PACC6002
10 units
6000 level
Course handbook
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.
Availability2024 Course Timetables
Newcastle City Precinct
- Trimester 1 - 2024
- Trimester 2 - 2024
Sydney Elizabeth Street
- Trimester 1 - 2024
- Trimester 2 - 2024
Learning outcomes
On successful completion of the course students will be able to:
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:
- The Professional and Regulatory Environment of Auditing; Legal, Ethical and Professional Responsibilities of Auditors;
- Audit Evidence;
- Materiality and Risk Assessment;
- Internal Control and Control Risk;
- Auditing for Fraud;
- Audit Planning;
- Audit of the Transaction Cycles - Tests of Controls and Substantive Procedures;
- Completing the Audit; and
- The Implications and Types of Audit Reports.
Requisite
Students must have successfully completed PACC6000.
This course is only available to students enrolled in the programs:
[11702] Master of Professional Accounting
[12403] Master of Professional Accounting (Advanced)
[40149] Master of Professional Accounting/Master of Business Administration
[40164] Master of Professional Accounting/Master of Business Administration
Assessment items
Presentation: Group Assignment / Presentation
Written Assignment: Individual work submission and performance
Quiz: Mid-semester quiz
Formal Examination: Formal Exam
Contact hours
Trimester 1 - 2024 - Newcastle City Precinct
Lecture-1
- Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
- Self-Directed 6 hour(s) per term
- 6 hours of online content per term provided for self directed learning
Trimester 1 - 2024 - Sydney Elizabeth Street
Lecture-1
- Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
- Self-Directed 6 hour(s) per term
- 6 hours of online content per term provided for self directed learning
Trimester 2 - 2024 - Newcastle City Precinct
Lecture-1
- Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
- Self-Directed 6 hour(s) per term
- 6 hours of online content per term provided for self directed learning
Trimester 2 - 2024 - Sydney Elizabeth Street
Lecture-1
- Face to Face On Campus 2 hour(s) per week(s) for 12 week(s) starting in week 1
Online Activity-1
- Self-Directed 6 hour(s) per term
- 6 hours of online content per term provided for self directed learning
Course outline
- PACC6002 - Trimester 1, 2024 (Ncle) (PDF, 233.4 KB)
- PACC6002 - Trimester 1, 2024 (Syd) (PDF, 233.4 KB)
- PACC6002 - Trimester 2, 2024 (Ncle) (PDF, 255.3 KB)
- PACC6002 - Trimester 2, 2024 (Syd) (PDF, 255.3 KB)
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.