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Unit of Study ACCT3004 - Auditing (2022)

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Unit Snapshot

Unit description

Introduces students to the concepts and practice of auditing, the way the profession has developed and the way the profession is meeting current business and social needs. In addition, the use of statistical techniques and EDP systems in auditing will be reviewed.

Unit content

Module 1: Overview of audit, assurance and professional ethics

Module 2: Risk assessment and audit strategy

Module 3: Audit evidence and sampling

Module 4: Understanding the client's internal controls and tests of controls

Module 5: Substantive audit procedures and testing

Module 6: Completing and reporting the audit

Availabilities

Location Domestic International
Gold Coast
Term3,5
Term3,5
Melbourne N/A
Term1,3
Online
Term1,3,5
Term1,3,5
Papua New Guinea - IBSU Port Moresby N/A
Session1
Perth N/A
Term1,3
Sydney N/A
Term1,3

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

understand and apply key auditing standards, ethical code and quality control requirements for audit and assurance engagements within a business entity

analyse the significance of materiality and risk in the audit process for gathering evidence and form audit strategy

discuss the client’s internal controls in the audit process

analyse audit processes to conduct audit and conclude audit opinions.

Prescribed learning resources

Prescribed Texts
  • The following Handbook contains the Australian Auditing Standards referred to throughout the unit. Students are encouraged to make use of the most recent edition of the Handbook due to the evolving nature of auditing standards, and, if accessing pdf versions of the individual standards from the AUASB website, to be sure to download the pdfs as required (they are free): CAANZ, 2020, Auditing, Assurance and Ethics Handbook 2020, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730384229.
  • The following text is referred to and used throughout the unit, and whilst the e-text is strongly recommended, a much more expensive printed version is available: Moroney, R, Campbell, F & Hamilton, J, 2020, Auditing: A Practical Approach, 4th edn, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730382645.

Prescribed Texts
  • The following Handbook contains the Australian Auditing Standards referred to throughout the unit. Students are encouraged to make use of the most recent edition of the Handbook due to the evolving nature of auditing standards, and, if accessing pdf versions of the individual standards from the AUASB website, to be sure to download the pdfs as required (they are free): CAANZ, 2020, Auditing, Assurance and Ethics Handbook 2020, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730384229.
  • The following text is referred to and used throughout the unit, and whilst the e-text is strongly recommended, a much more expensive printed version is available: Moroney, R, Campbell, F & Hamilton, J, 2020, Auditing: A Practical Approach, 4th edn, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730382645.

Prescribed Texts
  • The following Handbook contains the Australian Auditing Standards referred to throughout the unit. Students are encouraged to make use of the most recent edition of the Handbook due to the evolving nature of auditing standards, and, if accessing pdf versions of the individual standards from the AUASB website, to be sure to download the pdfs as required (they are free): CAANZ, 2020, Auditing, Assurance and Ethics Handbook 2020, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730384229.
  • The following text is referred to and used throughout the unit, and whilst the e-text is strongly recommended, a much more expensive printed version is available: Moroney, R, Campbell, F & Hamilton, J, 2020, Auditing: A Practical Approach, 4th edn, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730382645.

Prescribed Texts
  • The following Handbook contains the Australian Auditing Standards referred to throughout the unit. Students are encouraged to make use of the most recent edition of the Handbook due to the evolving nature of auditing standards, and, if accessing pdf versions of the individual standards from the AUASB website, to be sure to download the pdfs as required (they are free): CAANZ, 2020, Auditing, Assurance and Ethics Handbook 2020, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730384229.
  • The following text is referred to and used throughout the unit, and whilst the e-text is strongly recommended, a much more expensive printed version is available: Moroney, R, Campbell, F & Hamilton, J, 2020, Auditing: A Practical Approach, 4th edn, John Wiley & Sons Ltd, Milton, Queensland. ISBN: 9780730382645.

Prescribed Learning Resources may change in future Teaching Periods.