need help with paper

Note: I need 2-3 pages paper on the following instructions. Must address all sections properly and must give most description weight on section C. Must include 3-4 scholarly references in APA. Your answer must be 100% original.

Instructions:

The auditor’s report is the key to communicate the results of the audit process to information users. In response to the expectation for a more informative auditor’s report from various stakeholders, AUASB proposed the new audit standards on auditor’s report as the convergence to the international auditor reporting standards (IAASB 2014), to be effective December 2016.

A. Why did AUASB (IAASB) propose the changes to auditor’s report?

B. Compare the proposed Australian changes to the auditors’ report with the auditors’ report on a large listed FTSE100 company from the UK and a large listed FORTUNE100 company from the US. Present your comparison using a table or a figure/chart.

C. Critically comment on the likely impact of the changes to various stakeholders, e.g., the auditors, the shareholders, and other stakeholders.

Suggested readings:

·         http://www.iaasb.org/new-auditors-report

·         http://www.auasb.gov.au/Work-In-Progress/Open-for-comment.aspx

·         Carson, E., Zhang, Y., and Fargher N., 2014, “Audit Reports in Australia 2005-2013: Preliminary Findings”, CPA Australia. Available athttp://www.cpaaustralia.com.au/~/media/corporate/allfiles/document/professional-resources/auditing-assurance/audit-reports-in-australia.pdf