Tutor:

1. This assignment must be submitted electronically by 2pm on 5/12/2014
2. To submit electronically you must upload your work to the e-submission area within BM519 on blackboard. Click Submit> Browse (find the correct file to upload) Upload> Submit
3. Multiple drafts can be submitted up to the submission date.
4. Please remember you must leave at least 24 hours between submissions if you make changes to your work. Each submission will overwrite the previous one until the due date and time has passed.
5. You will receive a digital receipt as proof of submission. This will be sent to your Bucks e-mail address; please keep this for reference. To make sure you receive this receipt, it is best to have e mail forwarding to your personal e mail (go to http://bucks.ac.uk/forward to set this up – you need only do this once).
6. You are reminded of the University’s regulations on cheating and plagiarism. In submitting your assignment you are acknowledging that you have read and understood these regulations.
7. Late submission within 10 working days of the deadline will result in the mark being capped at a maximum of 40%. Beyond this time the work will not be marked.
8. You are reminded that it is your responsibility to keep an electronic copy of your assignment for future reference.

1. Read through the assignment brief carefully taking note of key words.
2. Produce both a cover page and a contents list. Ensure pages are numbered.
3. Produce good paragraphs of Introduction and Conclusion.
4. Use short sentences, avoiding jargon and verbosity.
5. All research material should be referenced to their sources as failure to do so implies plagiarism.
6. DO NOT COPY material from another student, as BOTH assignments will be disqualified.
7. Do not exceed the number of words allowed: 3000 WORDS.

8. Hand in assignment no later than the deadline: 5/12/2014.

On successful completion of this assignment, the student should be able to:

1. Trace the historical development of Social and Environmental Audit (S&E Audit), explore the impacts that social and environmental issues have on statutory audit and illustrate the application of S&E Audit within the environment of a group of companies.
2. Identify and explain the types of Internal Audit, the roles of the Internal Audit with special emphasis on its risk management function.
3. Demonstrate transferable skills including those relating to Time Management, Project Management and Written presentation.

1. Trace the historical development of social and environmental audits and justify the need for social and environmental audits by a brief reference to any three relevant, recent and well-known catastrophes.                                                                                                                    20 marks
2. Explain the relevance of social and environmental issues to statutory audits at the planning stage, the testing stage and the final stage of the audit.                                                               20 marks
3. Discuss the possible impediments that auditors are likely to encounter in carrying out social and environmental audits. Additionally, evaluate the benefits that companies are likely to derive from submitting to social and environmental audits.                                                                     20 marks
4. Identify and explain the various types of internal audit, internal audit objectives and compare and contrast internal audit with external audit.                                                                          20 marks
5. Discuss the relevance of internal audit’s role of risk management in ensuring compliance with social and environmental audit commitments.                                                                   10 marks

Marks will be awarded for clarity of expression, the relevance of points raised, the smooth flow of ideas, logical arguments, information technology skills, organised presentation and background knowledge evidenced by the extent of bibliography and appendix. Include a contents page, an introduction, a conclusion and a list of references. All pages must be numbered.          10 marks

Please see the Assessment Grid below.

Quality Assurance Record

Assessment Grid for Coursework – Social and Environmental Audits (S&E Audits)

Weight

70%+

60-69%

50-59%

40-49%

<40%

Task a

Historical development and justification of S&E Audits

20%

Task b

Relevance of S&E Audits to Statutory Audits (SA)

20%

SA is offered, referenced and clearly explained. A discussion of the impact of social and environmental issues on SA, the stages affected, how affected.

SA is offered, referenced and fairly explained. A discussion of the impact of social and environmental issues on SA, the stages affected, how affected.

Task c

Discussion of impediments and benefits of S&E Audits

20%

10 benefits of S&E Audits identified and discussed.

10 impediments of S&E Audits identified and discussed

8 benefits of S&E Audits identified and discussed.

8 impediments of S&E Audits identified and discussed

6 benefits of S&E Audits identified and discussed.

6 impediments of S&E Audits identified and discussed

4 benefits of S&E Audits identified and discussed.

4 impediments of S&E Audits identified and discussed

2 benefits of S&E Audits identified and discussed.

2 impediments of S&E Audits identified and discussed

Task d

Types and objectives of Internal Audit and

IA’s role of risk management

Report Writing

(how the final written report is structured and presented, citing and referencing)

10%

Within ±10% 3000 word-count. A readable and smooth report. Instructions carefully followed. Spelling and grammar carefully checked.

Within ±10% 3000 word-count. Instructions carefully followed. Spelling and grammar carefully checked.

Within ±10% 3000 words. Instructions largely follow- ed. Some spelling mistakes and grammatical errors here and there.