ACC568 Auditing (8)
CSU Discipline Area: Accounting (ACCOU)
Duration: One session
Abstract:
This subject 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. Topics include: the role and types of auditors; ethics, corporate governance, auditor independence and professional practice; legal responsibilities; audit process; the nature of internal controls and risk management; financial report audits; information system audits and other assurance services. The concept of risk management is emphasised as it permeates all functions of management, audit and corporate governance.
+ Subject Availability Modes and Locations
| Session 2 | |
|---|---|
| Internal | CSU Study Centre Melbourne |
| Internal | CSU Study Centre Sydney |
| Internal | Wagga Wagga |
| Distance * | Wagga Wagga |
*This subject offering contains a residential school. Please view following information for further details.
Continuing students should consult the SAL for current offering details: ACC568
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Assumed Knowledge:
Assumed knowledge is equivalent to that which would be gained through completion of ACC514 .
Enrolment restrictions:
Postgraduate students only. Not available to students who have completed ACC517 .
Objectives:
Upon successful completion of this subject, students should:
- be able to discuss the role of assurance services and providers;
- be able to discuss influences on audit and assurance services including: Australian and international professional standards, statutory and common laws, regulatory bodies, and public expectations within a global market;
- be able to describe risk management methodologies and the role of internal controls in an audit context;
- be able to explain and apply procedures involved in the audit proces;
- be able to discuss the expanding scope of assurance services in today's international business environment;
- be able to exercise critical and reflective judgement and appreciate the value of ethical practice.
Syllabus:
The subject will cover the following topics:
- Audit and assurance services
- Professionalism, governance and ethics
- Legal environments
- Risk and risk management
- Internal control
- Elements of the financial report audit
- Audit risk, materiality and audit evidence
- Internal control structure and assessment
- Audit testing methodology
- Completion, review and reporting obligations
- Compliance, performance and other assurance services
Residential School
This subject contains a compulsory 3 day residential school.
The primary objectives of the residential school are: to provide an interactive face to face learning environment, to answer student questions about the subject and to assist students to focus their studies for the remainder of the session. Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context .
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.