ACCTING 3502 - Auditing
North Terrace Campus - Semester 2 - 2021
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General Course Information
Course Details
Course Code ACCTING 3502 Course Auditing Coordinating Unit Accounting Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites ACCTING 2501 Assumed Knowledge 48 units of Program attempted and passed 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 -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1) Articulate knowledge of fundamental audit concepts.
2) Apply critical thinking skills and solve auditing problems through the use of case studies.
3) Demonstrate the use of Auditing, Assurance Standards and the Code of Ethics for professional Accountants.
4) Explain the legal framework under which 最新糖心Vlogn company audits are conducted and apply the professions code of conduct.
5) Demonstrate the ability to undertake research on significant auditing issues and to keep up-to-date with developments in auditing theory and practice.
6) Outline 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)
1,2,3,4,5,6 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
2,3,4,5,6 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
4 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1,2,3,4,5,6 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
2,3,4 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 is one prescribed book for this subject:
Textbook
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
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: Audit and Assurance (First Edition).
Authors:Leung, P., Coram, P., Cooper, B.J. and Richardson, P.
Date of Publication: 2019.
Publisher: Wiley
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
( CPA 最新糖心Vlog)
(Institute of Chartered Accountants in 最新糖心Vlog and New Zealand)
( Auditing and Assurance Standards Board)
(Financial Reporting Council)
(最新糖心Vlogn Securities and Investments Commission)
(Accounting professional and Ethical Standards Board)Online Learning
This course uses Canvas extensively. The following material will be posted prior to and during the semester:
ï脗聜§ Echo 360 recordings of lectures
ï脗聜§ Handouts of lecture slides
ï脗聜§ Readings
ï脗聜§ Assessment information
ï脗聜§ Announcements
ï脗聜§ 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 fifty minutes duration in total. Lectures are recorded, and are posted on Canvas.脗聽
Tutorial classes of fifty minutes duration and commence in week two.脗聽脗聽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 Lecturer-in-Charge, 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.脗聽 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.
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. For a more detailed outline of what is covered each week, please see the document titled, "Overview of Topics", which can be found under "Lecture and Tutorial Outlines" on the MyUni site for this course.
Week 1: Introduction to assurance and auditing; an overview of the auditing process.
Week 2: Understanding the role of management in the preparation of financial reports. Fundamental audit concepts.
Week 3: Fundamental audit concepts.
Week 4: Fundamental audit concepts.
Week 5: Data in the audit
Week 6: Client acceptance. Planning the audit: knowledge of the business and evaluating business risk.
Week 7: Planning the audit: Assessing specific business risks and materiality
Week 8: Understanding the client's internal controls and testing internal controls
Week 9: Substantive tests and completing the audit (part 1)
Week 10: Completing the audit (part 2); and the auditor’s reporting obligations.
Week 11: The professional and regulatory environment (part a)
Week 12: The professional and regulatory environment (part 2) 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 Date Learning Outcome Mid Semester Test 30% Week 7 1,2, 3, 5 and 6 Exam 70% Exam Period 1,2,3,4,5 and 6 Total: 100%
Further information on assessment is provided under the tab titled, "Assessment Detail".Assessment Detail
Explanation of each assessable item is as follows:
Mid Semester Test: 30% The mid semester test comprises a variety of short answer style questions, and takes place in week 7.
Final Exam 70%
A 3-hour exam will be held during the semester 2 exam period. The exam is open 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 both criteria will be awarded a mark of no more than 49.
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.
Legible handwriting and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted for poor presentation of written, in–course assessable items.
Extensions to the due date for assessable items will only be given in exceptional circumstances.Submission
The Mid Semester Test will be undertaken via the Quiz funtion 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 .
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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.
