audit project

For a decade, audit firm KPMG had stamped Hyflux's annual reports with a clean bill of health, attesting to the water treatment company's ability to continue to operate.

But with the company now facing the possibility of liquidation after a scuppered restructuring deal on Thursday, its shareholders and investors are asking why auditors failed to flag the risk of Hyflux spiralling into heavy debt.

The Accounting and Corporate Regulatory Authority (Acra), which enforces Singapore's strict auditing and accounting laws and standards, said in a statement that it will also "assess if further action is warranted".

Corporate governance experts believe the accounting and auditing issue is likely to centre on Hyflux's 2017 books, which the company released in March last year and carry the unqualified opinion of the auditors. It had slipped into the red for the first time in 2017 since its listing in 2001.

Yet two months later in May, Hyflux shocked investors when it filed for bankruptcy protection. Its financial statements were prepared on the basis of going concern - an accounting method that assumes the company will remain solvent and operational indefinitely until proven otherwise.

(Adapted from The Straits Times, 6 April 2019)


In recent years, we have witnessed the sudden collapse of large corporations such as Hyflux in Singapore and Carillion in the U.K. Some investors and analysts have attributed this phenomenon to ethical threats impairing auditors’ independence and objectivity. Critically discuss the extent that external auditors are truly independent from their clients.

Reading and References – Your assignment should be supported by an appropriate number of academic references, as well as references to technical literature such as ISA’s and other regulatory references, Please indicate all references clearly in your assignment.

Your report should be double-spaced and word processed. The 1,500 words only includes introduction to conclusion. The rest is not included in the word count.

Assignments submitted will be subject to Turnitin’s assessment of originality in Moodle. This also seeks to ensure the proper citation of references by comparing students' electronic documents to a variety of online sources and to the Turnitin database.

Recommended Format

Introduction – You need to state the purpose of the report, i.e. identify that the report is a critical discussion of the extent that external auditors are truly independent from their clients.

Literature Review – Provides an in-depth review and current issues pertaining to ISA 200, specifically on auditor’s independence and professional scepticism. Highlight latest developments or recent case studies illustrating the concepts or principles, for example the new regulations under the EU Audit Reform.

Please ensure that the references are appropriately cited and presented in the references list.

Analysis of Potential threats to independence and objectivity – Critically analyse the current threats to independence, which also hamper professional scepticism in today’s auditing industry, which has already been subject to more intense scrutiny with tighter regulations implemented. Quote relevant case studies and examples to support your arguments.

Conclusion – Provide an informed conclusion which is justified by supporting arguments in your report.

Evner: Regnskab, Research Writing, Finans, Forretnings Analyse, Rapport Skrivning

Se mere: words game introduction, give words website introduction, write project description 100 words, project audit example, project audit slideshare, project audit pmi, importance of project audit, project audit objectives, types of project audit in project management, types of project audit, project audit ppt, project work malayalam words, project planning moodle customization, project 4000 5000 words, project description 100 words, website security audit project, words website introduction, project management acdemic words, seo audit project, project report 4000 words

Om arbejdsgiveren:
( 1 bedømmelse ) Singapore, Singapore

Projekt ID: #22307797

Tildelt til:


Hi, I can perfectly write this 1500 words report. 0% plagiarism is guaranteed. Excellent Grammar and syntax will be used. Latest and credible references will be used. Please PM me to check my related previous wor Flere

$125 SGD in 3 dage
(1181 bedømmelser)

22 freelancere byder i gennemsnit $250 på dette job


I have completed various kinds of a business plan, market research and academic projects. My core competencies focus on business planning and resolving business research problems in a unique way according to the specia Flere

$155 SGD in 3 dage
(972 bedømmelser)

I am a professional full time academic research writer fully proficient in HARVARD, APA, MLA, Chicago and Oxford writing styles. I am competent in writing dissertations, thesis, reports, case studies, personal developm Flere

$150 SGD in 3 dage
(662 bedømmelser)

Hello my friend, I hope you're well. I have read the guidelines of your work, i believe i can provide you with the best quality of work you are anticipating from this [login to view URL] give me a chance to show you the b Flere

