Not currently available in 2020

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 follows:

Week no. Topic overview Text chapters Topic detail
Week 1 Overview of the audit process 1, 2 Audit Overview and Auditor's Legal Liability, Audit Quality and Ethics
Week 2 Overview of the audit process and audit evidence 5 Review ethics, legal liability, quality control in deciding to take new client Lakeside (case study) and gain an understanding of audit evidence
Week 3 Risk assessment and planning 3, 4, 7 Risk assessment I and II and audit sampling
Week 4 Executing the plan 6, 7, 8, 9 Gaining an understanding of client’s system of internal controls, overview of risk response, execution of audit
Week 5 Executing the plan 10, 11 Substantive testing balance sheet and income statement accounts
Week 6 Completing and Reporting 12 Concluding and reporting


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

Teaching and assessment


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


Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
Commencing 2020 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


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