The Assignment Topic Is As Follows Guan Su Wu And Yang S 2016 P 522 Concludes That D 2473843

The Assignment topic is as follows:

Guan, Su, Wu and Yang’s (2016, p. 522)concludes that “despite the potential positive effect

of social ties on more efficient information sharing, social ties among economic agents

weaken monitoring mechanisms in governance” thus affects audit quality adversely.

Nevertheless, can this finding based on the Chinese economy apply to all economies?”

Required:

i. Explain the key auditing problem/issue identified in Guan et. al. (2016); (2 Marks)

ii. Determine the facts and circumstances that lead to this problem/issue; (4 Marks)

iii. Based on your own additional research, evaluate the reasons for and against the

global applicability of the Guan et. al.’s (2016) finding; (12 Marks)

iv. Conclude your “for” or “against” position with the strongest argument;

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ACCG 925 Auditing and Assurance Services Session 3, 2017 Individual Assignment (Worth 30% of total assessment) The purpose of the assignment is to develop your ability to synthesise, critically examine and evaluate relevant professional and academic literatures in informing and justifying your discussion on specific audit topic(s) and to appreciate the importance of research in informing audit practice. The assignment also aims to develop and to facilitate an orientation to lifelong learning, and transfer of knowledge and skills from the course into the professional workplace. This assessment is an individual task. The Assignment topic is as follows: Guan, Su, Wu and Yang’s (2016, p. 522) concludes that “despite the potential positive effect of social ties on more efficient information sharing, social ties among economic agents weaken monitoring mechanisms in governance” thus affects audit quality adversely. Nevertheless, can this finding based on the Chinese economy apply to all economies?” Required: i. Explain the key auditing problem/issue identified in Guan et. al. (2016); (2 Marks) ii. Determine the facts and circumstances that lead to this problem/issue; (4 Marks) iii. Based on your own additional research, evaluate the reasons for and against the global applicability of the Guan et. al.’s (2016) finding; (12 Marks) iv. Conclude your “for” or “against” position with the strongest argument; (4 Marks) v. Lastly, outline the limitations of your argument. (3 Marks) Communication Quality (5 Marks) Reference: Guan, Y., L. Su, D. Wu, and Z. Yang. 2016. Do school ties between auditors and client executives influence audit outcomes? Journal of Accounting and Economics, 61 (2/3): 506–525.Important information regarding the assignment is as follows: • You need to submit one file which includes the following: 1. The assignmenttemplate which is available on iLearn. Please follow the template. No introduction or conclusion is required….

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