ACCT300: Auditing and Assurance Services- Accounting Assignment

Internal Code: MAS1103

Accounting Assignment:

Question 1: Select an ethical and/ or legal issue encountered by auditors, and collect a minimum of five relevant articles from media and or academic journals. You are then required to analyse the auditing issue from the perspective of agency theory and common good with particular reference to auditors’ role in the issue. Your report should cover the following: 1. A brief overview of the topic as covered in the article including the nature of the auditing issue 2. Identification of ethical issues, stakeholders and their financial and non-financial consequences on stakeholders 3. Analysis of the problem in the context of relevant ethical theories and agency theory 4. Making recommendations so as to ensure a similar incidence does not recur and thus the accounting profession contributes to the common good. Remember to attach to your report the copies of articles you have selected. Question 2: Each group will be allocated a case which concerns a real life corporate scandal. For each allocated case, students should answer the following questions: 1.What was the scandal? 2.How did they do it? 3.When did it take place, and who was involved? 4.Who were the stakeholders in this situation, and what was the impact of this violation on the stakeholders? 5.What accounting principle(s) they violated? 6.How did the misdeed affect the stock price? 7.Who were the auditors, and what role the auditors played in this incidence?