ADVANCED AUDITING AND ASSURANCE SERVICES

ACC5AAS

2019

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-ordinatorJustin Lachal

Available to Study Abroad StudentsNo

Subject year levelYear Level 5 - Masters

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites ACC5FAS

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsAuditing, Assurance Serivces & Ethics in Australia: An Integrated Approach, 10th editionPrescribedArens, Best, Shailer, Fiedler, Elder, BeasleyPearson

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…

Start date between: and    Key dates

Melbourne, 2019, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Tutorial Week: 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.

Lecture Week: 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 elementComments% ILO*
One in-class assessment (equivalent to 1,000 words)20 01, 02, 03, 04, 05, 06
One group assignment (equivalent to 1,000 words in per student)2 students per group, 1,000 words per student20 01, 02, 03, 04, 05, 06
One 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06

Melbourne, 2019, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSeema Miglani

Class requirements

Lecture Week: 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.

Tutorial Week: 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 elementComments% ILO*
One in-class assessment (equivalent to 1,000 words)20 01, 02, 03, 04, 05, 06
One group assignment (equivalent to 1,000 words in per student)2 students per group, 1,000 words per student20 01, 02, 03, 04, 05, 06
One 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06

Sydney, 2019, Study Period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJustin Lachal

Class requirements

Lecture Week: 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.

Tutorial Week: 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 elementComments% ILO*
One in-class assessment (equivalent to 1,000 words)20 01, 02, 03, 04, 05, 06
One group assignment (equivalent to 1,000 words in per student)2 students per group, 1,000 words per student20 01, 02, 03, 04, 05, 06
One 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06

Sydney, 2019, Study Period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorSeema Miglani

Class requirements

Lecture Week: 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.

Tutorial Week: 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 elementComments% ILO*
One in-class assessment (equivalent to 1,000 words)20 01, 02, 03, 04, 05, 06
One group assignment (equivalent to 1,000 words in per student)2 students per group, 1,000 words per student20 01, 02, 03, 04, 05, 06
One 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06

Sydney, 2019, Study Period 3, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorBalachandran Muniandy

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 elementComments% ILO*
One in-class assessment (equivalent to 1,000 words)20 01, 02, 03, 04, 05, 06
One group assignment (equivalent to 1,000 words in per student)2 students per group, 1,000 words per student20 01, 02, 03, 04, 05, 06
One 3-hour final examination (equivalent to 3,000 words)60 01, 02, 03, 04, 05, 06