AFF5120

Advanced auditing and professional practice

Mr Peter Carey

6 points
* 39 hours per semester
* First, second, summer semester
* Caulfield, Sydney, Singapore, Hong Kong (not offered in all locations in all semesters)

Objectives On completion of this subject students should have analysed a broad range of audit research. In particular, students develop an understanding of the philosophical and economic concepts underlying the theory of auditing; the auditor's role in society; the various types of audits, current issues in auditing and audit technology; the nature of internal control and its relevance to the audit process; the behavioural dimensions for decision making by auditors; and the future direction of the attest service.

Synopsis Seminars to guide participants to have knowledge of the demand and supply of the external audit function; determinants of audit quality; audit expectation gap; auditor switching; internal control and the prevention and detection of fraud; internal auditing; performance and environmental audits; and behavioural dimensions of auditing.

Assessment Class presentation and case studies: 20%
* Research report (2500 words): 30%
* Examination (2 hours): 50%

Prescribed texts

Mautz R K and Sharaf H A The philosophy of auditing American Accounting Association, 1961