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ACC568 Auditing (8)

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. The concept of risk management is emphasised as it permeates all functions of management, audit and corporate governance.

+ Subject Availability Modes and Location

Session 1
InternalCSU Study Centre Melbourne
InternalCSU Study Centre Sydney
Session 2
InternalCSU Study Centre Melbourne
InternalCSU Study Centre Sydney
Distance*Wagga Wagga Campus
*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.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

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.
Incompatible subject(s)
ACC517

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to explain and critically evaluate 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 evaluate the expanding scope of assurance services and providers in today's international business environment;
  • be able to demonstrate risk management methodologies and the role of internal controls in an audit context;
  • be able to design an audit plan and select and apply appropriate audit procedures for a financial statement audit; and
  • 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;
  • elements of the financial report audit;
  • risk and risk management;
  • audit risk, materiality and audit evidence;
  • internal control structure and assessment;
  • audit testing methodology;
  • completion, review and reporting obligations; and
  • 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 .

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The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.