Description
This subject introduces the principles and practices of external auditing in the public accounting domain within the framework of Australian and International Auditing Standards. This subject focuses on the critical analysis and application of the audit risk model, auditing standards and each phase of the audit process. Emphasis is also placed on ethical considerations, independence and corporate governance relevant to the practice of external auditing of corporate financial statements.
Subject details
| Type | Postgraduate |
| Code | ACCT71-305 |
| EFTSL | 0.125 |
| Faculty | Bond Business School |
| Semesters offered |
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| Credit | 10 |
| Study areas |
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| Subject fees |
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Learning outcomes
1. Evaluate 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. Critically evaluate elements of the audit risk model and make informed decisions as to the appropriate audit strategy to be implemented, 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 complex information related to audit evidence to determine the appropriate audit opinion to be issued, including relevant disclosures as appropriate. 6. Demonstrate a comprehensive understanding of threats to compliance with the fundamental ethics principles and their application and remediation in a variety of auditing contexts. 7. Communicate clearly and concisely when presenting and discussing knowledge and ideas related to auditing professional practice in formal and informal situations. 8. Communicate complex auditing advice and ideas in writing to influence specialists and non-specialists.
Enrolment requirements
| Requisites: ? | Nil |
|---|---|
| Assumed knowledge: | 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):
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| Restrictions: ? | Nil |
Subject outlines
Subject dates
| Standard Offering | |
|---|---|
| Enrolment opens | 18/07/2021 |
| Semester start | 13/09/2021 |
| Subject start | 13/09/2021 |
| Cancellation 1? | 27/09/2021 |
| Cancellation 2? | 04/10/2021 |
| Last enrolment | 26/09/2021 |
| Withdraw – Financial? | 09/10/2021 |
| Withdraw – Academic? | 30/10/2021 |
| Teaching census? | 08/10/2021 |
| Standard Offering | |
|---|---|
| Enrolment opens | 14/11/2021 |
| Semester start | 17/01/2022 |
| Subject start | 17/01/2022 |
| Cancellation 1? | 31/01/2022 |
| Cancellation 2? | 07/02/2022 |
| Last enrolment | 30/01/2022 |
| Withdraw – Financial? | 12/02/2022 |
| Withdraw – Academic? | 05/03/2022 |
| Teaching census? | 11/02/2022 |