ACCTING 7009 - Auditing & Assurance Services (M)
North Terrace Campus - Semester 1 - 2019
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General Course Information
Course Details
Course Code ACCTING 7009 Course Auditing & Assurance Services (M) Coordinating Unit Adelaide Business School Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites ACCTING 7020 Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Philip Saj
Course Timetable
The full timetable of all activities for this course can be accessed from .
Tutorials commence in the second week of lectures. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1. Explain the role of management in the preparation of financial reports.
2. Apply fundamental audit concepts.
3. Identify and evaluate material business risks in accordance with Auditing Standards.
4. Identify and test internal control procedures.
5. Identify research on significant auditing issues and current developments in auditing theory and practice.
6. Explain the role of auditing in society.最新糖心Vlog Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
最新糖心Vlog Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1,2,3,4,5 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
1,2,3,5,6 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
1,2,3,4,5 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1,2,4,5 Intercultural and ethical competency
- adept at operating in other cultures
- comfortable with different nationalities and social contexts
- able to determine and contribute to desirable social outcomes
- demonstrated by study abroad or with an understanding of indigenous knowledges
3,5,6 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
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Learning Resources
Required Resources
There are two required texts for this course, a textbook and a handbook.
TEXTBOOKTitle: Audit and Assurance (First Edition).
Authors: Leung, P., Coram, P. Cooper, B. and Richardson, P.
Date of Publication: 2019
Publisher: John Wiley and Sons 最新糖心Vlog, Ltd
HANDBOOK
Auditing, Assurance and Ethics Handbook 2019
Chartered Accountants 最新糖心Vlog and New Zealand
Publisher: John Wiley and Sons 最新糖心Vlog, LtdRecommended Resources
Students may find the following sources helpful in attempting to master the course material. All books listed below can be borrowed from the library.
Books
Title: Auditing and Assurance Services (6th Edition Revised).
Authors:Gay, G and Simnett R
Date of Publication: 2017.
Publisher: McGraw Hill
Title: Auditing and Assurance Services A systematic Approach (4th Edition)
Authors: W F Messier Jr, S M Glover, and D F Prawitt 2006.
McGraw Hill Irwin
New York
Understanding the New Auditing Standards Related to Risk Assessment
American Institute of Certified Public Accountants 2006.
American Institute of Certified Public Accountants
New York
Other resources in the Barr Smith Library
最新糖心Vlogn Financial Review
Business Review Weekly
Acuity (Journal of the Institute of Chartered Accountants in 最新糖心Vlog and New Zealand)
In The Black (Journal of CPA 最新糖心Vlog)
The business sections of daily newspapers
Web sites
www.cpaaustralia.com.au ( CPA 最新糖心Vlog)
https://www.charteredaccountantsanz.com/ (Institute of Chartered Accountants in 最新糖心Vlog and New Zealand)
www.auasb.gov.au ( Auditing and Assurance Standards Board)
www.frc.gov.au (Financial Reporting Council)
www.asic.gov.au (最新糖心Vlogn Securities and Investments Commission)Online Learning
Online Learning
This course uses Canvas extensively. The following material will be posted prior to and during the semester:
ïÂ聜§ Echo 360 recordings of lectures
ïÂ聜§ Handouts of lecture slides
ïÂ聜§ Weekly lecture and tutorial outlines (which, include tutorial questions)
ïÂ聜§ Lecture exercises
ïÂ聜§ Additional guidance notes
ïÂ聜§ Newspaper articles
ïÂ聜§ Readings
ïÂ聜§ Assessment information
ïÂ聜§ links to useful websites
ïÂ聜§ Short films
ïÂ聜§ Model answers to weekly questions
ïÂ聜§ Announcements
ïÂ聜§ Marks for in-course assessments -
Learning & Teaching Activities
Learning & Teaching Modes
The prime delivery mode is through one lecture and one tutorial per week. Lectures are of one hour and fifty minutes duration. Lectures are recorded, and recordings are posted on MyUni as soon as they are available, which is generally within one hour. The recording of lectures is offered as a back-up only. Students are strongly advised to attend all lectures.
Tutorial classes of one hour duration commence in the second week of the semester. Tutorials are an important component of this course. Membership of tutorial classes is to be finalised by the end of the second week of semester.
