ADVANCED AUDITING AND ASSURANCE SERVICES

ACC5AAS

2020

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/Exchange StudentsNo

Subject year levelYear Level 5 - Masters

Available as ElectiveNo

Learning ActivitiesN/A

Capstone subjectNo

Subject particulars

Subject rules

PrerequisitesACC5CRE

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Quota Management StrategyN/A

Quota-conditions or rulesN/A

Special conditionsN/A

Minimum credit point requirementN/A

Assumed knowledgeN/A

Career Ready

Career-focusedNo

Work-based learningNo

Self sourced or Uni sourcedN/A

Entire subject or partial subjectN/A

Total hours/days requiredN/A

Location of WBL activity (region)N/A

WBL addtional requirementsN/A

Graduate capabilities & intended learning outcomes

Graduate Capabilities

COMMUNICATION - Communicating and Influencing
DISCIPLINE KNOWLEDGE AND SKILLS
INQUIRY AND ANALYSIS - Creativity and Innovation
INQUIRY AND ANALYSIS - Critical Thinking and Problem Solving
INQUIRY AND ANALYSIS - Research and Evidence-Based Inquiry
PERSONAL AND PROFESSIONAL - Ethical and Social Responsibility
PERSONAL AND PROFESSIONAL - Leadership and Teamwork

Intended Learning Outcomes

01. Demonstrate an understanding of the role of the auditors by explaining the different types of audit and assurance services.
02. Identify the ethical issues for the audit professional and propose an appropriate course of action to resolve any dilemmas.
03. Critically evaluate the impact of risk and materiality in conducting a financial statement audit.
04. Analyse and evaluate the internal controls and substantive testing procedures in conducting a financial statement audit.
05. Critically evaluate the evidence gathered during the auditing process and propose an appropriate audit opinion.
06. Interpret the relevant auditing standards and statutory provisions and apply them appropriately to the relevant audit situation.

Subject options

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Start date between: and    Key dates

Melbourne (Bundoora), 2020, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorSeema Miglani

Class requirements

Lecture Week: 10 - 22
One 2.00 h 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 1.00 h tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*
One in-class assessment (equivalent to 1,000 words)N/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One group assignment (equivalent to 1,000 words per student) 2 students per group, 1,000 words per studentN/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One 3-hour final examination (equivalent to 3,000 words)N/AN/AN/ANo60 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6

Melbourne (Bundoora), 2020, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorSeema Miglani

Class requirements

Lecture Week: 31 - 43
One 2.00 h 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 1.00 h tutorial per week on weekdays during the day from week 32 to week 43 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*
One in-class assessment (equivalent to 1,000 words)N/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One group assignment (equivalent to 1,000 words per student) 2 students per group, 1,000 words per studentN/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One 3-hour final examination (equivalent to 3,000 words)N/AN/AN/ANo60 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6

Sydney, 2020, Study period 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorSeema Miglani

Class requirements

Lecture Week: 10 - 22
One 2.00 h 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 1.00 h tutorial per week on weekdays during the day from week 11 to week 22 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*
One in-class assessment (equivalent to 1,000 words)N/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One group assignment (equivalent to 1,000 words per student) 2 students per group, 1,000 words per studentN/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One 3-hour final examination (equivalent to 3,000 words)N/AN/AN/ANo60 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6

Sydney, 2020, Study period 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Subject Instance Co-ordinatorSeema Miglani

Class requirements

Lecture Week: 31 - 42
One 2.00 h 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 1.00 h tutorial per week on weekdays during the day from week 32 to week 42 and delivered via face-to-face.

Assessments

Assessment elementCommentsCategoryContributionHurdle% ILO*
One in-class assessment (equivalent to 1,000 words)N/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One group assignment (equivalent to 1,000 words per student) 2 students per group, 1,000 words per studentN/AN/AN/ANo20 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6
One 3-hour final examination (equivalent to 3,000 words)N/AN/AN/ANo60 SILO1, SILO2, SILO3, SILO4, SILO5, SILO6