ACC30010 Auditing - Parliamentary inquiry into Audit Quality Assignment

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On 1 August 2019 the Senate referred an inquiry into the regulation of auditing in Australia to the Parliamentary Joint Committee on Corporations and Financial Services for report by 1 March 2020.

Required:
Conduct research on the Parliamentary inquiry, then answer the following questions:

  1. Discuss the focus of the inquiry (300 words);
  2. Explain what is meant by the term ‘audit quality’ (100 words);
  3. Discuss what brought about the need for the parliamentary inquiry 500 words); and
  4. With reference to APES 110 Code of Ethics for Professional Accountants, discuss which elements of ‘The Code’ relate to matters of interest to the inquiry (600 words).

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