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Audit I Project or Assignment Guidelines

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3 views

Audit I Project or Assignment Guidelines

Uploaded by

nahomkidane994
Copyright
© © All Rights Reserved
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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UNITY UNIVERSITY

Auditing Principles & Practices I


Assignment – Group Project

1. General Instruction

This guideline ensures clarity and allows students to approach the assignment with a structured
plan while honing theoretical and practical skills in auditing.

Here’s a guideline for an Introduction to Auditing assignment or project for students. This can
be customized based on your specific course objectives.

2. Assignment Title: Introduction to Auditing .........

The purpose of this assignment is to familiarize students with the fundamental concepts of
auditing and provide an opportunity to apply them in real-world scenarios. Students will
develop analytical, research, and reporting skills while understanding the role of auditors in
maintaining transparency and accountability.

3. Assignment Objectives:

1. Understand the core principles of auditing.

2. Identify the different types of audits and their purposes.

3. Apply auditing standards and procedures in practical scenarios.

4. Analyze and present findings in a professional manner.

4. Assignment Instructions:

Part 1: Research (Theory)

1. Define the term “auditing” and explain its objectives.

2. Discuss the different types of audits (e.g., financial audit, internal audit, operational audit).

3. Explain the principles and standards of auditing (e.g., independence, professional skepticism,
evidence-based approach).
4. Discuss the role and responsibilities of an auditor in an organization.

Part 2: Case Study or Practical Application

1. Choose a real-world company or create a hypothetical organization.

2. Identify a specific area of audit (e.g., inventory management, payroll, financial reporting). It's
already given as a title.

3. Outline the steps for conducting an audit of the chosen area. This should include:

a. Planning the audit

b. Identifying risks and controls

c. Designing audit procedures

d. Collecting and evaluating evidence

4. Summarize your findings and recommend improvements or actions based on your audit.

Part 3: Ethical Considerations

1. Highlight ethical issues that auditors may face.

2. Propose ways to handle ethical dilemmas in auditing.

5. Submission Requirements:

1. Format: Typed, double-spaced, 12-point font, and professional formatting.

2. Length:

Part 1: 2-3 pages.

Part 2: 3-4 pages.

Part 3: 1-2 pages.

3. References: Use at least 5 credible sources, including textbooks, academic journals, or audit
standards. Properly cite all references using APA/MLA style.
4. Deadline: [one weak before your final exam]

6. Evaluation Criteria:

1. Research (30%): Depth of understanding and quality of discussion in Part 1.

2. Application (40%): Practicality, logical flow, and accuracy in Part 2.

3. Ethics (20%): Insight and originality in Part 3.

4. Presentation (10%): Grammar, structure, and adherence to formatting guidelines.

Tips for Success:

1. Review relevant audit standards (e.g., ISA, GAAS) and principles before starting.

2. Focus on real-world application and provide clear, actionable recommendations.

3. Avoid plagiarism by properly citing all sources and using your own words.

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