MA611 Auditing

Assessment Task Description In addition to the Submission Guidelines appearing on page 1, the assignment is to be completed individually. The submission into the specific assignment drop box in Moodle is to be made by each student individually. This assignment is comprised is a single academic paper discussing a case, and is marked out of 50 marks and scaled back to 20%. The marking rubric below sets out the requirements: Principally you will be marked on five components: (1) Critically examine what happened at Western Desert Resources, including who held primary responsibility for the shambles. (2) Who was the auditor, and explain whether they should have issued an unqualified report?  (3) Examine in detail the key legal issues.  (4) Discuss critically the key ethical issues.  (5) Format, Presentation Quality and Demonstration of Research  As mentioned above, the assessment should be presented in an academic paper format. A key aspect in your choice of format/layout should be to ensure you impart your key messages effectively (i.e., complete the requirements) and efficiently (i.e., it should be succinct and take into account the word limit). Make sure all pages are numbered, and the text fits within the margins of your pages. Make sure to include the relevant heading. Required: Critically examine the failures of Western Desert Resources Limited and the issues surrounding the failure, and the responsibilities of the Audit Firm in regard to the failure in terms of the above five components. ? Marking criteria: Assessment criteria (requirements) are shown in the following table. Marks are allocated as follows: Assessment criteria (Requirements) to be met and assessed Detailed Description of the Assessment Criteria Breakdown Marks Unit Learning Outcome met Criteria a Explain the event and the level of duty of Management 10 a-d Criteria b Explain the Auditor’s duty 10 Criteria c Discuss relative legal responsibilities 10 Criteria d Explain ethical responsibilities of the Auditor 10 Criteria e Set out as an academic paper with correct grammar and spelling  Using Technology for Assessment Rationale Activities Technological tools selected This assessment task aims to achieve; a) Critically examine the failures of Western Desert Resources Limited and the issues surrounding the failure, and the responsibilities of the Audit Firm in regard to the failure in terms of the above five components. This aim will be achieved by; • Reviewing relevant materials, including homework questions. • Checking for plagiarism. The tools selected for this assessment • Online activities on Moodle, including Forums and Chats. • Turnitin. ? Marking Criteria and Rubric Met requirements of the learning outcomes to an excellent level (80 to 100%) Met requirements of the learning outcomes to a very good level  Met requirements of the learning outcomes to a good level Met requirements of the learning outcomes to a satisfactory level  Did not met requirementsPart 1 Fully researched and thoroughly covered all Requirements in depth and detail Soundly researched and covered all points A good development of all points All points were covered Did not cover all points Part 2 Fully researched and thoroughly covered all Requirements in depth and detail Soundly researched and covered all points A good development of all points All points were covered Did not cover all points Part 3  Fully researched and thoroughly covered all Requirements in depth and detail Soundly researched and covered all points A good development of all points All points were covered Did not cover all points Part 4 ully researched and thoroughly covered all Requirements in depth and detail Soundly researched and covered all points A good development of all points All points were covered Did not cover all points Part 5 (out of 10) Proper structure language and grammar and full evidence of supporting research Proper structure and language and good evidence of research Basic structure and grammar and evidence of research Readable language Some evidence of research Poor grammar and little or no research

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