ACCT600 | Accounting for Decision Making | Accounts

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Assessment 1: Individual Assignment

The group assignment aims to:

1. Give students an understanding of real life auditing issues
2. Help students understand the link between theory and practice; and
3. Foster students’ research, team-working, critical analysis and written communication skills.

Select either (a) AMP Limited or (b) National Australia Bank, and answer the following questions:

(i)    What are the major findings of Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry report with respect to ethical aspects of decision making and bad behaviour of individuals Royal Commission’s report: https://financialservices.royalcommission.gov.au/Pages/default.aspx
(ii)    Under APES 110, which ethical principles were breached by the professional accountants employed by the Bank? In your opinion, what is lacking?
(iii)    Based on the bank’s public disclosures and the findings of the Royal Commission, provide an assessment the company’s Corporate Social Responsibility performance.
(iv)    What advice would you offer to the selected financial institution on how to foster common good through their processes?

Your report should include an introduction, appropriate headings for sections, conclusions, diagrams or graphs where appropriate.
Grading will be based on critical analysis of the issue, evidence of wide reading on topic, coherence in the development of arguments, use of appropriate evidence, and clarity of expressions. You are expected to cite at least five (5) acceptable sources. If you are not clear what constitutes an acceptable source, please consult the Lecturer-In-Charge.

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