Abstract

This subject adopts a risk-based approach to auditing and assurance services, exploring the practice and theory of auditing and forensic investigation.   The expanding role of auditing to financial and nonfinancial reporting provides an opportunity for students to appreciate the changing role of the auditor and societal expectation of ethics and … For more content click the Read More button below.

Syllabus

Audit processEthics & governanceRiskCAATSCSR auditsIT and contemporary audit tools

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 identify and critically evaluate the expanding scope of assurance services and providers in today's international business environment including nonfinancial reporting;
3.
be able to apply risk management methodologies and identify how information and communication technology supports identification, reporting and management of risk, enhances the efficiency and effectiveness of an organisation’s systems and processes, and analyse the adequacy of information and communication technology processes and controls and identify improvements in an audit context;
4.
be able to discuss technological advances that support data analysis, decision making, and enhances the efficiency and effectiveness of communication in an audit context;
5.
be able to design an audit plan and select and apply appropriate audit procedures for a financial statement audit;
6.
be able discuss the role of the audit professional in diverse audit teams involved in assurance of sustainability and other non-financial reports; and
7.
be able to exercise critical and reflective judgement and appreciate the value of ethical practice.

Enrolment restrictions

Postgraduate students only and not available to students who have completed ACC568