This report discusses the auditing and assurance practices in Australia, focusing on a specific case involving negligence and loss. It analyzes the duty of care, negligent conduct, loss suffered, casual relationship, and auditor defense. The report concludes that the auditors are not liable for the loss suffered by the company.

ACC568 – Auditing and assurance Case A

An audit manager at Samway Baker Fitzgerald (SBF) is finalizing the year-end audit for Far Faraway Pastoral Limited (FFA), a major agricultural company based in Orange.

Analyzing auditing practices in Australia, specifically a case involving negligence and loss, concluding auditors' non-liability.

Auditing and Assurance in Australia

This report analyzes the auditing issues in Far Faraway Pastoral Limited and provides recommendations for compliance with ASX corporate governance and AAA model. It also discusses the failure of exercising due care in the audit of TRC and the contributory negligence of FFA. The report concludes with the duty of care to McCarran Pastoral.

Data Science and Big Data

Auditing Issues in Far Faraway Pastoral Limited

Auditing

This report analyzes the audit performance of the Samway Baker Fitzgerald (SBF) for the company Far Faraway Pastoral Limited (FFA) and highlights the breaches of Corporate Governance Principles and Recommendation of ASX.

Charles Sturt University

Audit Report Analysis

This report analyzes the concepts of due care, contributory negligence, and duty of care in auditing. It discusses their implications and responsibilities of auditors.

Analysis of Auditing: Due Care, Contributory Negligence, and Duty of Care

This report aims at analysing different issues in FFA in different aspects of business such as corporate governance, auditing and others. The first part considers the principles and recommendations related to ASX. The second part considers the application of AAA model to solve the ethical issue in the company. The last part addresses the issues like due care, contributory negligence and duty of care.

Professional Development