Auditing
Order Description
You have recently started a graduate placement at WPC, and large Accounting and Auditing firm
with offices in Australia and throughout the world. You are about to be assigned to your first
assurance engagement, and your boss (Margaret Beresford) has asked you to do some preparatory
work to ensure you have a good understanding of some key auditing concepts.
She has asked you to conduct research using your Auditing textbook, scholarly journal articles (which
can be accessed through the Swinburne library databases), and other credible auditing sites to
explain in your own words:
• the term ‘professional scepticism’;
• the term ‘discretionary accruals’; and
• the concept of ‘earnings management’.
She has asked you email your findings to her – including a list of references at the end of your email
(in case she wants to follow anything up).