Auditing
Mr Ming Wei Zhang
6 points * Approximately 12 hours per week * Second semester * Gippsland * Prerequisite: GBU8021
Objectives Building on knowledge gained in the preparation of financial statements during earlier accounting subjects, the subject addresses the audit of such statements. It provides students with an appreciation of the issues various types of auditors face, including planning, collection and evaluation of evidence and reporting audit results. While the emphasis is on external auditing, students are challenged to consider the means of addressing the audit expectation gap and the expanded services provided by internal and public sector auditors. This subject is offered as part of the Graduate Diploma of Business (Management)
Synopsis The subject covers the role and legal responsibility of auditor, audit process and audit evidence, the concepts of materiality and risks, study and evaluation of internal control, EDP auditing sampling techniques, the tests of transaction cycles and the verification of account balances, the information of audit report, internal and operational auditing and current issues in auditing.
Assessment Assignments: 30% * Examination (3 hours): 70%
Prescribed texts
Australian Society of Certified Practising Accountants and the Institute of Chartered Accountants Auditing handbook 1995 Prentice-Hall, 1995