Undergraduate - UnitACB3041 - Auditing and assurance

This unit entry is for students who completed this unit in 2014 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

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

Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Accounting
Offered	Berwick Second semester 2014 (Day)
Coordinator(s)	Dr Lisa Powell

Synopsis

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

Outcomes

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
describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3041.