$100 SGD in 3 dage
(882 bedømmelser)

Dear esteemed client, I possess exceptional audit report writing skills and experience. I have successfully completed over 2000 related projects and the responses are positively overwhelming as you can see from my revi Flere

$150 SGD in 7 dage
(454 bedømmelser)

Placing my bid for 2nd time. If the project gets deleted, please go to the link and hire me via my profile link. Here is my profile link https://www.freelancer.com/u/amybrownthatsit Hi! I have gone through your proje Flere

$140 SGD in 7 dage
(168 bedømmelser)

Hello, i have read the details provided..please contact me to discuss more on the project deadline and some other few things

$140 SGD in 7 dage
(233 bedømmelser)

I have worked for KPMG for 5 years :) Please review my profile as i have relevant skills and experience required for this project. Kindly send me a message to discuss. Thanks, Asad Khan FixIT Consultancy

$250 SGD in 5 dage
(88 bedømmelser)

Dear Sir/Madam, this is Humayun kabir; I have Post graduation (Marketing & Management) from Liverpool John Moores University, UK. Also, I have got Postgraduate Diploma from Edexcel, UK on Management Studies. I am a pha Flere

$50 SGD in 7 dage
(159 bedømmelser)

I can help you complete this. I have skills in Accounting, Report Writing, Finance, Research Writing, Business Analysis

$100 SGD in 5 dage
(212 bedømmelser)

Note: I will do your project in 100 SGD. I have worked for my Singaporean, American, Australian, UK and European clients and they are happy with my work. Please check reviews. Hey Hope you are doing great :) I ha Flere

$140 SGD in 7 dage
(201 bedømmelser)

I am working in KPMG firm, I can do this easily. MBA accounts and finance. I am also C.A finalist. I am a Financial and Business analyst having 7 years of experience in these skills: • Financial modeling and project Flere

$200 SGD på 1 dag
(106 bedømmelser)

Hi there, I've recently graduated from University College London (UCL) with majors in marketing. After which I did an internship for 6 months at local marketing firm. During my tenure there I acquired writing skills wi Flere

$120 SGD in 3 dage
(18 bedømmelser)

Hi! I have checked your requirements on this auditing.I have cecked the guideline along with the grading criteria. Do you have any reference materials? Or class notes?

$140 SGD in 7 dage
(17 bedømmelser)

Hello there, I am a Chartered Accountant, a Diploma in IFRS and a Bachelor's in Finance. I have worked with Big 4 audit firms like Deloitte and KPMG as a statutory auditor and have a thorough understanding of audit p Flere

$250 SGD in 7 dage
(37 bedømmelser)

Hello, after reading your instructions, I can assure you that I can handle the project perfectly. My content is always plagiarism free, timely, authentic, creative and original. Besides my many years of experience, thi Flere

$140 SGD in 7 dage
(16 bedømmelser)

Yes, you are right! Please don't panic. I put that price intentionally just to get your attention. I'm new here and I don’t buy reviews. So, I have no other option:) The project description lacks a few information, li Flere

$2568 SGD in 7 dage
(2 bedømmelser)

Hi there, I trust you are well, I am a chartered accountant and I have vast knowledge in Auditing. I am waiting to take over this project. Many thanks, Kajee

$200 SGD in 8 dage
(9 bedømmelser)

Greetings from UK! I can help you out with competing your task within FEW HOURS. Contact me through chat to avail best discounted rates now. Regards

$57 SGD på 1 dag
(3 bedømmelser)

Hi There ! We have team of professional writer’s who is a native speaker of UK English .Our Writing Work create insight ,interaction and impact. • Fresh Well-Written and 100% Original content. • Expert UK wr Flere

$50 SGD in 2 dage
(3 bedømmelser)

Hello, I know that you are here looking for a talented freelancer that can provide you a good work. I could be the one who can provide you all what you request. I can assure you that satisfaction of my client is my p Flere

$140 SGD in 7 dage
(0 bedømmelser)