Abstract
This subject adopts a risk-based approach to auditing and assurance services, exploring the practice and theory of auditing as it applies to Australia within a global environment. The concept of risk management is emphasised as it permeates all functions of management, audit and corporate governance.
Syllabus
audit and assurance services;professionalism, governance and ethics;legal environments;elements of the financial report audit;risk and risk management;audit risk, materiality and audit evidence;internal control structure and assessment;audit testing methodology;completion, review and reporting obligations; andcompliance, performance and other assurance services.
Learning outcomes
Upon successful completion of this subject, students should:
1.
be able to explain and critically evaluate influences on audit and assurance services including: Australian and international professional standards, statutory and common laws, regulatory bodies, and public expectations within a global market;
2.
be able to evaluate the expanding scope of assurance services and providers in today's international business environment;
3.
be able to demonstrate risk management methodologies and the role of internal controls in an audit context;
4.
be able to design an audit plan and select and apply appropriate audit procedures for a financial statement audit; and
5.
be able to exercise critical and reflective judgement and appreciate the value of ethical practice.
Enrolment restrictions
Postgraduate students only.
Incompatible
Pre-requisite