ACC331 Auditing and Assurance Services (8)

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. Emphasis is placed on the application of auditing concepts to financial statement audits.

Availability

Session 1 (30)
On Campus
Albury-Wodonga Campus
Bathurst Campus
CSU Study Centre Melbourne
CSU Study Centre Sydney
Online
Wagga Wagga Campus
Session 2 (60)
Online
Wagga Wagga Campus
Session 3 (90)
Online
Bathurst Campus

Continuing students should consult the SAL for current offering details: ACC331. Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject Information

Grading System

HD/FL

Duration

One session

School

School of Accounting and Finance

Enrolment Restrictions

Students who have successfully completed RMBU 3644 (equivalent Sydney University Orange Campus subject) are eligible to enrol as they have met the pre requisite requirements.


Not available to students who have completed ACC381.

Assumed Knowledge

ACC222

Incompatible Subjects

ACC381

Learning Outcomes

Upon successful completion of this subject, students should:
  • be able to explain the role of assurance services and providers;
  • be able to identify and evaluate the influences on the audit processes, including the Corporations Act, Common Law, Australian and International professional standards, professional bodies and public expectations within a global market;
  • be able to appraise the client's business environment and apply the risk model;
  • be able to explain, select and apply procedures involved in the audit process; and
  • be able to appraise the expanding scope of auditing in the current international business environment.

Syllabus

This subject will cover the following topics:
  • the role of auditing and ethical decision making;
  • overview of assurance concepts and the audit process;
  • audit planning;
  • audit evidence;
  • audit sampling;
  • internal control;
  • substantive procedures - tests of transactions and balances;
  • reporting obligations.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC331 in Session 3 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Peerwise
5
2
Ethics and auditor's legal liability
15
3
Assurance concepts & the audit process
20
4
Final exam
60

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.

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