AUDIT II AAD20203

GROUP ASSIGNMENT (40 marks – 5%)

PRESENTATION AND REPORT
CHAPTER 6 TO 10
INSTRUCTION:
1. The report should be written in the Font Arial 11/ Times New Roman 12 with no spacing.
2. The cover page is in light blue color.
3. The deadline for report submission is ONE WEEK AFTER PRESENTATION.
4. The students need to present.

** If you have any difficulties in submitting the assignment according to the date given,
please come and discuss with me.

PROGRAM OUTCOME (S) :

PO1 : Acquired knowledge of basic auditing and supporting disciplines (KNOWLEDGE)
PO5 : Perform managerial or supervisory roles and team working spirits in related industries as
well as communicate efficiently and demonstrate interpersonal skills
(COMMUNICATION SKILLS, LEADERSHIP & TEAMWORK)
PO6 : Manage to solve problems critically (PROBLEM SOLVING & SCIENTIFIC SKILLS)

COURSE OUTCOME (S) :

CO4 : Evaluate audit findings, review subsequent events, contingencies and commitments at the
completion stage, and evaluate the nature, timing and extent of the group audit
procedures.
CO6 : Relate the audit procedures when relying on the work of others and apply appropriate
sampling techniques to audit work.
CO7: Explain the nature of internal audit and how internal audit can be used to evaluate
performance.
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QUESTION :
In this assignment, students have to form into a group of ONE to FOUR persons. You are
required to present the following topic which these topics are basically part of the syllabus.
Below are the topics for your presentation:

o INTERNAL AUDITING
o CORPORATE GOVERNANCE & AUDIT COMMITTEE
o GROUP AUDIT
o COMPUTERISED INFORMATION SYSTEM (CIS)
o PAST YEARS QUESTIONS
The presentation & report should contain:

1- INTERNAL AUDITING
 Introduction
 Roles/functions of internal auditors
 Scope & responsibility
 Similarities and differences between IA & EA
 Factors to be considered by EA on the work of IA
 Advantages & disadvantages of having internal auditor
 Past years (please find 2 past years with 2 different question)
 Any relevant information
 Games

2- CORPORATE GOVERNANCE & AUDIT COMMITTEE

 Introduction
 Elements of corporate governance
 Characteristics of audit committee
 Role of audit committee
 Benefits and drawbacks of the establishment an audit committee
 Past years (please find 2 past years with 2 different question)
 Other relevant information is acceptable
 Games

3- GROUP AUDIT
 Introduction
 Responsibility of principal auditor
 Additional reporting requirement made by principal auditor with regards to consol
all the group’s financial statements
 Factors to be considered by principal auditor before relying on work of
component auditor
 Issues addressed by the principal auditor to the components auditors
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 Past years (please find 2 past years with 2 different question)

 Other relevant information is acceptable
 Games

4- COMPUTERISED INFORMATION SYSTEM (CIS)

 Introduction
 Objectives of CIS
 CAATs (types of CAATs – CAS/GAS/Test Data)
 Explanation on all advantages and disadvantages of types of CAATs)
 Past years (please find 2 past years with 2 different question)
 Other relevant information is acceptable
 Games

5- PAST YEAR FINAL EXAM SEPTEMBER 2017

 Suggested answer
 Games

6- PAST YEAR FINAL EXAM FEBRUARY 2017

 Suggested answer
 Games

7- PAST YEAR FINAL EXAM SEPTEMBER 2016

 Suggested answer
 Games

8- PAST YEAR FINAL EXAM FEBRUARY 2016

 Suggested answer
 Games

This assignment gives opportunity for students to understand the topic by your own, build the
ability to speak out and share the knowledge with others. Hence, this assignment requires student
to present the content of each topic in front of the class about 10 to 20 minutes. The presentation
may be conducted in week 10 to week 12.

ASSESSMENT:
Report will be evaluated based on the rubric attached.
 AUDIT II AAD20203

RUBRIC (REPORT)
AUDIT II (AAD20203)
Mark will be allocated as per rubric below (Please attach this rubric in your report):
Report Writing Marking Rubric

Objective Need
Exemplary Good Satisfactory improvement
SCORE
4 3 2 1

Introductory Introductory Introductory Introductory

paragraph stated the paragraph stated the paragraph is vague. paragraph is not
focus and managed focus of report but apparent.
Introduction
to summarize the contents and
overall report summary are not
structure. carefully developed.

Explanation on the Explanation on the Explanation on the Unable to find

sub-topic is sub-topic is detail sub-topic is remotely specified details
Quality of attractive, detail and and relate to the related to report related to report
information relate to the topic. topic. Detail topic. Example is not topic. No example
Specific and detail example given related to the sub- given.
example given. topic.

Reports information Reports information Reader has difficulty Reader cannot

in logical, in logical sequence following the understand the
Sequence / order interesting sequence which reader can sequence due to reports because
which reader can follow. unorganized flow of there is no sequence
follow. contents. of information.

Concluding Concluding Concluding Concluding

paragraph paragraph follows paragraph is only paragraph is not
summarizes and and summarizes remotely related to apparent.
Conclusion draws a clear, report discussion the report topic.
effective conclusion and draws a
and enhances the conclusion.
impact of the report.

TOTAL SCORE (REPORT) =

 AUDIT II AAD20203

RUBRIC (PRESENTATION)
AUDIT II (AAD20203)

Presentation Marking Rubric

GROUP 1 2 3 4 Total
Sequence / order Audience cannot Audience has Student presents Student presents
understand difficulty information in information in
presentation following logical sequence logical, interesting
because there is no presentation which audience can sequence which
sequence of because student follow. audience can
information. jumps around. follow.
Subject Student does not Student is Student is at ease Student
Knowledge have grasp of uncomfortable and answers most demonstrates full
(individual) information; with information questions with knowledge (more
student cannot and is able to explanations and than required) by
answer questions answer only some elaboration. answering all class
about subject. rudimentary questions with
questions, but explanations and
fails to elaborate. elaboration.
Visual Aids Student uses Student Student's visual Student's visual aids
superfluous visual occasionally uses aids relate to the explain and
aids or no visual visual aids that presentation. reinforce the
aids. rarely support presentation.
the presentation.
Mechanics Student's Presentation has Presentation has Presentation has no
presentation has three no more than two misspellings or
four or more misspellings misspellings and/or grammatical errors.
spelling errors and/or grammatical errors.
and/or grammatical
grammatical errors.
errors.
Eye Contact Student makes no Student Student maintains Student maintains
(Individual) eye contact and occasionally uses eye contact most eye contact with
only reads from eye contact, but of the time but audience, seldom
notes. still reads mostly frequently returns returning to notes.
from notes. to notes.
Verbal Student mumbles, Student's voice is Student's voice is Student uses a clear
Techniques incorrectly low. Student clear. Student voice and correct,
(individual) pronounces terms, incorrectly pronounces most precise
and speaks too pronounces words correctly. pronunciation of
quietly for terms. Audience Most audience terms so that all
audience in the members have members can hear audience members
back of class to difficulty hearing presentation. can hear
hear. presentation. presentation.
Total Points:

TOTAL SCORE (PRESENTATION) =