6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
This unit encompasses the nature and purpose of audit and assurance services, and the regulatory and professional environment in which they operate. Students apply professional, ethical and legal requirements stemming from the assurance framework and applicable auditing pronouncements to 'real world' scenarios.
The learning goals associated with this unit are to:
- critically evaluate the demand for and the limitations of audit and assurance services
- explain the regulatory ethical and professional requirements applicable to assurance services
- understand the assurance framework and apply judgement to determine audit strategy and procedures, appropriateness of evidence gathered and conclusions reached
- analyse the auditor's role in corporate governance with emphasis on the detection and reporting of frauds and errors
- apply critical thinking, problem solving and communication skills to resolve ethical dilemmas and professional issues faced by audit practitioners.
Within semester assessment: 50% + Examination: 50%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
Students must have passed one of the following units: ACC2100, AFC2120, ACC2120.