Auditing and Assurance Services

Course code PACC6002
Available in 2015
2015 Course Timetables

Description

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

Availability

Sydney Bathurst Street

  • Semester 1 - 2015
  • Semester 2 - 2015

Learning Outcomes

1. Comprehend the conceptual underlying theory of auditing;

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

3. Apply professional auditing techniques;

4. Identify and assess contemporary auditing and assurance issues;

5. Critically analyse financial information to facilitate the implementation of auditing techniques;

6. Demonstrate written and oral communication skills in explaining auditing concepts;

7. Work effectively as part of a team in exploring and resolving audit issues.

Content

The topics in this course include the following:

  1. The Professional and Regulatory Environment of Auditing;
  2. Legal Ethical and Professional Responsibilities of Auditors;
  3. Audit Evidence, Materiality and Risk,
  4. Internal Control and Control Risk;
  5. Auditing for Fraud;
  6. Audit Planning;
  7. Audit of the Sales and Collection Cycles - tests of controls;
  8. Audit of the Sales and Collection Cycles - Accounts receivable;
  9. Completing the Audit;
  10. The Implications and Types of Audit Reports.

Requisites

This course is only available to students enrolled in the Master of Professional Accounting, Master of Professional Accounting (Advanced) and Master of Professional Accounting / Master of Business programs.

Assumed Knowledge

PACC6000 Financial Accounting 1

Assessment Items

Presentation: Group Assignment / Presentation

Written Assignment: weekly work submission and performance

Quiz: Mid-semester quiz

Formal Examination: Formal Exam

Contact Hours

Lecture

Face to Face On Campus 3 hour(s) per Week for Full Term