Find
Search for over 200,000 study notes and past assignments!
Swap
Download study resources by swapping your own or buying Exchange Credits.
Study
Study from your library anywhere, anytime.
1 Found helpful • 6 Pages • Essays / Projects • Year: Pre-2021
Assume that you are a member of the team responsible for the CIMIC audit engagement. You have been assigned to gather relevant background information and prepare audit workpapers in relation to the following specified planning issues. 1. Prepare a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis for CIMIC. In conducting this analysis your research should include, but not be limited to, the nature of revenue sources, conduct of operations, market conditions and competition etc. (4 marks) 2. Discuss the potential impact of your SWOT analysis on the CIMIC audit at the overall financial report level and at the specific account/assertion level. (3 marks) 3. Provide four (4) specific laws/regulations from different categories (other than general corporate law, accounting standards, taxation, and ASX listing requirements) that would be applicable to CIMIC. (2 marks) 4. Assess the potential level of the reliance that could be placed on the overall control environment of CIMIC. Justify your decision with specific reference to CIMIC’s corporate governance statement and any other relevant source/s. (3.5 marks) 5. Briefly justify a planning materiality base and percentage (%) that could be applied to CIMIC. Calculate the $ planning materiality level using the base and percentage determined above. (3.5 marks) 6. Your assignment should be presented in a format as if it were to be presented to the full audit team. A key aspect in your group’s choice of format/layout should be to ensure you impart your key messages effectively. It should be clear and succinct. The use of tables, graphs and other types of presentation formats/layout is encouraged. The report should also be coherent and consistency is expected throughout (e.g., formatting, language style, and linkages between the questions). Note that groups who split up the tasks and work independently are likely to have more difficulty accomplishing this objective compared to groups who work on each of the parts collaboratively. A merely typed assignment will not earn any marks for this requirement.
This document is 10 Exchange Credits
More about this document:
|
|
This document has been hand checkedEvery document on Thinkswap has been carefully hand checked to make sure it's correctly described and categorised. No more browsing through piles of irrelevant study resources. |
|
|
This is an Essay / ProjectEssays / Projects are typically greater than 5 pages in length and are assessments that have been previously submitted by a student for academic grading. |
|
|
What are Exchange Credits?Exchange Credits represent the worth of each document on Thinkswap. In exchange for uploading documents you will receive Exchange Credits. These credits can then be used to download other documents for free. |
|
|
Satisfaction GuaranteeWe want you to be satisfied with your learning, that’s why all documents on Thinkswap are covered by our Satisfaction Guarantee. If a document is not of an acceptable quality or the document was incorrectly described or categorised, we will provide a full refund of Exchange Credits so that you can get another document. For more information please read Thinkswap's Satisfaction Guarantee. |
Studying with Academic Integrity
Studying from past student work is an amazing way to learn and research, however you must always act with academic integrity.
This document is the prior work of another student. Thinkswap has partnered with Turnitin to ensure students cannot copy directly from our resources. Understand how to responsibly use this work by visiting ‘Using Thinkswap resources correctly’.
Browse MQ Subjects
