ACF5957 - Auditing and assurance - 2018

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - Unit

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


Business and Economics

Organisational Unit

Department of Accounting

Chief examiner(s)

Dr Joey Huang (First semester)
Dr Damien Lambert (Second semester)


Dr Joey Huang (First semester)
Dr Damien Lambert (Second semester)

Unit guides



  • First semester 2018 (Evening)
  • First semester 2018 (On-campus)
  • Second semester 2018 (On-campus)


Students enrolled in course B6011 or B6015 must have passed ACF5953.

There are no prerequisites for students enrolled in course B6002.


Students must be enrolled in course B6002, B6011 or B6015.


AFG9041, ACG5941, AFF9621, AFX5621, AFX9570


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:

  1. explain and debate the role, limitations and demand for audits in modern corporate society, and give examples of the professional, ethical and legal obligations, and the standards and principles applicable to the audit profession
  2. distinguish between the different types and levels of assurance services provided by professional practitioners, including auditors, and describe the assurance framework
  3. examine the auditor's role in corporate governance with particular emphasis on assessment of internal controls and the detection and reporting of fraud and error
  4. identify, distinguish between and apply the key evidence gathering procedures used by auditors when planning, testing, completing the audit and forming an audit opinion
  5. demonstrate an ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds in independent and group assessable tasks
  6. 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 ACF5957.


Within semester assessment: 50% + Examination: 50%

Workload requirements

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