BAP 41 adoption of malpractices

• This is a Group Assignment of 3-5 members (or as agreed with your Lecturer)
• Write each of your Student Names and Numbers at the top of this page IN THE BOX PROVIDED
• Groups are to choose between a Presentation OR a Creative option and inform the Lecturer on their choice.
• All groups are to submit their ‘Group Assignment Self and Peer Evaluation’ (attached in Moodle). Marks will only be released once these have been received. 

Auditing & Assurance:    BAP41

Semester 1 2018:                   Creative Approach and Analysis or Presentation & Analysis

Assignment Submission:    Week 10 (PowerPoint Slides and Excel Spreadsheet)

                                                Week 11 (Creative Attempt)

Week 10, 11 or 12 (Presentation)

Submission Method: via Moodle or USB or other method agreed with your lecturer

Marks:                                    The assessment will be reduced to 10 marks (5 marks for the analysis and 5 marks for the individual contribution) 

1. Group Presentation due Date and Submission

As per the subject description, a creative attempt or in class group presentation constitutes 10% of the total assessment in this subject. Due date is week 10, 11 or 12 in class time (refer above).

• Groups will be formed / allocated by week 5 (this is the responsibility of the individual student).
• Group presentation time will be allocated from week 5.

Students are required to complete the assessment in groups of 3-5 and do not have an automatic entitlement to adopt some other arrangements without prior permission from the lecturer.

Each group need to follow the creative / presentation / analysis assessment criteria refer section (9) & (10) and each member of the group needs to participate in the presentation (if that option is selected). PowerPoint slides (six slides in one page) are to be submitted in the presentation time in class before presentation.

Each group will also need to submit a Group Assignment Self and Peer Evaluation – marks will not be allocated until this has been completed and handed into you lecturer.

2. Objective

BAP41 covers a range of important theory and practice of issues in Auditing & Assurance. The main purpose of this assessment is to provide students with the opportunity to extend their understanding and practical application in a key audit skill (Analytical Review Procedures) which are used throughout an audit and in practice have been deemed to be effective in highlighting potential earnings management issues.

3. Assessment criteria

In assessing the creative / presentation and analysis consideration will be given to overall neatness, completeness and quality of the creative or presentation, timeliness of submission and demonstrated application of the core skills required to undertake effective Analytical Review procedures.

You will acquire a range of excel skills such as writing formulae to perform accounting analytics and summarising your results using pivot tables, graphs and slicers. Those skills will enable you to prepare an accounting analytics dashboard which will enable reviewers to understand your approach, analysis and conclusions.

You will be required to analyse the financial information of ABC Learning over the period 2000-2007 using Analytical Review techniques such as DuPont Analysis, Common Size, Trend Analysis and the Beneish M-Score models (refer Week 4 lecture) to identify:

• any potential earnings management
• in which accounts and
• for which years.

In assessing the presentation the following criteria including marking criteria (section 9 & 10) will be followed.

Clarity

Presentations are expected to be made in a clear, concise and understandable manner. It is required that an outline be made at the inception of the presentation to show introduction, body and conclusion of the presentation. Presenters’ ability to comply with the outline will be assessed. 

Presentation Tools

It is required that Slides must be used. Non-compliance will result in a fail grade. Other visual aids are encouraged to be used (i.e. charts, graph etc.).

Duration

Students should comply with the duration requirement as per unit outline. The presentation time should not exceed 10 minutes. Presentation too long or too short will be penalised. In assessing the Creative the following criteria will be used: 

• Research Effort
• Understanding and critical reflection
• Originality / creativity
• Effectiveness of Message 

The creative effort should be no more than 10-15min duration. For the detail please refer to attached Rubric’s.

4. Group Presentation:

Students will be required to act as an Audit Senior involved in the Audit of ABC Learning who is completing the Audit Planning and is responsible for the effective Analytical review of the historical financials covering the years 2000-2007.The results of your review will need to be summarised for your Audit Manager highlighting areas of concern and recommendations in terms of changes to the Audit Strategy. 

5. Plagiarism 

Taking another person’s ideas, words or inventions and presenting them as your own without acknowledging your sources (citing or referencing), is plagiarism. Paraphrasing or rewording another person’s work, without acknowledging its source, is also plagiarism. If you are identified with plagiarism assessment mark will be zero. 

6. Referencing

Correct referencing is important for two main reasons. The first is to enable the reader to access source material you have relied upon, should they care to. The other is to ensure that you have properly recognized the contribution of the work of others to your assignment. If you do not do this properly, you are engaging in plagiarism—the theft, intentional or otherwise, of the intellectual or creative work of others. 

UBBS will not tolerate plagiarism. It is therefore important that you understand how to avoid it. It is important that you adopt a consistent, and adequate, referencing system. Reference system to be used Harvard Anglia. 

7. Groups:

Your group will be required to select a Group Lead who will be the contact person for the group and lecturer. The Group Lead will also submit the Group Assignment on behalf of everyone in the group.

Requirements:  Group Oral Presentations (50 marks reduced to 5 Marks)

From week 5, you will be allocated a group for your Group Presentation. These selected groups will be either self-selected or allocated by lecturer. You will work with the other members and provide a 10 minute presentation in either week 10, 11 or 12 covering your findings, analysis and impact on Audit Strategy. All members of the group must participate for marking and your presentation scores are individual. 

8. Analysis Requirements and Layout:

The PowerPoint presentation (Analysis) is to be in a format acceptable for a professional presentation. The Analysis should include the following sections as a minimum.

1) Introduction (this should state what the purpose of the report is, what Accounting theme is being explored, which company is being reviewed (if applicable), which standards / criteria are being applied etc.)

2) Literature Review (review the relevant Auditing standards impacting your approach)

3) Application of DuPont Analysis, Common size, Trend analysis and Beneish M-Score

4) Analysis (this is the main body and provides your research findings)

5) Summary of Findings (this section highlights the key findings from your analysis)

6) Recommendations (this section summarises YOUR key recommendations and emphasises your JUDGEMENT)

7) Conclusion (this section should reflect upon what you stated in the introduction i.e. what you have done and what you found. The conclusion is about closing the analysis and NOT introducing new material.)

8) Appendices (These are optional and can include any additional findings and materials you believe are relevant)

9) Referencing (Harvard Anglia compliant)

You may find it very useful to make a table using these 9 points as a starting point to review your GROUP’s Analysis.

You should also use the attached RUBRIC (refer Section 9 and 10) to self-assess how well your Analysis reaches the targeted outcomes.

9. Analysis Rubric

10. Verbal Presentation Assessment Criteria

You will be assessed during your presentation on the following components:

The presentation will carry an individual score of 50 marks (reduced to 5 Marks) and will be based on how well students demonstrate the following presentation skills:

• Clear communication and engagement with the audience, use of eye contact to involve audience members
• Appropriateness and use of visual aids
• Ability to answer questions convincingly
• Marks will be deducted for exceeding the overall presentation time limit of 10min

11. Creative Assessment Criteria

You will be assessed on the following components:

• The main purpose of the presentation is to give a detailed insight into how adoption of malpractices can spell doom for an entity via example of ABC LEARNINGS.
• This presentation will include the study of relevant auditing standards 
• The Accounting theme that is being explored is the correct preparation and presentation of the financial information.
• The analysis of the financial performance will be done using some effective and time tested financial tools.