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AFC3160 - Auditing and assurance

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Associate Professor Carolyn Windsor


Clayton Second semester 2007 (Day)


Topics include an overview of the audit function and assurance framework, and of different types of audit and assurance service; duties of the external auditor; the auditor's liability to third parties; detection and reporting of fraud; the audit process and techniques including planning, business risk assessment, tests of controls, substantive testing, reviewing internal control, gathering audit evidence, using analytical procedures, and audit sampling; the audit of computer information systems; audit reporting; internal auditing; performance auditing; and emerging issues.


The learning objectives of this unit are to:


Assignment(s): 15%
Mid-semester test(s): 15%
Tutorial presentation: 10%
Examination (3 hours): 60%

Contact hours

Three hours per week