Assessment Description:
You are required to summarise, IN YOUR OWN WORDS, the requirements and the key highlights of ANY ONE of the following pronouncements published by AUASB:
• Framework for Assurance Engagements
• ASQC 1: Auditing Standard ASQC 1 Quality Control for Firms that Perform Audits and Reviews of Financial Reports and Other Financial Information, Other Assurance Engagements and Related Services Engagements
• ASA 220: Quality Control for an Audit of a Financial Report and Other Historical Financial Information
• ASA 315: Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Its Environment
Assessment requirements:
Part A: Written submissions (10%): You are required to write an essay (of no more than 1,000 words) summarising the requirements of your chosen pronouncement.
Part B: Communication Skills – Presentation (10%) – The individual presentation will need to keep the audience engaged; the presentation should be well-rehearsed and all supplementary material, such as slides and visual aids must be of a professional standard. You are required to summarise the requirements of your chosen pronouncement within 5 minutes.