Skip to content | Change text size
Handbooks Courses Units

AFX9570 - Auditing and assurance

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics


Caulfield First semester 2008 (Day)
Caulfield First semester 2008 (Evening)
Caulfield Second semester 2008 (Day)
Caulfield Second semester 2008 (Evening)


Topics include nature and objectives of auditing; auditing standards; audit reporting; audit expectation gap and legal liability; professional ethics and quality control; audit evidence; audit planning, strategic business risk analysis, materiality, analytical review procedures and audit risk model; study and evaluation of internal control and model; assessing control risk CIS audit techniques, test of transactions and tests of balances, completing the audit and post audit responsibilities; internal auditing and performance auditing, other assurance services and current issues in auditing.


The learning goals associated with this unit are to:

  • explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
  • explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
  • develop an understanding of the assurance framework and the key evidence gathering procedures used by auditors when planning, assessing the risks of material misstatements, carrying out substantive tests and analytical procedures, completing the audit, and forming an audit opinion
  • develop an ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds by setting both independent and group assessable tasks
  • develop oral presentation skills by participation in tutorial discussions and through class presentations.


Within semester assessment: 35%
Examination (3 hours): 65%

Contact hours

3 hours per week


AFX9530 or AFX4601



[an error occurred while processing this directive]