Advanced Audit and Assurance

ACC80017 12.5 Credit Points Hawthorn

Duration

  • One Semester or equivalent
     

Contact hours

  • 36 hours

On-campus unit delivery combines face-to-face and digital learning.

Aims and objectives

This unit provides a body of knowledge to understand the nature and diversity of audit and assurance engagements. The unit provides an insight on audit and assurance processes, the methodologies and procedures. It also examines the objectives of assurance engagements and current and future developments in assurance engagements. The environment within which the auditor or assurance practitioner operates, and the respective roles of the private and public-sector auditors and internal audit, are also discussed This unit integrates the materials from the CPA Program Professional Level segment titled Advanced Audit and Assurance and prepares students for the CPA examination. This is a core unit in the Master of Professional Accounting (CPA Specialisation) degree.
 
Students who successfully complete this unit will be able to:
 
1. Critically evaluate the framework for assurance engagements in audit and review engagements and assurance engagements (other than audits or reviews)
2. Critically analyse the quality control standards for audit and assurance engagements, and the fundamental ethical principles for the auditing profession
3. Demonstrate coherent and advanced knowledge of the requirements of the audit, review and assurance standards that are applicable to audit and review engagements and assurance engagements (other than audits or reviews)
4. Apply the relevant auditing standards to the assessment for fraud and going concern in an audit of financial statements
5. Communicate proficiently and in professional practice and act as a leader or member of a team