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Handbooks Courses Units
 

AFG9041 - Auditing and assurance

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Offered

Gippsland Second semester 2008 (Off-campus)

Synopsis

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

Objectives

The learning goals associated with this unit are to:

  • explain the role, limitations and demand for audits in society and develop skills in determining the auditor's professional, ethical and legal obligations
  • explain the auditor's role in corporate governance
  • develop an understanding of the assurance framework and develop skills in the application of the key evidence gathering procedures used by auditors when planning, assessing the risks of material misstatements and carrying out audit procedures to determine their audit opinion
  • develop skills in determining the type and format of reports provided by auditors
  • develop academic and writing skills by setting an assignment that requires students to research the auditing literature and critically examine a current auditing topic.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Prerequisites

AFG9073

Co-requisites

AFX5621, AFX9570

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