Assurance and Risk: COURSEWORK Re-ASSESSMENT BRIEF

This assignment is to be in an academic essay format and completed on an individual basis.

The assignment brief and submission guidelines are detailed below:

Learning Outcomes TO BE Assessed:

• Critically evaluate the nature, purpose and scope of internal control audit processes within business organisations as tools to reduce business risks.
• Explain and evaluate accounting and internal control risks and systems.
• Appraise and critically review control risks and procedures necessary to mitigate such risks.
• Explain and evaluate internal control procedures.
• Explain and evaluate internal audit procedures.
• Explain and be aware of the extending internal audit horizons.
• Use both quantitative and qualitative techniques in order to analyse and evaluate issues relating to internal controls and audit.

It may be that, due to the possible diversity of student response, learning outcomes will be covered to differing / varying degrees by each student. The students should be answering the question set in the assignment brief and not the above-mentioned learning outcomes.

ASSIGNMENT BRIEF

“Presently, the perceived value and professional image of IA among stakeholders outside the IA community is not where IA professionals and the IA profession would wish it to be. When taking a closer look at reality (Anderson, 2009; KPMG, 2009; PWC, 2010; Ernst & Young, 2012; Lenz and Sarens, 2012; PWC, 2013), a certain degree of disappointment among IA stakeholders in regard to the role and relevance of IA before, in and after the last financial crisis that started in 2007 cannot be ignored.”

Rainer Lenz, Ulrich Hahn, (2015) “A synthesis of empirical internal audit effectiveness literature pointing to new research opportunities”, Managerial Auditing Journal, Vol. 30 Issue: 1, pp 6.

Drawing upon suitable theories, frameworks and evidence from literature to support your argument/s, critically evaluate and assess whether internal audit functions contribute in the smooth running and success of organisations.

 Your submission should be properly referenced (Harvard System) using academic sources and should be no more than 3,500 words (excluding reference list and any appendices).

Further assignment information

 

SUBMISSION GUIDELINES:

• Submission of this assignment should ideally be in an academic essay format (see the assessment criteria for more guidance):
• An electronic version must be submitted through TURNITIN (via Blackboard) by the above deadline.
• The overall assignment should be of no more than 3,500 words in total.
• Note that the list of references is not included in the word count.
• All of the usual University regulations will apply with regard to the late submission of work and plagiarism – see the module/programme handbook for an outline of certain areas.
• All grades are provisional until ratified by the programme board.