Availabilities:

LocationDomesticInternational
MelbourneN/ASession 1
OnlineSession 1,3Session 1
Papua New Guinea - IBS EngaN/ASession 1,3
Papua New Guinea - IBS Port MoresbyN/ASession 1,3
SydneyN/ASession 1

Unit aim

Introduces students to the concepts and practice of auditing, the way the profession has developed and the way the profession is meeting current business and social needs. In addition, the use of statistical techniques and EDP systems in auditing will be reviewed.

Unit content

This unit comprises an introduction and four modules, and is based on a 120-hour workload for the student. The list below shows in brackets, the recommended number of weeks for the Introduction and each module as well as content for each module:

Introduction and perception (1 week).

Module 1: Overview, client acceptance and evidence (3 weeks):

  • Overview
  • Ethics, legal liability & client acceptance
  • Evidence & workpapers

Module 2: Planning and sampling (3 weeks):

  • Understanding the client (what to look out for)
  • Assessing audit risk & materiality (using what you find)
  • Types of procedures & sampling

Module 3: Execution, controls and substantive strategy (4 weeks):

  • Understanding (the design of) internal controls
  • Testing internal controls operate effectively
  • Significance of substantive procedures
  • Testing transactions & balances

Module 4: Concluding and reporting (1 week):

  • Completing the audit, documentation & reporting the audit opinion

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

Learning outcomes and graduate attributes

Prescribed texts

Session 1

  • This text contains the Australian Auditing Standards referred to throughout the unit. The 2017 edition is also acceptable. A hardcopy (book) is recommended so it can be used in your final exam.: ICAA, 2018, Auditing, Assurance and Ethics Handbook 2018, John Wiley & Sons Ltd, Milton, Queensland.
  • This text is integral to your learning & final examination with at least 50% of activities being derived from the case study. Available from the Co-op Bookshop: Trussel, J & Frazer, JD, 2012, The Lakeside Company: Case Studies in Auditing, 12th edn, Prentice Hall, Upper Saddle River, NJ. ISBN: 13-9780132567251.
  • This text is referred to and used throughout the unit. The e-text is strongly recommended though a much more expensive printed version is available. PLEASE NOTE the link to the publisher website for purchase: http://www.wileydirect.com.au/buy/auditing-a-practical-approach-3rd-edition/: Moroney, R, Campbell, F & Hamilton, J, 2017, Auditing: A Practical Approach, 3rd edn, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 978-0-7303-2649-6.

Session 3

  • Prescribed text information is not currently available.
Prescribed texts may change in future study periods.

Teaching and assessment

Melbourne

Teaching method
Lecture online 1 hour (12 weeks)
Tutorial on-site 2 hours (12 weeks)
Assessment
Discussion board5%
Discussion board/wiki25%
Discussion board/wiki20%
Exam: closed book50%

Online

Teaching method
Lecture online 1 hour (12 weeks)
Assessment
Discussion board5%
Discussion board/wiki25%
Discussion board/wiki20%
Exam: closed book50%

Papua New Guinea - IBS Enga

Teaching method
Structured online learning
Assessment
Discussion board5%
Discussion board/wiki25%
Discussion board/wiki20%
Exam: closed book50%

Papua New Guinea - IBS Port Moresby

Teaching method
Structured online learning
Assessment
Discussion board5%
Discussion board/wiki25%
Discussion board/wiki20%
Exam: closed book50%

Sydney

Teaching method
Tutorial on-site 2 hours (12 weeks)
Lecture online 1 hour (12 weeks)
Assessment
Discussion board5%
Discussion board/wiki25%
Discussion board/wiki20%
Exam: closed book50%
Notice

Intensive offerings may or may not be scheduled in every session. Please refer to the timetable for further details.

Southern Cross University employs different teaching methods within units to provide students with the flexibility to choose the mode of learning that best suits them. SCU academics strive to use the latest approaches and, as a result, the learning modes and materials may change. The most current information regarding a unit will be provided to enrolled students at the beginning of the study session.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2018 Commonwealth Supported only. Student contribution band: 3

Fee paying courses
For POSTGRADUATE or UNDERGRADUATE full fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees

International

Please check the international course and fee list to determine the relevant fees.