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Development of an understanding of the processes and practices involved in external auditing of general purpose and other financial reports within the framework of Auditing Standards and the Corporations Law, exploration of underpinning theory as to why audits and other assurance services are demanded, the role these services play in reducing information risk and the various threats to auditor independence that present themselves.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Describe the ethical, legal and professional environments in which audit and assurance providers operate;
- Conduct client risk assessments 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 various reporting obligations of and options available to audit and assurance providers.
On successful completion of this subject, students should have improved the following generic skills:
- Evidence collection;
- Information analysis;
- Problem solving;
- Decision making;
- Oral/written communication;
- Collaborative learning and team work.
Last updated: 6 December 2019