AFG3041

Auditing

Ms Janet Jackson and Mr Ming-Wei Zhang

6 points · One 1-hour lecture and one 2-hour tutorial per week · Distance, approximately 12 hours per week · Second and summer semester · Gippsland · Prerequisite: AFG2023

Objectives Building on the knowledge students gained from previous accounting studies, this subject is designed to introduce students to the fundamental aspects of auditing practice and theory. Emphasis is placed on financial statement audit, supplemented by the brief introduction to internal and operational auditing.

Synopsis The subject covers the overview of auditing, the auditor's legal liabilities, audit process and evidence, the concepts of materiality and risks, study and evaluation of internal control, EDP auditing, audit sampling techniques, the test of transactions cycles and the verification of account balances, auditors reports, and internal and operational auditing.

Assessment Assignments: 30% · Examination: 70% · Students must obtain a satisfactory result in all areas of assessment.

Prescribed texts

To be advised

Back to the 1999 Business and Economics Handbook