Assignment 2: Audit plan

Teaching Period 1, 2020

ACC30010: Auditing

Assignment 2: Audit plan

After you have read this information, head over to theAssignment 2 Q&Adiscussion board to ask any questions and see what your peersare saying about this assignment.

Assignment overview

Assignment details

You will need to refer to the case study in theAppendix(Links to an external site.)(p. A1) of your eText. Based on the case study notes, assemble an (albeit imaginary) audit team and construct an audit plan/program for the accounts payable section only of this engagement.

Specific requirements:

1. Present a response focussing on theRPL case study(Links to an external site.)in your eText. You will be required to provide clear evidence that you have read the case study notes and that your planned work is in response to matters detailed in the notes. While it is understood there will be generic matters applicable to the audit of accounts payable, you will need to make sure you include these as well. You will need to provide clear evidence that your assignment is a direct response to the case study notes.


2. Choose an appropriate format for your audit plan/program. There is an extract of anAudit Program(Links to an external site.)on page 207 of your eText that you can use as a starting point. However, more columns and rows will need to be added. For instance, you will need to have a column to indicate which assertion is being addressed by the test (for test of controls, the 'audit objectives' column would be reworded to 'controls to be tested' or similar). An online search will provide many more equally acceptable templates. A tabular format is preferred for your audit plan/program. However, some explanatory discussion will be required for some sections of the assignment.


3. Since the audit plan/program requires you to assign staff to the scheduled work, you will need to put together an imaginary team. In this section, please introduce us to your team members, indicating their position, seniority, education, experience etc. so that in the audit plan you can simply allocate tasks to them using their initials.


4. The nature, timing and extent of the audit refers to the procedures that you plan to undertake i.e. what, when, how many? Make sure that you also state the assertions/controls to be tested by the planned audit procedures. These sections should be presented in table format. However, you can add extra discussion below the table if you feel it’s necessary. These items should communicate exactly what your audit objectives are, what work is planned to be undertaken, and by whom, in the audit of accounts payable.

Supporting resources

• 
  Team charter template (DOC 57 KB)
  
  
  .


• 
  Assignment supporthashelpful guidesincluding how to useTurnitin.


• TheStudy resourcessite has a number of tools to assist you with completing assignments, including:
  
  
  • 
    Tips for successful teamwork.
  
  
  • 
    Dealing with team conflict.
  
  
  • 
    Missing team members.
    
  
  
  • 
    Understanding word limits.
    
  
  
  • Assistance withSubmitting assignments generallyandUsing Turnitin specifically.
    
  
  
  • 
    Referencing and plagiarism.
    
  
  
  
  


• 
  Swinburne Harvard style guide.
  

Submission details overview

Assignment criteria

Request for assignment extension

Assessment declaration

All students must agree to the following declaration when submitting assignment items.

Declaration and Statement of Authorship

1. I have not impersonated, or allowed myself to be impersonated by any person for the purposes of this assignment.


2. This assignment is my/our original work and no part of it has been copied from any other source except where due acknowledgement is made.


3. No part of this assignment has been written for me by any other person except where such collaboration has been authorised by the lecturer/teacher concerned.


4. I have not previously submitted this work for this or any other course/unit.


5. I give permission for my assignment response to be reproduced, communicated, compared and archived for plagiarism detection, benchmarking or educational purposes.

I understand that:

• Plagiarism is the presentation of another person's work as though it is your own. It is a form of cheating and is a very serious academic offence that may lead to exclusion from the university.


• Plagiarised material may be drawn from published and unpublished written documents, interpretations, computer software, designs, music, sounds, images, photographs, and ideas or ideological frameworks gained through working with another person or in a group.


• Plagiarised material can be drawn from, and presented in, written, graphic and visual form, including electronic data and oral presentations. Plagiarism occurs when the origin of the material used is not appropriately cited.

I agree and acknowledge that:

1. I have read and understood the Declaration and Statement of Authorship above.


2. I accept that use of my Swinburne account to electronically submit this assignment constitutes my agreement to the Declaration and Statement of Authorship.


3. If I do not agree to the Declaration and Statement of Authorship in this context, the assessment outcome may not be valid for assessment purposes and may not be included in my aggregate score for this unit.


4. I am aware that it is not acceptable to resubmit the same piece of work (in part or as whole) for multiple assignments without permission from the Unit Coordinator.

Penalties forplagiarismrange from a formal caution to expulsion from the university, and are detailed in theStudent Academic Misconduct Regulations 2012.