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Auditing and assurance ( 6 points, SCA Band 2, 0.125 EFTSL)


Leader: Associate Professor Carolyn Windsor (chief Examiner) Poonam Bir (Unit leader)

Clayton Second semester 2006 (Day)

Synopsis: Topics include an overview of the audit function and assurance framework, and of different types of audit and assurance service; duties of the external auditor; the auditor's liability to third parties; detection and reporting of fraud; the audit process and techniques including planning, business risk assessment, tests of controls, substantive testing, reviewing internal control, gathering audit evidence, using analytical procedures, and audit sampling; the audit of computer information systems; audit reporting; internal auditing; performance auditing; and emerging issues.

Assessment: Written (2000 words): 15% + Mid-semester test (50 minutes): 15% + Tutorial presentation: 10% + Examination (3 hours): 60%

Contact Hours: Two 1-hour lectures and one 1-hour tutorial per week

Prerequisites: AFC2120 - It is recommended that students also complete AFC3120.