University : University of Tasmania UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : BFA713
Assignment Task:

INTRODUCTION 

The assignment is based on Jatcorp Limited (ASX Code: JAT, hereinafter referred to as “JAT”). Students must submit the assignment in groups of THREE (3 minimum) to FIVE (5 maximum) students. Note that this group assignment is meant to be done in groups. Individual assignment will NOT be accepted. The assignment is to be submitted to the Turnitin Dropbox in BFA713 MyLO site by 11.59 pm on Friday, September 18th, 2020. This assignment is worth 15% of the total mark for BFA713. 

The objective of the assignment is to assess students’ understanding and application of the concepts and theories learnt in BFA713 Auditing and Assurance. The assignment also aims to evaluate students’ ability to apply the knowledge and skills learnt in the unit in analysing a real company from the auditor’s perspective. Further, this assignment seeks to improve students’ teamwork abilities. The framework of the Australian Auditing Standards (AUASB) and the corresponding International Standards on Auditing (ISA) should guide the analysis. 

In analysing the JAT, it is important that students understand the company operations, strategies, internal and external environment, and the relevant financial and non-financial information. To gain such understanding, students must conduct a thorough analysis of the company and its environment. Hence, the successful completion of the assignment requires extensive research on JAT. 

Students also need to demonstrate their ability to identify the type of audit opinion provided by JAT’s auditor(s), as well as critically evaluating the various pieces of information gathered to come to the audit opinion. 

Apart from assessing those abilities, the assignment also aims to assess students’ ability to present a written report in a professional manner by taking into consideration the target audience and the formatting requirements. 

REQUIRED 

Assume that you are an audit senior who has been assigned to the audit of JAT for the year ended 30 June 2019. You have been instructed by the engagement partner to gather the relevant background information about the company as part of the procedures to obtain an understanding of JAT and its environment as per the Auditing Standard ISA 315. JAT’s Annual Reports for the years ended 30 June 2019 and 30 June 2018 are provided for you as part of this Assessment Task. 

Based on the information gathered and the understanding of the client and its environment, you need to comment on the type of audit opinion with reference to the Australian Accounting Standards and the Australian Assurance and Auditing Standards.

 

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  • Uploaded By : Mia
  • Posted on : September 01st, 2018

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