Auditing and Assurance (11762.1)
Please note these are the 2022 details for this unit
Available teaching periods | Delivery mode | Location |
---|---|---|
View teaching periods | Flexible |
UC - Canberra, Bruce |
EFTSL | Credit points | Faculty |
0.125 | 3 | Faculty Of Business, Government & Law |
Discipline | Study level | HECS Bands |
Canberra Business School | Level 3 - Undergraduate Advanced Unit | Band 4 2021 (Commenced After 1 Jan 2021) Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905) Band 5 2021 (Commenced Before 1 Jan 2021) |
The unit provides an overview of audit as part of the assurance service industry and its legal, professional and institutional environment. The unit examines the legal and ethical responsibilities of auditors, auditor independence and a range of risk factors auditors need to deal with. Students are also introduced to key practical concepts of an audit in a computer-based environment in order to plan and apply audit procedures effectively.
This unit is co-taught with 6223 Auditing PG.
1. Critically evaluate the audit system with emphasis on the relevant legal and regulatory environment, professional expectations related to ethics and independence and the broader social and political context of auditing;
2. Exercise critical thinking in the application of relevant auditing standards and regulation for the purpose of auditing general-purpose financial statements;
3. Exercise judgment with respect to audit risk, material misstatement and appropriate audit strategies in responding to case-based scenarios;
4. Exercise judgment in audit engagements (including the application of relevant quantitative methods), in identifying relevant audit evidence, including contradictory evidence, and in making decisions to reach conclusions relevant to the conduct of an audit; and
5. Exercise judgement in determining an audit opinion and critically evaluate whether there is sufficient and appropriate evidence to justify the audit opinion.
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - take pride in their professional and personal integrity
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
This unit is co-taught with 6223 Auditing PG.
Learning outcomes
After successful completion of this unit, students will be able to:1. Critically evaluate the audit system with emphasis on the relevant legal and regulatory environment, professional expectations related to ethics and independence and the broader social and political context of auditing;
2. Exercise critical thinking in the application of relevant auditing standards and regulation for the purpose of auditing general-purpose financial statements;
3. Exercise judgment with respect to audit risk, material misstatement and appropriate audit strategies in responding to case-based scenarios;
4. Exercise judgment in audit engagements (including the application of relevant quantitative methods), in identifying relevant audit evidence, including contradictory evidence, and in making decisions to reach conclusions relevant to the conduct of an audit; and
5. Exercise judgement in determining an audit opinion and critically evaluate whether there is sufficient and appropriate evidence to justify the audit opinion.
Graduate attributes
1. UC graduates are professional - communicate effectively1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - take pride in their professional and personal integrity
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - understand issues in their profession from the perspective of other cultures
2. UC graduates are global citizens - communicate effectively in diverse cultural and social settings
Prerequisites
11214 Corporate AccountingCorequisites
None.Incompatible units
6223 Auditing PGEquivalent units
11218, 6398 AuditingAssumed knowledge
Students enrolled in this unit should have a basic understanding and practical knowledge of accounting. They should be able to prepare financial statements.Year | Location | Teaching period | Teaching start date | Delivery mode | Unit convener |
---|---|---|---|---|---|
2022 | UC - Canberra, Bruce | Semester 2 | 01 August 2022 | Flexible | Dr Barbara Voss |
The information provided should be used as a guide only. Timetables may not be finalised until week 2 of the teaching period and are subject to change. Search for the unit
timetable.