Auditing and Assurance

Course code ACFI3005
Available in 2015
2015 Course Timetables

Description

In the absence of an independent audit, the users of financial statements would be constrained in respect of the amount of reliance that they could place on the financial statements. Consequently, the provision of an independent and professional audit opinion improves the quality and reliability of financial information presented to decision makers. The major conceptual and technical aspects of auditing are introduced, while emphasis is upon financial statement audits conducted under the Corporations Act 2001. Students will also be exposed to other types of audit and assurance activities while examining the legal, ethical and societal role and responsibilities of the auditor.

Availability

UoN Singapore

  • Trimester 2 - 2015 (Singapore)
  • Trimester 3 - 2015 (Singapore)

Callaghan Campus

  • Semester 2 - 2015

Ourimbah

  • Semester 2 - 2015

Learning Outcomes

1. Comprehend and apply the conceptual underlying theory of auditing;

2. Interrelate the legal, ethical and societal role and responsibilities of the auditor;

3. Demonstrate a practical awareness of professional auditing techniques;

4. Recognise and appraise contemporary auditing issues.

5. Analyse, evaluate and synthesise both quantitative and qualitative information to inform auditing theory and practice.

6. Research practice and issues impacting auditing and assurance, effectively communicating knowledge and outcomes in oral and written contexts.

Content

This course introduces the major conceptual and technical aspects of auditing. Emphasis is placed on financial statement audits conducted under the Corporations Law. Provides insight into other types of audit and assurance activities. Emphasises the risk-based approach to auditing.

Assumed Knowledge

ACFI2001

Assessment Items

Tutorial / Laboratory Exercises: Tutorial Assessment Tasks

Case Study / Problem Based Learning: Assignment 1 - Case study: Ethical decisions

Case Study / Problem Based Learning: Assignment 2 - Case study: Audit planning and risk assessment

Quiz: Mid Semester Quiz

Formal Examination: Final Exam

Contact Hours

Lecture

Face to Face On Campus 2 hour(s) per Week for Full Term

Tutorial

Face to Face On Campus 1 hour(s) per Week for 10 Weeks