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Underlying aim The assignment task aims at assisting students to learn and develop the following key skills: Research Critical thinking Writing professional level business report Communication Students will learn and develop these skills by analysing the case company from the point of accounting in general and planning and designing audit approach in particular. Your assignment work must meet basic academic and professional standards which include articulate, critical, supported by evidence, free from errors and more importantly free from plagiarism (i.e. your own work). This assessment item assesses the following learning outcomes Evaluate critically significant auditing standards and ethical questions Describe final verification audit testing of financial reports Evaluate the appropriateness of and then prepare different types of audit reportsThe audit partner asks you to commission the report. Your report should be critical but at the same time presented in easy-to-read and understand format. The report should address the followings in critical and considered manner:
Examine the background information in relation to the types of risk that you would consider when determining preliminary materiality for the 2014 audit of Gold Coast Paradise.
Identify the factors that would impact on the risk of material misstatement and explain the effect of those factors on planning materiality and risk for the 2014 audit of Gold Coast Paradise.



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