Available in 2021
Course code



10 units


6000 level

Course handbook


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.

Availability2021 Course Timetables

Sydney Elizabeth Street

  • Trimester 2 - 2021

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.


The topics in this course include the following:

  1. The Professional and Regulatory Environment of Auditing; Legal, Ethical and Professional Responsibilities of Auditors;
  2. Audit Evidence;
  3. Materiality and Risk Assessment;
  4. Internal Control and Control Risk;
  5. Auditing for Fraud;
  6. Audit Planning;
  7. Audit of the Transaction Cycles – Tests of Controls and Substantive Procedures;
  8. Completing the Audit; and
  9. The Implications and Types of Audit Reports.


Students must have successfully completed PACC6000. This course is only available to students enrolled in Master of Professional Accounting, Master of Professional Accounting (Advanced), Master of Professional Accounting / Master of Business and M Prof Acct/M Bus Admin programs.

Assessment items

Presentation: Group Assignment / Presentation

Written Assignment: Individual work submission and performance

Quiz: Mid-semester quiz

Formal Examination: Formal Exam

Contact hours

Sydney Elizabeth Street


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

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.