Overview

This unit aims to familiarise students with the underlying concepts and objectives of auditing and the subsequent reporting function of the auditor. The unit covers theoretical and practical aspects of auditing, including auditing eCommerce systems, Continuous assurance and XBRL/SBR, the use of Data Analytics and Visualisations, as well as evolving considerations such as Blockchain and Cryptocurrencies.

Requisites

Teaching periods
Location
Start and end dates
Last self-enrolment date
Census date
Last withdraw without fail date
Results released date
Semester 1
Location
Hawthorn
Start and end dates
26-February-2024
26-May-2024
Last self-enrolment date
10-March-2024
Census date
31-March-2024
Last withdraw without fail date
12-April-2024
Results released date
02-July-2024
Teaching Period 1
Location
Online
Start and end dates
11-March-2024
09-June-2024
Last self-enrolment date
24-March-2024
Census date
05-April-2024
Last withdraw without fail date
26-April-2024
Results released date
02-July-2024
Semester 2
Location
Hawthorn
Start and end dates
29-July-2024
27-October-2024
Last self-enrolment date
11-August-2024
Census date
31-August-2024
Last withdraw without fail date
13-September-2024
Results released date
03-December-2024
Teaching Period 3
Location
Online
Start and end dates
04-November-2024
09-February-2025
Last self-enrolment date
17-November-2024
Census date
29-November-2024
Last withdraw without fail date
27-December-2024
Results released date
04-March-2025

Learning outcomes

Students who successfully complete this unit will be able to:

  • Examine the nature and purpose of auditing within the regulatory auditing environment
  • Research, compose and report on critical and current topics in auditing
  • Work collaboratively in a team environment, to achieve set goals and illustrate knowledge of auditing
  • Explain the audit process and the need for financial report audits
  • Use the reporting framework of a financial report to assess possible outcomes

Teaching methods

Hawthorn

Type Hours per week Number of weeks Total (number of hours)
On-campus
Class
2.00 12 weeks 24
Online
Lecture
1.00 12 weeks 12
Unspecified Activities
Independent Learning
9.50 12 weeks 114
TOTAL150

Swinburne Online

Type Hours per week Number of weeks Total (number of hours)
Online
Directed Online Learning and Independent Learning
12.50 12 weeks 150
TOTAL150

Assessment

Type Task Weighting ULO's
AssignmentGroup 30 - 40% 2,3 
ExaminationIndividual 35 - 55% 1,4,5 
Mid-Semester TestIndividual 5 - 15% 1,4,5 
PresentationGroup 10 - 20% 2,3 

Content

  • Nature and objectives of an audit
  • The financial report audit process
  • Audit planning
  • Specific business risks and materiality
  • Testing controls
  • Substantive testing
  • Audit Sampling, Data Analytics and Technology
  • Completing the audit
  • The audit report
  • Ethics independence and corporate governance
  • Legal liability
  • Internal audit functions and corporate governance
  • Audit evidence - reliance on the work of others
  • Audit of Non-for-profit organisations
     

Study resources

Reading materials

A list of reading materials and/or required textbooks will be available in the Unit Outline on Canvas.