AFX5910 - CPA assurance services and auditing

Leader: Mr Michael De Martinis

Offered

Caulfield First semester 2007 (Evening)

Synopsis

This unit covers the nature and diversity of auditing and assurance services. It presents an overview of the audit and assurance process and examines the objectives of assurance engagements and the environment within which the auditor or assurance practitioner operates. Insights are given into the various methodologies and procedures commonly employed in audit and assurance engagements, and the respective roles of private and public sector auditors are described and compared. The segment covers a number of important areas encountered in audit practice, and gives an overview of other assurance opportunities besides the audits of historical financial information.

Objectives

The learning goals associated with this unit are to:

• develop an improved understanding of the nature and diversity of auditing and assurance services, including performance audits
• acquire knowledge of assurance engagements other than audits or reviews of historical financial information of the accountancy as a profession and a conceptual framework for ethical behaviour
• acquire skills in analysing and illustrating the complete audit process comprising the planning, evidence gathering and reporting stages, including how the IT environment impacts on all aspects of the audit process
• develop critical skills in analysing, communicating and presenting comprehensive case studies
• develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds.

Assessment

Examination: 100%

Contact hours

3 hours per week

Prerequisites

Associate membership CPA Australia

Prohibitions

AFX5006