Auditors and Corporate Governance

Students are required to research the ASX Corporate Governance Principles and
Recommendations and discuss how adoption of each ASX Corporate Governance
principle, by the client company, will affect the auditor’s risk assessment process, the
audit approach, the audit strategy and audit evidence.
Learning Outcomes:

1. Demonstrate an understanding of the auditor’s professional, legal and
   ethical responsibilities to their clients and third parties (ULO 2)
2. Understand the audit planning procedures, evaluate the business risk
   and assess the internal control (ULO 4)
3. Prepare auditing procedures for transactions and balances by
   conducting control and substantive tests (ULO 5)

Sample Solution