Monash University Handbook 2011 Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

This unit considers both theoretical and practical issues relevant to the various participants to the audit process. The unit provides students with an overview of the assurance framework, the audit process, computer assisted audit techniques and issues related to corporate governance. Topics also include triple bottom line reporting, financial statement fraud, within firm fraud and fraud detection techniques.

Objectives

The learning goals associated with this unit are to:

1. review and analyse the role and process of providing assurance services, for example, through the knowledge acquired from case studies
2. examine corporate governance best practice including the role of the board of directors, board committees, internal audit, codes of ethical conduct, different national models of corporate governance, and other systems of risk management and control
3. describe the nature of fraud and analyse and apply theories and techniques to prevent and detect fraud
4. develop capabilities to work effectively in a group; and/or demonstrate effective individual analytical and critical thinking skills to solve business problems; and/or develop oral communication skills and demonstrate independent thinking through contributions to class discussions; and demonstrate in individual summative assessment tasks the acquisition of an comprehensive understanding of the topics covered by this unit

Assessment

Within semester assessment: 40%
Examination (3 hours): 60%

Chief examiner(s)

Peter Carey

Contact hours

3 hours per week

Prerequisites

Students must be enrolled in one of the following courses: 0503, 3850, 4401, 0790, 0826 or 3843.
It is recommended that students should have passed AFX9500 or equivalent before undertaking this unit.

Prohibitions

AFF5120