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Business School
ACCOUNTING AND FINANCE
MODULE ASSIGNMENT BOOKLET
ACC3008
AUDITING AS SOCIAL ACCOUNTABILITY
Coordinator & Lecturer: Dr Shanta S.K. Davie
Armstrong Building Room 2.07
shanta.davie@ncl.ac.uk
Tel. 0191 222 5395
ACC3008: AUDITING AS SOCIAL ACCOUNTABILITY
COURSE ASSIGNMENT
1. Aims & objectives
The principal purpose of the course assignment is to help students in becoming knowledgeable and enterprising accountants, financial managers and auditors partly through their individual learning in doing the course group-project.
The course assignment provides an opportunity for students to:
• Study, in depth, an area or issue of particular interest in auditing and related subject areas; and,
• To write a project that is original work in the sense that deliberate attempts are made to present personal discussion and analysis of the topic chosen.
2. Selecting an assignment topic
Assignment topics:
a) Critically evaluate the following statement: ‘auditing can enhance social accountability’.
b) Can auditors be truly independent? Explain why?
c) Discuss the statement that: ‘The expectations gap in auditing is inevitable’ (Sikka et al 1998).
d) Is the criterion of ‘true and fair view’ in auditing fit-for-purpose? Explain why?
e) Discuss the statement that: ‘audit regulation is a partial solution’.
f) Critically examine the statement by Puxty et al (1997: 325) that: “…a conflict exists between the private interests of the accountancy profession and the public interest criterion built into their public statements and Royal Charters”.
g) Critically evaluate the notion of auditor liability in relation to the public interest and self interest arguments.
h) Discuss how accountants/auditors and accounting techniques may be implicated in money laundering activities.
i) Critically examine the statement that: ‘auditing can enhance...