ACCTING 7009 - Auditing & Assurance Services (M)

North Terrace Campus - Semester 1 - 2021

The course examines the principles and practices of internal and external auditing. Topics: auditing as a component of recurrent and strategic activities, risk assessment, internal control, systems evaluation, forensic accountability, and contemporary audit issues and challenges.

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Course Details

Course Code	ACCTING 7009
Course	Auditing & Assurance Services (M)
Coordinating Unit	Accounting
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: Ms Kelly Hamlyn

Course Timetable

The full timetable of all activities for this course can be accessed from .

Tutorials commence in the second week of lectures.

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	3,5,6

Learning Resources

Required Resources

There is one prescribed book for this subject:

Title: Auditing and Assurance Services in 最新糖心Vlog (Seventh Edition).
Authors: Gay G. and Simnett R.
Date of Publication: 2018
Publisher: McGraw-Hill

Recommended Resources

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:
Echo 360 recordings of lectures
Handouts of lecture slides
Tutorial questions
Lecture exercises
Readings
Assessment information
Links to useful websites
Announcements
Learning & Teaching Activities

Learning & Teaching Modes

The prime delivery mode is through weekly lectures and tutorials. Lectures are of one hour and fifty minutes total duration. Lectures are prerecorded and will be available each Monday.

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.

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.
Introduction and overview

Ethics, Independence and Quality

Financial Statement Auditing

Client Evaluation and Audit Planning

Audit Risk Assessment

Materiality and Audit Evidence

Tests of Controls

Substantive Procedures and Sampling

Auditing Transactions and Balances

Completing the Audit

The Auditor's Report

The Auditor's Legal Liability

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

Assessment Task	Task Type	Due	Weighting	Learning Outcome
Mid Semester Test	Individual	Week 6	30%	1,2,3,5,6
Final Exam	Individual	Exam Period	70%	1,2,3,4,5,6
TOTAL			100%

Please Note:To pass this course, students must achieve a mark of 40% in the exam and 50% overall.

Assessment Related Requirements

As well as obtaining an overall pass grade of 50%, you are required to achieve a mark of 40% or more on the final exam to pass the course.

Assessment Detail

Mid-semester test

This test will comprise multiple choice questions based on the first five weeks of classes.

Final exam

This exam will cover the whole course. It will comprise a range of different types of questions. The exam will be three hours. You need to obtain at least 40% on this exam to pass the course.

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 .

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.
Student Support
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator

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