Auditing and Assurance Services

This subject has the following teaching availabilities in 2016:

None

ACCT30001 Financial Accounting or

Please refer to Prerequisites and Corequisites.

None

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Topics include the rationale for auditing; auditing standards; audit objectives, concepts and procedures; audit techniques including statistical sampling and the audit of computer-based accounting systems; audit reports; the legal liability of auditors; the professional and ethical responsibilities of auditors; the statutory responsibilities and rights of auditors; contemporary auditing problems; and consideration of how research informs these auditing topics.

• Critically evaluate the theories regarding demand for and supply of audit and assurance services of both a financial and non-financial nature;
• Describe the environment in which audit and assurance providers operate, including ethical, and professional aspects;
• Assess client risks pertinent to the audit and assurance process;
• Apply the concepts and processes used by audit and assurance service providers to gather evidence and formulate judgments with respect to the underlying information;
• Describe the reports provided by audit and assurance providers, in their various forms, to various stakeholders;
• Synthesise current business and auditing issues as they relate to auditing and assurance services;
• Apply contemporary themes within the business media regarding auditing and assurance to current auditing and assurance practice

A 3-hour end-of-semester examination (70%), a 1-hour mid-semester test (15%), and an assignment of not more than 1500 words, due late semester (15%). Successful completion of this subject requires a minimum 50% pass in the end-of-semester examination.

You will be advised of prescribed texts by your lecturer.

This subject potentially can be taken as a breadth subject component for the following courses:

• Bachelor of Arts
• Bachelor of Biomedicine
• Bachelor of Environments
• Bachelor of Music
• Bachelor of Science
• Bachelor of Engineering

You should visit learn more about breadth subjects and read the breadth requirements for your degree, and should discuss your choice with your student adviser, before deciding on your subjects.

• High level of development: collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking
• Moderate level of development: written communication; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas