MA611 Auditing Page 3 of 5 Assessment Task Description In addition to the Submission Guidelines appearing on page 1, the assignment is to be completed individually. The submission into the specific assignment drop box in Moodle is to be made by each student individually. This assignment is comprised is a single academic paper discussing a case, and is marked out of 40 marks and scaled back to 20% The marking rubric below sets out the requirements: Principally you will be marked on four components: (1) What happened at Clive Peeters that caused problems, including who held primary responsibility for the shambles. (2) Who was the auditor, and should they have discovered the fraud? (3) Legal issues (4) Ethical issues (5) Format, Presentation Quality and Demonstration of Research (10marks for each component) As mentioned above, the assessment should be presented in an academic paper format. A key aspect in your choice of format/layout should be to ensure you impart your key messages effectively (i.e., complete the requirements) and efficiently (i.e., it should be succinct and take into account the word limit). Make sure all pages are numbered, and the text fits within the margins of your pages. Make sure to include the relevant heading. Required: Discuss the failures of Clive Peeters and the issues surrounding the failure, and the responsibilities of the Audit Firm in regard to the failure. Couch your discussion to cover the four points indicated above. MA611 Auditing Page 3 of 5 Assessment Task Description In addition to the Submission Guidelines appearing on page 1, the assignment is to be completed individually. The submission into the specific assignment drop box in Moodle is to be made by each student individually. This assignment is comprised is a single academic paper discussing a case, and is marked out of 40 marks and scaled back to 20% The marking rubric below sets out the requirements: Principally you will be marked on four components: (1) What happened at Clive Peeters that caused problems, including who held primary responsibility for the shambles. (2) Who was the auditor, and should they have discovered the fraud? (3) Legal issues (4) Ethical issues (5) Format, Presentation Quality and Demonstration of Research (10marks for each component) As mentioned above, the assessment should be presented in an academic paper format. A key aspect in your choice of format/layout should be to ensure you impart your key messages effectively (i.e., complete the requirements) and efficiently (i.e., it should be succinct and take into account the word limit). Make sure all pages are numbered, and the text fits within the margins of your pages. Make sure to include the relevant heading. Required: Discuss the failures of Clive Peeters and the issues surrounding the failure, and the responsibilities of the Audit Firm in regard to the failure. Couch your discussion to cover the four points indicated above