I need a 2000 word paper for the attached assignment...

ACC8000 ASSIGNMENT THREE, DUE 15 June, 2015, 11:59pm, 50% This assessment task will be testing your individual responses to the questions contained in this document. It will enable you to demonstrate your knowledge and the application of skills relevant to that knowledge, as well as your communication skills. Learning objectives: Learning objective 1: Demonstrate an understanding of applied research problems in financial accounting, and prepare strategies for their solution. Learning objective 2: Demonstrate an understanding of applied research problems in auditing, and prepare strategies for their solution. Learning objective 3: Demonstrate an understanding of applied research methods. Learning objective 4: Collect and analyse accounting research data using applied research methods. Learning objective 5: Designing applied accounting research methods. Please use the following guidelines to submit your answers. Submission Guidelines: 1. Your assessment task will be graded only if it is word processed (i.e., not hand written) and submitted electronically as set out in point 2 below. 2. Please submit this assessment task electronically through the Study Desk. 3. See Assessment Submission Instructions (How to submit your learning/assessment tasks to the study desk) in the Assessment folder of the study desk for course ACC8000. Requirements: There are two parts to this assignment. Part A addresses issues in financial accounting and comprises 70% of this assignment. Part B addresses issues in auditing and comprises 30% of this assignment. The word limits for this assignment are Part A 2,100 words and part B 900 (excluding the reference list). The assignment will be marked out of 100 marks. 1 PART A You have just started working at the Sunnyside Company. The chairperson of the board has a degree in economics and agency theory has guided the determination of executive compensation. Executives receive compensation comprising salary and performance bonuses. The recent departure of two executives has resulted in discussions by board members about the effectiveness of the current compensation system in motivating and retaining the executives. In their exit interview one of the executives commented that the CEO was difficult to work with as he lacked empathy and was a bully. You have been asked to prepare a report to the board about executive compensation. To compile this report you will need to analyse the existing approaches and consider the findings of research about executive compensation. Several questions have been asked at board meetings about executive compensation. One member of the board asked, \"Is it appropriate to use the same proportions of different benefits for each of our key executives, when they appear to have very different personalities and motivations?\" Another asked why there was a large difference between the CEO's compensation and the other executives. Issues were also raised about hiring a compensation consultant and establishing a compensation committee. One of the directors recommended their cousin, who recently graduated with an MBA as an ideal choice for the compensation consultant. The four key executives whose compensation needs to be determined are: Mr Bill Syme CEO. Bill has been the CEO for 10 years. Sixty years old, he is very charismatic and visionary. During the 2009 financial crisis Bill led restructuring of the company that saw the retrenchment of 50 employees. Since then Bill has been instrumental in growing the company through two acquisitions. Dr Kate Selling, the CFO, is 35 years of age. She recently joined the company and is a qualified financial planner. Mr We Lu, is 42 and recently immigrated from China where he worked in a similar role. Ms Sarah Jones, CIO has been with the company 12 years and is 57. She has a Bachelor of Computing. Your report to the board should contain the following: 2 1. Provide an outline of agency theory and its assumptions and its influence on approaches to executive compensation. (Provide some examples to the board in your report from your e-readings for topic 7 as well as other readings where you think it is appropriate.) 8 marks 2. Discuss and evaluate research that questions the assumptions of agency theory and its approaches to executive compensation. (Your evaluation should include e-readings for topic 7 as well as other readings where you think it is appropriate in your report to the board.) 8 marks 3. To answer the question from one member of the board \"Is it appropriate to use the same proportions of different benefits for each of our executives, when they appear to have very different personalities and motivations?\" consider the following in your report to the board: a. Is a standard approach to all executive compensation appropriate or should the individual differences of executives be considered? b. If you believe individual differences of executives need to be taken into account, what are some individual characteristics that should be considered and what impact might these characteristics have on structuring individual executive compensation? Link these differences, where applicable to the details provided about the Sunnyside's executives. (Support your comments to the board in your report from your e-readings for topic 7 as well as other readings where you think it is appropriate) 20 marks 4. Address the concern expressed regarding the large difference between the CEO's compensation and that received by the other executives. Why might this difference have arisen and is it reasonable to allow it to continue? (Support your comment to the board in your report from your e-readings for topic 7 as well as other readings where you think it is appropriate.) 10 marks 5. What other factors about employees should be considered when determining executive compensation? (Provide information about these other factors to the board in your report from your e-readings for topic 7 as well as other readings where you think it is appropriate.) 8 marks 6. What would you recommend to the board in structuring the proposed executive compensation committee and appointing the compensation consultant, given the board's desire for fair and reasonable compensation? Comment on the board member's suggestion that their cousin be the compensation consultant (Support your comment to the board in your report from your e-readings for topic 7 as well as other readings where you think it is appropriate.) 10 Marks 3 General format and presentation criteria 7. Providing a professional presentation (e.g., proof-reading and using the appropriate format, referencing and presentation). 6 marks PART B Use the two papers about the audit expectation gap, set in two culturally different countries (these will be available on the study desk on June 1, 2015). Compare and contrast (what are the commonalities and differences) between the two papers with relation to the following issues: 1. Briefly outline the research approached used by each paper. 2 marks 2. What were the research aims of each paper? 5 marks 3. How appropriate were the research approaches in addressing the aims of the two studies? 3 marks 4. Comment on the selection of participants and the extent to which the choice of such participants is appropriate to answer the research questions posed by each paper. 5 marks 5. The findings of each paper. 5 marks 6. What impact might the location of the study for each paper have on the findings? 5 marks 7. Comment on the rigour of the studies. What has been done in each paper to ensure the findings are valid? 5 marks 4