Assessment 3: Risk Management and Information Systems
Due: 03 November 2023. Unless an application for Special Consideration has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55 pm. A 1-hour grace period is provided to students who experience a technical concern. Please check the unit guide for more information.
Required: Students are required to research issues related to the recent Wirecard AG collapse in the context of risk management. Students are required to identify and analyse the main features of the fraud and suggest risk management strategies to avoid such frauds in the future. It is essential that students refer to the latest available technology to support their analysis and recommendations.
Specifically, students are required to do the following:
1. Identify key features of the fraud missed by the auditors and explain how and why the auditors were fooled by Wirecard AG.
2. Building on lessons learned from Wirecard AG, devise a risk management and information system or methods mitigating against deceptions. Focus on how auditors could improve the quality of their audits.
Format: The word limit is 2500 words. Your word count must be included on your cover page. Nothing is to be excluded from the word count. If you exceed the word limit, 10% of the total marks will be deducted as a penalty. In-text referencing is required for all sources used and a complete list of references must be provided using APA Style – 7th Edition. More information about this referencing style is available from the library: https://libguides.mq.edu.au/referencing/APA7thEdition
Your submission must contain the following (i.e. all files must be combined into one file and in this order):
• Cover page (You can design your own cover page)
• Report
• Reference list
The style must be as following:
• Font – Times New Roman
• Size – 12point
• Spacing – 1.5 lines
• Margins not less than 2.5 cm
Each page must have a footer containing the following:
• ACCG8150, S2, 2023
• Your SID
• Page number
ACCG8150, S2, 2023
Generative AI Technology (GAIT):
Green Zone: GAIT use permitted within academic integrity guidelines
For this assessment, in addition to spelling/grammar checkers and referencing software, students are permitted to use generative artificial intelligence tools (GAITs, e.g., ChatGPT) to:
? Provide a key definition (with attribution)
? Summarise and paraphrase academic texts for research
? Research general concepts
If students use text produced by GAITs in their final submission, it must be properly attributed by (a) being placed in quotation marks and (b) including an in-text citation and reference to the software used. If the text is not properly attributed, it constitutes and will be treated as a breach of academic integrity. The referencing system here is recommended.
Red Zone: GAIT use is NOT permitted
Students are not permitted to use GAITs to
? Generate writing used in their final submission (except fully attributed key definitions as permitted above).
? Generate definitions of key terms except where fully attributed.
Any of these actions will constitute and be treated as a breach of academic integrity.
It remains students’ responsibility to ensure any use of generative AI is within the requirements of academic integrity. As penalties apply for integrity breaches, please contact your convener before submitting your task if you are unsure if any particular practice is acceptable.
Submission: This assessment represents 35% of your total mark for ACCG8150 and is compulsory. The assessment must be submitted in electronic form using Turnitin (through iLearn). Please ensure that you submit before the deadline in case of technical issues. A hardcopy submission is not required. The report can be submitted either in a PDF or word format. The filename of your report must be as follows: ACCG8150_XXXXXXXX (where the crosses represent your SID). All assignments will be manually and electronically checked for plagiarism and it is extremely important that you are familiar with the policy on Academic Honesty.
ACCG8150, S2, 2023
Not Attempted Fail Pass Credit Distinction High Distinction
1. Identification of key features and
explanation
Not attempted or entirely or significantly plagiarized from other sources.
0 marks Does not identify key features adequately and/or includes incorrect information. Analysis incomplete or mainly faulty. Information is predominantly irrelevant.
6 marks Includes the majority of relevant details, although some analysis/ discussion may be faulty. The evaluation of key
features is limited to weak generalisations.
7.5 marks Mostly a complete explanation. Analysis/discussion mostly accurate but more needed.
Critical evaluation with some specific examples provided.
10.5 marks Provides a comprehensive overview of key features. Clear evidence of engagement with the literature. Provides a variety of relevant examples. Deception is evaluated comprehensively, with a variety of specific examples provided.
12 marks Provides a sophisticated overview of key features. Clear evidence of engagement with the literature. Provides a variety of relevant examples. Analysis/ discussion is accurate and insightful.
Sophisticated evaluation of deception, with a variety of specific examples provided.
15 marks
2. Risk management and information system
recommendations
Not attempted or entirely or significantly plagiarized from other sources.
0 marks Provides no
recommendations
and/or is limited to weak generalisations.
6 marks Provides some meaningful
recommendations
but in insufficient detail. Limited reference to the latest available technologies.
7.5 marks Provides some meaningful recommendations in sufficient detail. Discussion of latest available technologies well integrated.
10.5 marks Provides meaningful recommendations in great detail. Clear evidence of engagement with the literature. Detailed discussion
of the latest available technologies.
12 marks Provides excellent recommendations
in great detail. Clear evidence of engagement with the literature. Sophisticated integration of the latest available technologies.
15 marks
ACCG8150, S2, 2023
3. Document formatting and
written expression
Not attempted or entirely or significantly plagiarized from other sources.
0 marks Fails to follow assignment requirement. Too short or too long. Strongly affect reader due to formatting errors and confusing organisation. Too
informal or errors in
grammar make meaning unclear. Minimal referencing.
2 marks Occasionally meets the assignment requirement. Distracts reader due to formatting errors. Organisation of paragraphs causes some confusion. Sometimes too informal or errors in grammar make meaning unclear in places. Noticeable
errors in referencing.
2.5 marks Occasionally meets the assignment requirement. Occasionally include formatting errors. Organisation of sections and paragraphs generally clear. Generally appropriate tone. Frequently used referencing system correctly.
3.5 marks Mostly meets the assignment requirement. Rarely include formatting errors. Clear organisation of sections and paragraphs. Appropriate tone. Uses referencing consistently and accurately with very few minor errors.
4 marks Meets all the assignment requirements. Used professional, correct formatting. Clear organisation
of sections and paragraphs with excellent flow. Appropriate tone. Uses referencing consistently and accurately in all aspects.
5 marks
ACCG8150, S2, 2023