UNIT CODE: ACC303

AUDIT AND ASSURANCE

UNIT DESCRIPTION

This unit examines the essential role of audit and the professional auditor in modern business enterprises. It examines the legal obligations and responsibilities of companies, before explaining the audit process and describing the audit environment, including responsible agencies, legislation, and auditing standards and practice. The unit considers the concepts of operational risk assessment and materiality as well as the nature of audit evidence. The unit concludes with students being exposed to ethical requirements, corporate governance and other current issues in auditing and assurance.

STUDENT WORKLOAD + DELIVERY MODE

TIMETABLED HOURS

RECOMMENDED PERSONAL HOURS

TOTAL WORKLOAD HOURS

STUDY LOAD

3 Hours per week

5 Hours per week

8 Hours per week

Full time

MODE OF DELIVERY

This unit will be offered to students in the following mode/s:

+ Face-to-face (Domestic and International)

+ Online (Domestic)

OVERVIEW

Award Course

Bachelor of Business Accounting

Area

Accounting

Unit Duration

12 Weeks

Weekly Attendance Pattern

3 hour session

Unit Level

300

Unit Weighting

6 Credit Points

Unit Type

Core Unit

Pre-Requisites

ACC104 Accounting Information Systems (or equivalent)

Co-Requisites

N/A

Work Integrated Learning

UNIT LEARNING OUTCOMES

Explain the role of the auditor in modern businesses with those of directors and financial employees
Evaluate the professional, legal and ethical responsibilities of an auditor and the need for independent audits
Assess the regulatory environment within which auditors operate
Outline the audit process for the conduct of a financial statement audit and justify the choice of audit report issued
Apply the auditing principles and standards, including audit assertions, audit evidence and materiality to case based scenarios
Assess the requirements of corporate financial reporting and related systems audits

ASSESSMENT STRUCTURE

ASSESSMENT TASK

Assessment 1: Tutorial Quizzes
Assessment 2: Group Report & Presentation
Assessment 3: Final Exam
Assessment 4: Engagement with the Process

BACK TO ACCOUNTING