Auditing comprises of a wide range of activities, beginning from initial audit planning, substantive testing, study of internal controls to gathering evidence for the final audit report. It is the inspection of an organisation’s financial records or books by an auditor, internal or external, to ensure that the records accurately represent all transactions. It is usually followed by physical verification of inventory and assets, as it is the most important part of an audit. Since, auditing assignments need special attention to be paid while collecting and evaluating evidence, students often seek outside help with auditing assignment writing.
My Assignment Services provides auditing assignment writing help, as part of accounting assignment help services. Our auditing assignment writing help experts understand the modern audit practice environment, and have in-depth knowledge of auditing standards that lie within the Australian legal framework. Our team consists of experts, holding years of experience in various types of auditing, financial and tax auditing, investigative auditing, compliance auditing, etc. Our experts’ understanding of audit techniques and procedures, manual and computerised, and their knack for auditing strategies, is what you need when you google ‘help to do my auditing assignment’.
It is hard to find reliable services which provide expert help with auditing assignment writing. My Assignment Services provides excellent auditing assignment writing services. Our experts hold a deep understanding of auditing standards as developed and maintained by the Auditing and Assurance Standards Board (AUASB).
The below snapshot is from an assignment which was recently solved by our auditing assignment help experts. The assignment was based on researching on the recent ASA 701, which mandated the communication of Key Audit Matters (KAM) in the auditor’s reports. ASA 701 defines KAM as the matters which were of most significance, in the auditor’s judgement. Our auditing assignment writing help experts understand the significance of KAM in the audit of the current financial report. The below diagram summarises the steps for determining KAM.
In the auditor’s report, the description of KAM should include references to the disclosures in the financial statements and should address the reasons why the matter was considered significant and how it was addressed in the audit.
In the rare case, that there are no KAM to communicate, the auditor should include a statement to that effect in the report.
As part of the below assignment, students were asked to pick an ASC Top 100 corporation, where the auditors have not mentioned the KAM, and present a fair view of the company’s matters in a summarised report, including relevant data from the General Purpose Financial Report.
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Auditing Case Study Example 1
In the below problem, our auditing assignment help experts undertook a comprehensive case study of the below company’s financial reports and income statements to comment on the auditing needs of the company. The assessment is aimed at advising the company on various points, like if they need to hire an expert for their audit, determining the overall materiality of the audit, etc.
The below question asks for the identification of the factors which have influenced the preliminary figure for overall materiality for the audit, and their relevance to the calculation.
Our auditing assignment help experts understand how the concept of materiality is fundamental to the auditing strategy. It is applied by the auditors in the initial planning stage, and when they evaluate the effect of misstatements on the audit. The aim is to identify the misstatements which influence the economic decisions of the users. ASA 450 requires the auditors to identify, accumulate and consider all identified misstatements during the audit and directs them to obtain written description from the management and from those charged with governance, regarding any effects these uncorrected misstatements might have.
The below diagram summarises the key steps that should be followed while determining materiality.
Auditing Case Study Example 2
Another case study that the experts of our ‘do my auditing assignment’ service have provided in the past is described below. The study was aimed at identifying the internal control activities of an Australian company - Caroma Bathrooms - specialised in the manufacture and supply of bathroom fittings. Below screenshot provided information on the companies’ sales and invoicing process.
Internal controls prove the effectiveness of operations, as they provide confirmation on the reliability of financial reporting, and compliance with applicable regulations. They can be detective, corrective or preventive. These mainly include segregation of duties, information processing and physical controls. Our auditing assignment writing services will put an end to your search for expert auditing assignment help.
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Based on the information provided, the below questions were posed for the students to answer. The experts at our auditing assignment writing services provided winning solutions to the below assignment.
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