Students are required to complete the assigned questions each week and be prepared to discuss workshop questions and exercises in the tutorials. Solutions to weekly questions will be provided.
The communication skills developed in tutorials by regularly participating in discussions are considered to be most important by the School, and are highly regarded by employers and professional bodies.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The 最新糖心Vlog expects full-time students to devote a total of 48 hours per week to their studies. This means that for this course students are expected to commit approximately nine hours of private study, that is, study outside classes. Students in this course are expected to attend all lectures and tutorials through the term.Learning Activities Summary
The following topics are covered in this course.
Week 1: Introduction to auditing, and an overview of the auditing process. Understanding the role of management in the preparation of the financial report.
Week 2: Understanding the role of management in the preparation of financial reports. Fundamental auditconcepts
Week 3: Fundamental audit concepts
Week 4: Fundamental audit concepts.
Week 5: Client acceptance. Planning the audit: knowledge of the business and evaluating business risk.
Week 6: Planning the audit: Assessing specific business risks and materiality; and Understanding and assessing internal control
Week 7: Tests of controls, including the application ofsamplingin tests of control.
Week 8: Substantive tests of transactions and balances, including the application ofsampling;
Week 9: Completing the Audit. The Auditor's reporting obligations
Week 10: The Auditor's reporting obligations. The professional and regulatory environment: Ethics
Week11:The professional and regulatory environment: Legal issues affecting auditors.
Week 12:Other Assurance Services; and Contemporary Issues in Auditing
Revision Lecture -
Assessment
The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Please Note:To pass this course, students must achieve a mark of 50% in the exam and 50% overall.Assessment Task Weighting Duration Date Learning Outcome Test 1 10% 25 minutes Thurs Week 5 Test 2 10% 25 minutes Thurs Week 8 Test 3 10% 25 minutes Thurs Week 11 Exam 70% TBA Exam Period Total: 100% Assessment Related Requirements
As well as obtaining an overall pass grade of 50%, you are required to achieve a mark of 50% or more on the final exam to pass the course.Assessment Detail
There are FOUR assessable items in this course. They are:
Test 1: Thursday Week 5 at 11.10 am in the Mawson Lecture Theatre (Mawson G19). Duration of the test is 25 minutes. This test
covers material from weeks 1, 2 and 3. This item is worth 10% of the marks for
this course.
Test 2: Thursday Week 8 at 11.10 am in the Mawson Lecture Theatre (Mawson G19). Duration of the test is 25 minutes. This test
covers material from weeks 4, 5 and 6. This item is worth 10% of the marks
for this course.
Test 3: Thursday Week 11 at 11.10 am in the Mawson Lecture Theatre (Mawson G19). Duration of the test is 25 minutes. This
test covers material from weeks 7, 8 and 9. This item is worth 10% of the
marks for this course.
Exam: The exam will be held during the exam period. It is worth 70% of the marks for this course. The exam covers all topics
introduced during the semester. Sample exam papers will be provided later in the semester.
Students may take into the final exam a copy of the 2019 Auditing Assurance and Ethics Handbook This handbook may have highlighting or underlining but there shall be no writing or any other forms of communication. Tabbing and /or folding back of pages is not permitted. Handbooks may be covered with clear plastic only. No other material may be used. Handbooks will be inspected by invigilators during the exam for compliance with the above rules. Handbooks that are not compliant with the above rules will be confiscated. Calculators will be not allowed into the final exam.
Please Note: To pass this course, students must achieve a mark of 50% in the exam and 50% overall.
Students may take into the final exam a copy of the 2019 Auditing Assurance and Ethics Handbook (Institute of Chartered Accountants edition). This handbook may have highlighting or underlining but there shall be no writing or any other forms of communication. Tabbing and /or folding back of pages is not permitted. Handbooks may be covered with clear plastic only. No other material may be used. Handbooks will be inspected by invigilators during the exam for compliance with the above. Handbooks that are not compliant with the above rules will be confiscated.Calculators will be not allowed into the final exam.Submission
The mid semester test will be conducted in lecture time in week 6.
The final exam will be completed in the scheduled examination period.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The 最新糖心Vlog places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 最新糖心Vlog of Adelaide is committed to regular reviews of the courses and programs it offers to students. The 最新糖心Vlog of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
