Auditing Case Study Custom Essay
You will be allocated a company (Scapa Group Plc) quoted on a UK stock exchange. Obtain, or download a copy of, the company??s last annual report containing audited financial statements. If you are studying module ASB 3208 Financial Statement Analysis you should not use for the assignment for that module a company you are analysing in this assignment.
- From the financial statements, the management commentary in the annual report and other sources, and using appropriate auditing procedures, identify FIVE areas of heightened audit risk relating to the audit of this company. Explain why you consider these to be areas of increased audit risk. (50%)
- In relation to ONE of the areas selected in Part A identify, and explain the reasons for, the detailed audit procedures you would carry out in attempting to reduce audit risk to an acceptably low level. (50%)
This assignment will count 20% towards your final mark for the auditing module. The word count for this assignment is 2,000 words (?? 10%). You are advised to allocate the word count equally between Parts A and B. Workings for any computations carried out in relation to the assignment should be included as an Appendix and need not be included in the word count.
The submission deadline for this assignment is 4pm on Wednesday 2nd April 2014. You should submit a hard copy and an electronic copy via Turnitin in the normal way.
You are reminded that your references and bibliography should include, inter alia, details of all internet resources used and consulted in the course of your assignment.
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