Availabilities:
| Location | Domestic | International |
|---|---|---|
| Gold Coast | Term5 | Term5 |
| Melbourne | N/A | Term5 |
| Online | Term5 | Term5 |
| Perth | N/A | Term5 |
| Sydney | N/A | Term5 |
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
- Overview of audit, assurance and professional ethics
- Risk assessment and audit strategy
- Audit evidence and sampling
- Understanding the client's internal controls and tests of controls
- Substantive audit procedures and testing
- Completing and reporting 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.
| On completion of this unit, students should be able to: | |
|---|---|
| 1 | identify and evaluate key auditing standards, ethical code and quality control requirements for audit and assurance engagements in a complex business environment |
| 2 | analyse the significance of materiality and risk in the audit process for gathering evidence and apply appropriate audit sampling methods |
| 3 | discuss the importance of internal controls to the audit process and analyse audit processes to conduct audit |
| 4 | evaluate and conclude different types of audit opinions included in the financial reports with professional judgement. |
On completion of this unit, students should be able to:
- identify and evaluate key auditing standards, ethical code and quality control requirements for audit and assurance engagements in a complex business environment
- analyse the significance of materiality and risk in the audit process for gathering evidence and apply appropriate audit sampling methods
- discuss the importance of internal controls to the audit process and analyse audit processes to conduct audit
- evaluate and conclude different types of audit opinions included in the financial reports with professional judgement.
Prescribed texts
- Prescribed text information is not currently available.
Teaching and assessment
Fee information
Domestic
Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.
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.