Internal Control and audit upto 4000 words (30th April)

Internal Control and audit

COURSEWORK ASSESSMENT BRIEF

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

Submission deadline is Tuesday 1st May 2018 by 11:59pm.

The assignment brief and submission guidelines are detailed below:

Learning Outcomes TO BE Assessed:

· Critically evaluate \ 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.

ASSIGNMENT BRIEF

‘Historically, internal audit has been viewed as a monitoring function, the "organizational policeman and watchdog" (Morgan, 1979, p. 161), tolerated as a necessary component of organizational control but deemed subservient to the achievement of major corporate objectives. An examination of the pressures on internal audit in recent years reveals the struggle to demonstrate that the function can add value.’

Spira, L. and Page, M.(2003) Risk management: The reinvention of internal control and the changing role of internal audit Accounting, Auditing &Accountability Journal, Vol 16, No 4, pp 640-661

Drawing upon suitable theories, frameworks and evidence from literature to support your argument/s, critically evaluate and discuss whether or not internal audit does indeed add value to an organisation.

Your submission should be properly referenced (Harvard System) using academic sources and should be no more than 4,000 words (excluding reference list and any appendices).

Further assignment information

SUBMISSION GUIDELINES:

· Hand-in date for this assignment is Tuesday 1st May 2018 by 11:59pm.

· Your answer should be submitted FOR THE ATTENTION OF Lucy Morrison

· Submission of this assignment should be in one format:

· An electronic version must be submitted through TURNITIN (via Blackboard) also by the above deadline.

· The overall assignment should be of no more than 4,000 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.

· A breakdown of how the essay will be assessed is provided for you below:

Assessment Criteria	% of total marks
Introduction	15
Main content (credit will be given to the use of contemporary examples and recent cases)	50
Conclusion	15
Structure and overall style	10
Referencing	10
TOTAL	100