Unit description

Covering of ethical and quality control issues, the assurance framework encompasses auditing, review and agreed-upon procedures, with different levels of assurance provided for each to meet the requirements of users/clients. The main focus will be on the audit - an independent examination of the financial information prepared by the management of an entity. The impact of materiality and risk on evidence gathering and documentation requirements which support the opinion are introduced.

Unit content

This unit comprises four modules, and is based on a 120-hour workload for the student. The topics covered are:

Topic 1 - Introduction and overview of the audit and assurance
Topic 2 - Ethics, legal liability and client acceptance
Topic 3 - Audit evidence
Topic 4 - Risk Assessment I
Topic 5 - Risk Assessment II
Topic 6 - Overview of tests of controls, substantive procedures and sampling
Topic 7 - Gaining an understanding of the client's system of internal controls
Topic 8 - Execution of the audit - testing of controls
Topic 9 - Execution of the audit - performing substantive procedures
Topic 10 - Substantive testing and balance sheet accounts
Topic 11 - Substantive testing and income statement accounts
Topic 12 - Completing and reporting on the audit

 

 

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 3

  • ICAA Australia, 2014, Auditing and Assurance Handbook 2014, John Wiley & Sons Limited, Milton, Queensland.
  • Moroney, R, Campbell, F & Hamilton, J , 2014, Auditing: A Practical Approach, 2nd edn, John Wiley and Sons Ltd, Australia, Milton, Qld.
  • Trussel, J & Frazer, JD, 2012, The Lakeside Company: Case Studies in Auditing, 12th edn, Pearson, Prentice Hall, Upper Saddle River, NJ.
Prescribed texts may change in future study periods.

Teaching and assessment

Gold Coast

Teaching method
Lecture online 1 hour (10 weeks)
Tutorial on-site 2 hours (10 weeks)
Assessment
Discussion board5%
Online- Discussion Board (Research and knowledge application)20%
Report25%
Exam: closed book50%

Hong Kong

Teaching method
Structured online learning
Assessment
Discussion board5%
Online- Discussion Board (Research and knowledge application)20%
Report25%
Exam: closed book50%

New Zealand - MIT

Teaching method
Structured online learning
Assessment
Discussion board5%
Online- Discussion Board (Research and knowledge application)20%
Report25%
Exam: closed book50%

Online

Teaching method
Lecture online 1 hour (10 weeks)
Assessment
Discussion board5%
Online- Discussion Board (Research and knowledge application)20%
Report25%
Exam: closed book50%

Papua New Guinea - Air Niugini

Teaching method
Structured online learning
Assessment
Discussion board5%
Online- Discussion Board (Research and knowledge application)20%
Report25%
Exam: closed book50%

Sydney

Teaching method
Structured online learning
Assessment
Discussion board5%
Online- Discussion Board (Research and knowledge application)20%
Report25%
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 2014 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.

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