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Add in libraryASA 701 Communicating Key Audit Matters In The Independent Auditor’s Report
Required: Students are required to research into the rationale for the new auditing standard ASA 701 and explain clearly what it is. Each student is to select an industry, eg. banking, mining, etc and analyse key audit matters in the independent auditor’s reports of all companies in that industry in ASX top 100 listed companies so as to evaluate the efficiency of reporting key audit matters in the independent auditor’s report (i.e. does key audit matters disclosure provide more information to users).
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The report is to be fully referenced (including the annual reports of companies selected for your assignment) and up to 2,500 words (assignment in excess of 2,500 words will be penalised 10% of the marks). There should be a minimum of 8 academic references
