EDP audit
Mr Peter Schelluch
One 3-hour session per week * Second semester * Clayton * Prerequisites: AAF2160 and AAF3160 or equivalent
Synopsis The subject will examine how electronic data processing (EDP) has affected control aspects of modern accounting systems and audit methodology. In addition to discussing the impact of computer-based accounting on the principles of auditing theory, students will use case studies and various computer packages to examine the practical consideration in applying the theory. Control and audit issues will be examined in several data processing environments including batch, on-line, database, and EFTS and EDI. In particular the increasing importance of microcomputers will be examined. The role of the auditor in systems development will be covered, as will the use of expert systems and decision support systems by auditors. The students will be exposed to most of the techniques currently being used for compliance and substantive testing of EDP systems. Emphasis will be placed on current literature.
Assessment Research assignment: 50% * Case study: 20% * Two class presentations: 30%