Auditing Principles

Course aim

To enable students to critically  assess and apply concepts of audit practice and examine current issues relating to the role of external audit in the Australian environment and gain an appreciation of the complexities of an audit in practice.

Course content

The nature and purpose of auditing; Audit planning; Auditing Standards and ethics; evaluation of accounting systems and internal control (including CIS); tests of control vs. substantive testing; audit programs; audit evidence; audit sampling; fraud and the auditor; auditing transaction cycles; completing the audit; forming an audit opinion; completing the audit and forming an audit opinion; legal liability of auditors.

Textbook(s)

CAANZ (Chartered Accountants Australia and New Zealand), Auditing and assurance and ethics handbook, Latest edition, John Wiley & Sons, Milton, Qld, Australia

Arens, A A, Best, P J, Shailer, G E P, Fiedler, B A, Elder, R & Beasley, M 2013, Auditing, assurance services and ethics in Australia - an integrated approach, 9th edn, Pearson Australia, Frenchs Forest, NSW

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ACCT 5023	Financial Accounting

Corequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ACCT 5013	Advanced Accounting
COML 5009	Commercial Law M

Teaching method

Component	Duration
INTERNAL, CITY WEST
Seminar	3 hours x 13 weeks
EXTERNAL, CITY WEST, DISTANCE EDUCATION
External	x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Case study, Examination, Presentation

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.