Auditing is an important process necessary to provide assurance about the accuracy and transparency of corporate financial statements. This subject introduces the principles and practices of external auditing in the public accounting domain within the framework of Australian and International Auditing Standards. Whilst the audit risk model and each phase of the audit process is presented, emphasis is also placed on ethical considerations, independence and corporate governance.
|Faculty||Bond Business School|
1. Explain the purpose, nature and limitations of audits of general purpose financial statements and related regulation. 2. Apply International Standards on Auditing or other relevant auditing standards, laws, and regulations applicable to an audit of general-purpose financial statements. 3. Demonstrate the ability to make decisions about various elements of the audit risk model and determine how those decisions influence audit strategy, including the nature, timing, and extent of audit procedures. 4. Apply methods that are used in audit engagements to inform judgements, make decisions and reach well-reasoned conclusions relevant to the sufficiency and appropriateness of audit evidence. 5. Synthesise audit evidence to make recommendations as to the appropriate audit opinion to be issued. 6. Identify threats to compliance with the application of fundamental ethics principles in standard auditing contexts. 7. Communicate clearly and concisely when presenting and discussing knowledge and ideas related to auditing professional practice in informal situations. 8. Communicate straightforward auditing advice and ideas in writing to influence specialists and non-specialists.
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
Assumed Prior Learning (or equivalent):
|Withdraw – Financial?||09/10/2021|
|Withdraw – Academic?||30/10/2021|
|Withdraw – Financial?||12/02/2022|
|Withdraw – Academic?||05/03/2022|