ACCTING 7009 - Auditing & Assurance Services (M)

North Terrace Campus - Semester 2 - 2024

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 2
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 or (ACCTING 7020AMELB and ACCTING 7020BMELB)
Assessment	Exam/assignments/tests/tutorial work as prescribed at first lecture

Course Staff

Course Coordinator: Dr Jin Ma

Course Timetable

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

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)
Attribute 1: Deep discipline knowledge and intellectual breadth Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.	1,2,3,4,5
Attribute 2: Creative and critical thinking, and problem solving Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.	1,2,3,5,6
Attribute 3: Teamwork and communication skills Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.	1,2,3,4,5,6
Attribute 4: Professionalism and leadership readiness Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.	1,2,3,4,5,6
Attribute 5: Intercultural and ethical competency Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.	2,3,5,6
Attribute 6: 最新糖心Vlogn Aboriginal and Torres Strait Islander cultural competency Graduates have an understanding of, and respect for, 最新糖心Vlogn Aboriginal and Torres Strait Islander values, culture and knowledge.	.
Attribute 7: Digital capabilities Graduates are well prepared for living, learning and working in a digital society.	3,4
Attribute 8: Self-awareness and emotional intelligence Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.	1,3,5,6

Learning Resources

Required Resources

There is one prescribed book for this subject:

Textbook

Title: Audit and Assurance (Second Edition).

Authors:Leung, P., Coram, P., Cooper, B.J. and Richardson, P.

Date of Publication: 2023.

Publisher: Wiley

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

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
Readings
Assessment information
Links to useful websites
Announcements
Learning & Teaching Activities

Learning & Teaching Modes

The prime delivery mode is through at least one lecture and one tutorial per week. Lectures are of a total of one hour fifty minutes duration. Lectures are recorded, and are posted on Canvas.

Tutorial classes of fifty minutes duration and commence in week two. Tutorials are an essential component of this course. Membership of tutorial classes is to be finalised by the end of the second week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the Course Coordinator, but should be aware that such a request may not be approved. Students are strongly advised to attend all tutorials.

Students are expected to come to tutorials well prepared to discuss a set of Tutorial Questions. 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.

Answers to Tutorial Questions will not be provided as they are often specific to the discussions in class.

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:

Topic 1 Introduction and Overview
Topic 2 Ethics, Independence and Quality/Financial Statement Auditing
Topic 3 Client Evaluation and Audit Planning
Topic 4 Audit Risk Assessment
Topic 5 Materiality and Audit Evidence
Topic 6 Tests of Controls
Topic 7 Substantive Procedures and Sampling
Topic 8 Completing the Audit
Topic 9 The Auditor's Report
Topic 10 The Auditor's Legal Liability
Topic 11 Contemporary Audit Research Topics

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	Due Date	Weighting %	Task Type	Course Learning Outcome(s)
Test 1 (MCQ)	TBC	10%	Individual	1,2,3 and 4
Test 2 (MCQ/Written)	TBC	30%	Individual	1,2,3,4, 5 and 6
Final Questions (Comprehensive written)	Exam period	60%	Individual	1,2,3,4, 5 and 6
Total		100%

Please Note:To pass this course, students must achieve a mark of 50% in the exam and 50% overall. Students who fail to meet either criterion will be awarded a mark of no more than 49 for the course.

Assessment Related Requirements

Students are required to attend all tutorials in which they are enrolled.

All topics covered during the semester are examinable.

Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. While marks will not be deducted for poor hand-writing or English expression, it is stongly recommended that you write clearly to avoid the complications which can arise for examiners as a result of illegible responses.

Assessment marks prior to the final exam will be displayed on the course website. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.

Assessment Detail

Explanation of each assessable item is as follows:

Test 1 10%
Multiple-choice questions.

Test 2 30%
Multiple-choice and written questions.

Final Exam 60%
A 3-hour exam will be held during the semester 2 exam period. The exam is closed book.

To pass this course, students must achieve an overall grade of 50% and also achieve at least 50% in the final exam. Students who fail to meet either criteron will be awarded a mark of no more than 49 for the course.

None of the assessment in this course is redeemable. Failure to complete any assessment item in accordance with the requirements will result in forfeiture of the marks allocated to that assessment item.

Extensions to the due date for assessable items will only be given in exceptional circumstances.

Submission

The test 1 and test 2 both use the Quiz function in MyUni.

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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