ACCT 7009 Auditing

Credit Points 10

Legacy Code 200398

Coordinator Andrew Han Opens in new window

Description The aim of this unit is to introduce students to the practice of auditing and the underlying concepts, auditor's responsibilities and the audit environment. The focus of attention is on audits carried out under the provisions of corporations legislation and reference is also made to other forms of audit. The unit uses blended learning and case study approaches and students will learn to apply professional, ethical and legal requirements and responsibilities in completing and reporting on auditing and assurance tasks.

School Business

Discipline Accounting

Student Contribution Band HECS Band 4 10cp

Level Postgraduate Coursework Level 7 subject

Pre-requisite(s) ACCT 7010

Equivalent Subjects LGYA 8983 - Auditing (PG)

Restrictions

Students must be enrolled in a postgraduate Business program. Students wishing to take this subject as an elective need approval from the program Advisor.

Assumed Knowledge

Knowledge of accounting systems and company accounting.

Learning Outcomes

On successful completion of this subject, students should be able to:

  1. Evaluate the objectives and limitations of auditing;
  2. Apply Australian auditing standards to case study situations;
  3. Apply knowledge of the auditor�fs legal, professional and ethical responsibilities to clients to audit problems;
  4. Make and defend audit judgements using audit procedures including probability assessment;
  5. Conduct and evaluate statistical and non-statistical audit sampling;
  6. Appraise the role of the various stakeholders in the audit process;
  7. Evaluate the effectiveness of a sustainability audit.

Subject Content

The structure of the profession
Professional ethics and legal responsibilities
Audit objectives and evidence
Audit planning
Risk and materiality
Internal control
Audit sampling including probability distributions and hypothesis testing
The audit report
Post audit responsibilities
Contemporary Issues

Assessment

The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.

Item Length Percent Threshold Individual/Group Task
Presentation 15 Minutes 10 N Individual
Intra-session Exam 1.5 hours 30 N Individual
Final Exam 2 hours 60 Y Individual

Prescribed Texts

  • Gay, G & Simnett, R 2015, Auditing and Assurance Services in Australia, 6th edn, McGraw-Hill. [or latest edition]
  • Croucher, JS 2016, Introductory Mathematics and Statistics, 6th Revised edn, McGraw Hill [or latest edition]

Teaching Periods

Quarter 2

Parramatta City - Macquarie St

Day

Subject Contact Andrew Han Opens in new window

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Quarter 3

Parramatta City - Macquarie St

Day

Subject Contact Pranil Prasad Opens in new window

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Sydney City Campus Quarter 3

Sydney City

Day

Subject Contact Neelam Goela Opens in new window

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Quarter 4

Parramatta City - Macquarie St

Evening

Subject Contact Andrew Han Opens in new window

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Sydney City Campus Quarter 4

Sydney City

Day

Subject Contact Neelam Goela Opens in new window

View timetable Opens in new window