ACG510 Risk Based Auditing (8)

This subject adopts a risk-based approach to auditing and assurance services, exploring the practice and theory of auditing and forensic investigation.   The expanding role of auditing to financial and nonfinancial reporting provides an opportunity for students to appreciate the changing role of the auditor and societal expectation of ethics and good governance in the role of auditing. The concept of risk management is emphasised as it permeates all functions of management, audit and corporate governance.

Availability

Session 1 (30)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Session 2 (60)
On Campus
CSU Study Centre Brisbane
CSU Study Centre Melbourne
CSU Study Centre Sydney
Port Macquarie Campus
Online
Bathurst Campus

Continuing students should consult the SAL for current offering details: ACG510. 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 Business

Enrolment Restrictions

Postgraduate students only and not available to students who have completed ACC568

Prerequisites

( ACG511 or ACC566 ) and ( ACG508 or ACC514 )

Subject Relationships

ACC568 Similar content

Incompatible Subjects

ACC568

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 identify and critically evaluate the expanding scope of assurance services and providers in today's international business environment including nonfinancial reporting;
  • be able to apply risk management methodologies and identify how information and communication technology supports identification, reporting and management of risk, enhances the efficiency and effectiveness of an organisation’s systems and processes, and analyse the adequacy of information and communication technology processes and controls and identify improvements in an audit context;
  • be able to discuss technological advances that support data analysis, decision making, and enhances the efficiency and effectiveness of communication in an audit context;
  • be able to design an audit plan and select and apply appropriate audit procedures for a financial statement audit;
  • be able discuss the role of the audit professional in diverse audit teams involved in assurance of sustainability and other non-financial reports; and
  • be able to exercise critical and reflective judgement and appreciate the value of ethical practice.

Syllabus

This subject will cover the following topics:
  • Audit process
  • Ethics & governance
  • Risk
  • CAATS
  • CSR audits
  • IT and contemporary audit tools

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACG510 in Session 2 2021. 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
Reflection: data analytics
5
2
Newsletter: auditing stds and forensic accounting
10
3
Case study: planning and delivering the audit
25
4
Final exam
60

The information contained in the CSU Handbook was accurate at the date of publication: June 2022. The University reserves the right to vary the information at any time without notice.

Back