ACC568 Auditing (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. The concept of risk management is emphasised as it permeates all functions of management, audit and corporate governance.


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
Wagga Wagga Campus

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

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Postgraduate students only. Not available to students who have completed ACC517.

Assumed Knowledge

Assumed knowledge is equivalent to that which would be gained through completion of  ACC514.

Incompatible Subjects


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.


This 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.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ACC568 in Session 2 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
Value %
Case a (ethics and the legal environment)
Case b (risk, planning, controls and testing)
Final exam

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.