acc5aas adv aud
ADVANCED AUDITING AND ASSURANCE SERVICES
ACC5AAS
2018
Credit points: 15
Subject outline
This subject seeks to enhance your understanding of the nature and purpose of auditing and the responsibilities of auditors in fulfilling their duties in the context of reporting quality information to stakeholders. You will explore underlying concepts and objectives of auditing, including the role of auditors in governance and sustainability.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorSeema Miglani
Available to Study Abroad StudentsNo
Subject year levelYear Level 5 - Masters
Exchange StudentsNo
Subject particulars
Subject rules
PrerequisitesN/A
Co-requisites ACC5CRE
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditions Core in courses: LMAFM, LMPACBA, LMPACPA, LMPACIS, LZFAPA, LMPAC, LMPASY
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | To be advised | Prescribed | To be advised | To be advised |
Graduate capabilities & intended learning outcomes
01. Demonstrate an understanding of the role of the auditors by explaining the different types of audit and assurance services.
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
02. Identify the ethical issues for the audit professional and propose an appropriate course of action to resolve any dilemmas.
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
03. Critically evaluate the impact of risk and materiality in conducting a financial statement audit.
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
04. Analyse and evaluate the internal controls and substantive testing procedures in conducting a financial statement audit.
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
05. Critically evaluate the evidence gathered during the auditing process and propose an appropriate audit opinion.
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
06. Interpret the relevant auditing standards and statutory provisions and apply them appropriately to the relevant audit situation.
- Activities:
- Lecture and tutorials
- Related graduate capabilities and elements:
- Literacies and Communication Skills(Writing)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Inquiry and Analytical Skills(Critical Thinking,Creative Problem-solving,Inquiry/Research)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Personal and Professional Skills(Teamwork including leadership and working in groups,Ethical behaviour)
- Discipline -Specific Knowledge and Skills(Discipline-Specific Knowledge and Skills)
Subject options
Select to view your study options…
Melbourne, 2018, Semester 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSeema Miglani
Class requirements
TutorialWeek: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Semester Test (1 h) (1000 word equivalent) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group Assignment (1500 words per student, in pairs) | 20 | 01, 02, 03, 04, 05, 06 | |
| One 2-hour final examination (2000 word equivalent) | Students must achieve at least 45% on the final examinations as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
Melbourne, 2018, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSeema Miglani
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 32 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Semester Test (1 h) (1000 word equivalent) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group Assignment (1500 words per student, in pairs) | 20 | 01, 02, 03, 04, 05, 06 | |
| One 2-hour final examination (2000 word equivalent) | Students must achieve at least 45% on the final examinations as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2018, Study Period 1, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSeema Miglani
Class requirements
LectureWeek: 10 - 22
One 2.0 hours lecture per week on weekdays during the day from week 10 to week 22 and delivered via face-to-face.
TutorialWeek: 11 - 22
One 1.0 hours tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Semester Test (1 h) (1000 word equivalent) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group Assignment (1500 words per student, in pairs) | 20 | 01, 02, 03, 04, 05, 06 | |
| One 2-hour final examination (2000 word equivalent) | Students must achieve at least 45% on the final examinations as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2018, Study Period 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSeema Miglani
Class requirements
LectureWeek: 31 - 42
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 42 and delivered via face-to-face.
TutorialWeek: 32 - 42
One 1.0 hours tutorial per week on weekdays during the day from week 32 to week 42 and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Semester Test (1 h) (1000 word equivalent) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group Assignment (1500 words per student, in pairs) | 20 | 01, 02, 03, 04, 05, 06 | |
| One 2-hour final examination (2000 word equivalent) | Students must achieve at least 45% on the final examinations as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |
Sydney, 2018, Study Period 3, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorSeema Miglani
Class requirements
Lecture
One 2.0 hours lecture per week on weekdays during the day and delivered via face-to-face.
Tutorial
One 1.0 hours tutorial per week on weekdays during the day and delivered via face-to-face.
Assessments
| Assessment element | Comments | % | ILO* |
|---|---|---|---|
| Semester Test (1 h) (1000 word equivalent) | 20 | 01, 02, 03, 04, 05, 06 | |
| Group Assignment (1500 words per student, in pairs) | 20 | 01, 02, 03, 04, 05, 06 | |
| One 2-hour final examination (2000 word equivalent) | Students must achieve at least 45% on the final examinations as well as an overall total of 50% to pass the subject | 60 | 01, 02, 03, 04, 05, 06 |