New Global Vision College

MSc in Accounting and Finance

Part I - Discussion Question (Group Assignment)

1. Mr Antony, a chief auditor accepts the offer to audit ABC Company (client). Next
from the contract, Mr Antony prepares a plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement of either caused by error or fraud. However, the client asked the
auditor to convince them why the assurance is not absolute? On the behalf of Mr
Antony, please discuss two reasons.
2. After the auditors finding, the auditor should put his/her opinion about the
organization overall audit performance. Please discuss the types of audit opinion?
3. Assertions are expressed or implied representation by the management that are
reflected in the financial statement components. Please list and discuss auditing
standard assertions.
4. List and describes the auditor’s liability.
5. Discuss the steps to develop audit objectives.

Part II – Article Review (Individual Assignment)

A student should find any article from reputable journal related to any of the
aforementioned chapters and make a critical evaluation of that article. Allowed maximum
page is 3 excluding the cover page and reference. Use the article review guideline attached
separately

Submission Date: June 10 – 23, 2020