Part A – Group Component (30 marks worth 15% of the total assessment mark)The group component of the assignment is to be completed in the groups of four (4) to five (5) students which have already been formed within your seminar class. Seminar leaders will have finalised and recorded group details during the Week 3 seminar. Note that it is your responsibility to contact the Unit Convenor if you are not in a group by the end of Week 3.The group component assignment topic is as follows:“Mode …Identify and justify one specific future research issue that would assist audit practice. Outline how audit practice will potentially benefit and change as a result of this research. Where appropriate relate to existing auditing standards.