UoL AC3093 Class Assignment 2 (CA2)

Following high profile corporate failures, auditors have been criticised by various interested
parties in connection with:
(1) their responsibility for the detection of fraud
(2) the provision of non-audit services to their audit clients
(3) the period of time for which they can act as auditors for a client

Requirement:

Outline the current regulatory and professional requirements in respect of the matters
identified in (1) to (3) above and state how they might be further changed by the UK
regulatory bodies. Set out the case for and against changes to the current regulatory and
professional requirements. (25 marks)

Assignment guidelines and requirements

This is an essay assignment and the submission must not exceed 1,000 words. This would mean
that each of the matters above should be answered in about 300 words.

You can hand write or type your essay and please write/type your full name at the top of essay.
Please also indicate which class are you from (Eg Mon Noon or Wed AM). Submit a copy of
your completed CA2 via Kaltura Assessment Dropbox, before 2359 of 12 December 2020 (12/12)

To help you keep the essay within the word limit (and therefore within the time limit of 45
minutes under actual exam condition), you should restrict your arguments for and against the
changes to just 2 reasons for and 2 reasons against, although there are many other reasons.

Deadline for submission: 12th December 2020