Auditing and accountability
Mr Peter Schelluch
One 3-hour session per week * Second semester * Clayton
Synopsis The objective of this subject is to provide students with an understanding of the role of auditors (external and internal) in the overall accountability process of private and public sector entities. The subject will cover the following toipics: overview of the audit function and of different types of audits; duties of the external auditor; the auditor's liability to third parties; the audit process and techniques including planning, compliance testing, substantive testing, detection and reporting of fraud and error; internal control; audit evidence; analytical review and audit sampling; EDP audit; internal control and computer-assisted audit techniques; and audit reporting.
Assessment Written (case study): 15% * Mid-semester test: 25% * Examination (3 hours): 60%
Prescribed texts
Australian Society of CPAs and the Institute of Chartered Accountants in Australia Auditing handbook Prentice-Hall, 1994