Available in 2024
Course code

ACFI3005

Units

10 units

Level

3000 level

Course handbook

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.


Availability2024 Course Timetables

Singapore PSB

  • Trimester 1 - 2024 (Singapore)
  • Trimester 3 - 2024 (Singapore)

Newcastle City Precinct

  • Semester 1 - 2024
  • Semester 2 - 2024

Ourimbah

  • Semester 2 - 2024

Learning outcomes

On successful completion of the course students will be able to:

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.


Requisite

Students must have successfully completed ACFI1002 to enrol in this course.


Assessment items

Quiz: Mid Semester Quiz

Case Study / Problem Based Learning: Case Study Assignment

Formal Examination: Final Exam


Contact hours

Trimester 1 - 2024 (Singapore) - Singapore PSB

Workshop-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Semester 1 - 2024 - Newcastle City Precinct

Workshop-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Trimester 3 - 2024 (Singapore) - Singapore PSB

Workshop-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Semester 2 - 2024 - Ourimbah

Workshop-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Semester 2 - 2024 - Newcastle City Precinct

Workshop-1
  • Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
  • Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.

Course outline