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Auditing and Assurance Services (ACCT30004)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Year of offer2019
Subject levelUndergraduate Level 3
Subject codeACCT30004
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

Topics include the rationale for auditing; auditing standards; audit objectives, concepts and procedures; audit techniques including statistical sampling and the audit of computer-based accounting systems; audit reports; the legal liability of auditors; the professional and ethical responsibilities of auditors; the statutory responsibilities and rights of auditors; contemporary auditing problems; and consideration of how research informs these auditing topics.

Intended learning outcomes

• Critically evaluate the theories regarding demand for and supply of audit and assurance services of both a financial and non-financial nature;
• Describe the environment in which audit and assurance providers operate, including ethical, and professional aspects;
• Assess client risks pertinent to the audit and assurance process;
• Apply the concepts and processes used by audit and assurance service providers to gather evidence and formulate judgments with respect to the underlying information;
• Describe the reports provided by audit and assurance providers, in their various forms, to various stakeholders;
• Synthesise current business and auditing issues as they relate to auditing and assurance services;
• Apply contemporary themes within the business media regarding auditing and assurance to current auditing and assurance practice

Generic skills

• High level of development: collaborative learning; problem solving; team work; application of theory to practice; interpretation and analysis; critical thinking
• Moderate level of development: written communication; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas

Last updated: 10 August 2019