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ACCT13-305: Auditing

Description

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.

Subject details

TypeUndergraduate
CodeACCT13-305
EFTSL0.125
FacultyBond Business School
Semesters offered
  • September 2021 [Standard Offering]
  • January 2022 [Standard Offering]
  • September 2022 [Standard Offering]
  • January 2023 [Standard Offering]
  • September 2023 [Standard Offering]
Credit10
Study areas
  • Business and Commerce
Subject fees
  • Commencing in 2021: $3,890
  • Commencing in 2022: $3,950

Learning outcomes

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.

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):

Restrictions: ?
  • Study Abroad Students

Subject outlines

Subject dates

Standard Offering
Enrolment opens15/11/2020
Semester start18/01/2021
Subject start18/01/2021
Cancellation 1?01/02/2021
Cancellation 2?08/02/2021
Last enrolment31/01/2021
Withdraw – Financial?13/02/2021
Withdraw – Academic?06/03/2021
Teaching census?12/02/2021
Standard Offering
Enrolment opens18/07/2021
Semester start13/09/2021
Subject start13/09/2021
Cancellation 1?27/09/2021
Cancellation 2?04/10/2021
Last enrolment26/09/2021
Withdraw – Financial?09/10/2021
Withdraw – Academic?30/10/2021
Teaching census?08/10/2021