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ACCT71-305: Auditing

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 Subject
Code: ACCT71-305
EFTSL: 0.125
Faculty: Bond Business School
Semesters offered:
  • September 2023 [Standard Offering]
  • January 2024 [Standard Offering]
Credit: 10
Study areas:
  • Business, Commerce, and Entrepreneurship
Subject fees:
  • Commencing in 2023: $5,300.00
  • Commencing in 2024: $5,410.00
  • Commencing in 2023: $5,710.00
  • Commencing in 2024: $6,060.00

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 complex transactions that could result in material misstatements in financial statements.
  3. Demonstrate the ability to make decisions about the elements of the audit risk model and evaluate how those decisions impact the audit process in complex audit engagements.
  4. Demonstrate the ability to apply appropriate auditing methods, make informed judgements and reach well-reasoned conclusions regarding audit evidence and the issuance of an audit opinion in complex audit engagements.
  5. Apply the standards, ethics, and professional values of the accounting profession to solve complex issues relevant to auditing practice.
  6. Demonstrate the ability to critically reflect on and learn from personal experience and feedback from others to enable continued development.

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:

Subject dates

  • Standard Offering
    Enrolment opens: 16/07/2023
    Semester start: 11/09/2023
    Subject start: 11/09/2023
    Cancellation 1: 25/09/2023
    Cancellation 2: 02/10/2023
    Last enrolment: 24/09/2023
    Withdraw - Financial: 07/10/2023
    Withdraw - Academic: 28/10/2023
    Teaching census: 06/10/2023
  • Standard Offering
    Enrolment opens: 12/11/2023
    Semester start: 15/01/2024
    Subject start: 15/01/2024
    Cancellation 1: 29/01/2024
    Cancellation 2: 05/02/2024
    Last enrolment: 28/01/2024
    Withdraw - Financial: 10/02/2024
    Withdraw - Academic: 02/03/2024
    Teaching census: 09/02/2024
Standard Offering
Enrolment opens: 16/07/2023
Semester start: 11/09/2023
Subject start: 11/09/2023
Cancellation 1: 25/09/2023
Cancellation 2: 02/10/2023
Last enrolment: 24/09/2023
Withdraw - Financial: 07/10/2023
Withdraw - Academic: 28/10/2023
Teaching census: 06/10/2023