The role of internal auditing in external audits

Auditing Assignment Instructions A. You are required to choose one of the companies below and do some research into its background and activities. If you wish to choose your own company this should be approved by your lecturer. The report should be completed in groups of two. However where the class size is less than 10, this should be an individual report. 1. One Tel 2. ABC Learning 3. HIH Insurance 4. Centro 5. Westpoint 6. Hasties 7. Olympus 8. Banksia 9. Storm Financial B. While you are reviewing the details you should think about the list of auditing aspects below and decide which ones relate to the company you chose. You will need to read the text book and do some research on specific auditing issues related to aspects below to make sure you understand what they mean. The audit expectation gap The role of the audit committee Ethics The role of internal auditing in external audits Materiality & risk Audit evidence Audit planning The auditors legal environment Auditor independence C. Write a report based on your research above. D. The report should consist of: ? Title page ? Executive summary ? Table of Contents ? Introduction ? Discussion ? Conclusions ? References ? Appendices

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