4
Excellent
Good
Fair
Weak
Very Weak
Comment
Ability to describe the topic (15 marks)
Ability to convey knowledge of subject (15 marks)
Makes good eye contact (5 marks)
Speaks in a clear voice (15 marks)
Group dynamics
(20 marks)
Quality of visual aids (10 marks)
Ability to answer questions (20 marks)
Overall comment:
First marker
Second marker Date
AUDIT & ASSURANCE (BAAF)
GROUP COURSEWORK MARKSHEET
STUDENT NUMBER’S
STUDENT NAME’S :
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 (1st Marker) SIGNED (2nd Marker) DATE:
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