Postgraduate - UnitAFG9041 - Auditing and assurance

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

Synopsis

Overview of auditing, the auditor's legal liabilities, audit process and evidence, the concepts of materiality and risks, study and evaluation of internal control, IT 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:

1. explain the role, limitations and demand for audits in society and develop skills in determining the auditor's professional, ethical and legal obligations
2. explain the auditor's role in corporate governance
3. develop an understanding of the assurance framework and develop skills in the application of the key evidence gathering procedures used by auditors when planning, assessing the risks of material misstatements and carrying out audit procedures to determine their audit opinion
4. develop skills in determining the type and format of reports provided by auditors
5. 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 AFG9041.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Janet Jackson

Prerequisites

AFG9073

Prohibitions

AFX5621, AFX9570