Unit of Study ACCT6003 - Professional Auditing (2023)
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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:
identify and evaluate key auditing standards, ethical code and quality control requirements for audit and assurance engagements in a complex business environment
analyse the significance of materiality and risk in the audit process for gathering evidence and apply appropriate audit sampling methods
discuss the importance of internal controls to the audit process and analyse audit processes to conduct audit
evaluate and conclude different types of audit opinions included in the financial reports with professional judgement.
Prescribed learning resources
- This 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. Just be aware that if you are accessing pdf version of individual standards from AUASB website (they are free) then make sure to download them as required.: : CAANZ (Chartered Accountants Australia and New Zealand), 2021, Auditing, Assurance and Ethics Handbook 2021, 16th edn, John Wiley & Sons Limited, Milton, Queensland. ISBN: 9780730392149.
- This text is referred to and used throughout the unit. The e-text is strongly recommended though a much more expensive printed version is available. PLEASE NOTE the link to the publisher website for purchase: http://www.wileydirect.com.au/buy/auditing-a-practical-approach-3rd-edition/:: Moroney, R, Campbell, F & Hamilton, J , 2020, Auditing: A Practical Approach, 4th edn, John Wiley and Sons Ltd, Australia, Milton, Qld. ISBN: 9780730382645.
Access to a computer with a webcam and reliable internet connection. Students will be required to complete an onboarding process to verify their identity before attempting the online exam in this unit.
Prescribed Learning Resources may change in future Teaching Periods.