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rnet and other media to assist you in collecting further information relating to BHP. To do well in the assignment, it is reasonably expected that you will undertake research on the entity beyond merely the BHP homepage and their annual reports.

 

ASSIGNMENT 1 (1,000 words)
REQUIREMENTS/QUESTIONS

 

Required:

(a) Identify four (4) issues (accounting or otherwise) in the above case that may
have an impact on the planning of the audit of BHP for the year ending 30th June 2012.
(HINT: Students should use initiative in answering this question. Remember auditors are trying to find conditions or events that might give rise to material misstatement. Whilst not necessarily related to BHP, ASA 315 provides some examples of common conditions and events that may indicate the existence of ‘risks of material misstatement’. Please go to pages 301 and 302 of your Auditing Handbook for a list of possible events or conditions that might apply to BHP. Please be warned however that you MUST demonstrate clearly (with substantive research evidence) that an identified issue relates to BHP and the planning of its audit.
Inclusion of evidence of research is important. Be sure to use in-text referencing. (30 Marks)

(b) State what audit evidence you would gather in assessing the issues identified in
part (a) above, for inclusion in the planning strategies for the audit of BHP.    
(HINT: When auditors identify conditions or events that give rise to the risk of
material misstatement, they design information (evidence) gathering procedures in
order to establish whether or not the identified risk exists and may result in material
misstatement in the financial reports. This question is asking you to use your ‘best
judgement’ to identify relevant audit evidence you might seek in the audit of BHP.
The different types of audit evidence that might be referred to, is shown in paras A10
to A 25 of ASA 315. The challenge for students is to make the evidence gathering
activities in ASA 315 SPECIFIC to the risks you identified in part (a) above. Generic
answers (eg look at sales documents for evidence of unusual sales) will not be
sufficient. Once again Inclusion of evidence of research is important. Be sure to use
in-text referencing.

(20 Marks)

ASSIGNMENT 2 (2,500 words)
REQUIREMENTS/QUESTIONS

 

Required
1. Identify what you consider to be the ‘key’ inherent risk factors that could have an impact on the audit of BHP for the year ended 30th June 2012.
For each of the inherent risk factors identified, state how and why you consider the issue may create the risk of potential misstatement in the financial statements of BHP for the year ended 30th June 2012.
[HINT: To score well in this assignment you will be required to research BHP’s financial results, the financial press, and other business media to obtain a better understanding of the inherent risks. You may use the issues you identified in assignment 1 to discuss the nature of the apparent risks]. You are expected to identify six (6) critical inherent risks.
 (6 x10 = 60 Marks)
2. Using the information you have collected to assist you in answering question 1 (above本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。