ACC381 Auditing (8)
Prerequisite: ACC220 or ACC222 or ACC282 or ACC321
Enrolment Restriction: Bachelor of Business Studies students only.
Not available to students who have completed ACC330 or ACC331.
Adopts a risk-based approach to auditing and assurance services, exploring the practice and theory of auditing as it applies to Australia within a global environment. Emphasis is placed on the application of auditing concepts to financial statement audits. Topics include: the role of auditors; their legal and professional duties: approaches to auditing; the risk-based approach to auditing; the nature of internal controls, audit evidence, the impact of CIS environments and electronic business on audit procedures and audit reporting. Auditing in the public sector, internal auditing and the expanding scope of auditing are reviewed in the latter part of the subject.