TMA Auditing and Assurance Services
Order ID |
53563633773 |
Type |
Essay |
Writer Level |
Masters |
Style |
APA |
Sources/References |
4 |
Perfect Number of Pages to Order |
5-10 Pages |
Description/Paper Instructions
TMA Auditing and Assurance Services
About TMA:
The TMA covers Principles of Auditing & Other Assurance Services. It is marked out of 100 and is worth 20% of the overall assessment component. It is intended to assess students’ understanding of some of the learning points within chapters 1 to 5. This TMA requires you to apply the course concepts.
The TMA is intended to:
- Increase the students’ knowledge about the reality of Auditing as a profession.
- Assess students’ understanding of key learning points within chapters 1 to 5.
- Develop the ability to understand and interact with the nature of the professional standards & internal control in reality.
- Develop students’ communication skills, such as memo writing, essay writing, analysis and presentation of material.
- Develop basic ICT skills such as using the internet & e-library resources..
The TMA:
The TMA requires you to:
1- Review various study chapters (from Chapter 1 to 5) of ‘Principles of Auditing & Other Assurance Services’ Book and apply some of the concepts within it.
2- Conduct a simple information search using the internet.
3- Present your findings in not more than 1,200 words. The word count excludes headings, references, title page, and diagrams.
4- You should use a Microsoft Office Word and Times New Roman Font of 14 points.
5- You should read and follow the instructions below carefully. Each part of the process will carry marks for the assignment.
Criteria for Grade Distribution:
Criteria |
Content |
Referencing& e-library |
Structure and Presentation of ideas |
Total marks |
|
|
|
|
|
Marks |
100 |
(5) |
(5) |
100 |
Financial Reporting on the Internet (GULF HOTELS GROUP BSC)
The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.
Gulf Hotels Group BSC is a public limited liability company quoted on the Bahrain Stock Exchange which was incorporated in 1967, under the name of Bahrain Hotels Company. The vision of the then Bahrain Hotels Company back in 1967 was to provide a standard of hospitality unrivalled on the Island, which was duly delivered with the opening of Bahrain’s first five-star property, the Gulf Hotel. Some forty years later, this philosophy remains the same although the Gulf Hotel has changed beyond recognition, continually expanding and upgrading to meet the modern-day demands.
In 2016, the Group also commenced the construction of the Gulf Executive Residence Juffair, a 109 unit luxury apartment facility which will open in 2018 and acquired ownership of Bahrain Tourism Company, owners of the Crown Plaza Hotel Bahrain and major shareholders of African and Eastern Bahrain.
Gulf Court Hotel Business Bay, the Company’s first hotel establishment in Dubai, opened in 2018, catering to the Business Bay area in UAE. The hotel features 270 rooms with top-class facilities for both leisure and business travellers.
Access the Gulf Hotels Group web page at: https://www.gulfhotelsgroup.com/ghg_annual_reports.php, then download the annual report 2017 (English) in PDF Form.
Use the annual report to answer the following questions.
Go to “Report of Independent Registered Public Accounting Firm”& answer the following questions. Read the report carefully.
1- Name the external auditor of GULF HOTELS GROUP BSC. Give some introduction on the functions of external auditor and provide reference from report. (10 marks)
2- What do you understand by material misstatements? Is there any material misstatement reported by the external auditors while performing audit procedures? (10 marks)
3- Who is responsible for preparing financial statements of GULF HOTELS GROUP BSC? What is the external audit report on the presentation of financial statement of GULF HOTELS GROUP BSC? Name the different Financial statements that audited by external auditors. (10 marks)
4- Discuss the difference between the Audit Committee Report and Auditors Report. What is the basic information discussed in these two reports?
(10 marks)
5- Explain the term ‘Audit Risk’ and ‘Audit evidence’. How auditors can reduce audit risk, support your answer from annual report of GULF HOTELS GROUP BSC.
(10 marks)
6- What do you understand by assumption “going concern”. What auditors view on the company assumption of going concern? (10 marks)
7- Are auditors responsible for frauds? Discuss the auditor responsibility for the detection of errors and frauds? Support your answer from the Annual report of GULF HOTELS GROUP BSC. (10 marks)
8- What does the term “internal control” means? What are the views of external auditors on management internal control over financial reporting? (10 marks)
9- What do you understand by the term “independence in opinion”? Support your answer with evidence from Annual report of GULF HOTELS GROUP BSC. (10 marks)
10- Write a summary on the auditor’s report, in your discussion you need to elaborate the key audit matters. (10 marks)
In your answer, you should explain each point or inquire separately. Use the following headings (below) to make up the different sections of your answer:
PT3 form (Cover) |
Available in Moodle. |
Contents |
Title and contents page |
TMA |
Financial Reporting on the Internet |
Reference list |
Recorded according to the Harvard style – Available in LMS. |
RUBRIC
QUALITY OF RESPONSE |
NO RESPONSE |
POOR / UNSATISFACTORY |
SATISFACTORY |
GOOD |
EXCELLENT |
Content (worth a maximum of 50% of the total points) |
Zero points: Student failed to submit the final paper. |
20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. |
30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. |
40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. |
50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. |
Use of Sources (worth a maximum of 20% of the total points). |
Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. |
5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. |
10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. |
15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. |
20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. |
Grammar (worth maximum of 20% of total points) |
Zero points: Student failed to submit the final paper. |
5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors |
10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors |
15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. |
20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. |
Structure of the Paper (worth 10% of total points) |
Zero points: Student failed to submit the final paper. |
3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. |
5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper |
7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. |
10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. |
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