Face to Face Mode:
Scheduled hours: Class (12 x 3 hours)
For all teaching and learning structures (both face to face and online), students are expected to spend an average of 150 hours per unit in total over the duration of the study period
This includes all:
• Scheduled teaching and learning events and activities (contact hours timetabled in a face-to-face teaching space) and scheduled online learning events (contact hours scheduled in an online teaching space), and
• Non-scheduled learning events and activities (including directed online learning activities, assessments, independent study, student group meetings, and research)
To be successful, students should:
• Read all prescribed materials and/or view videos in preparation for each class
• Attend and engage in all scheduled classes (face to face or online)
• Start assessment tasks well ahead of the due date, and submit assessments promptly
• Read / listen to all feedback carefully, and consider it for future assessment
• Engage with fellow students and teaching staff (don’t hesitate to ask questions)
Class Test (Individual) 20-30%
Assignment (Group) 30 - 50%
Other (Examination scheduled by CPA Australia) (Individual) 30 - 40%
This unit is to be undertaken in conjunction with the equivalent CPA unit directly with CPA and incurs an additional fee payable to CPA. Students sit the CPA assessment which is then weighted down to 30-40% of the unit’s assessment. Students may fail the CPA assessment component but still pass the unit with Swinburne.
Module 1: The Auditing and Assurance Framework: Overview of the current assurance environment - IFAC, IAASB and IFIAR; Regulation of auditing in Australia: FRC, ASIC, APESB and AUASB; International Framework for Assurance Engagements; and Code of Ethics for Professional Accountants - importance of professional scepticism and professional judgment; types of assurance engagements; and impact a changing environment from evolving business models, enhanced disclosure requirements related to climate risks and the incorporation of technological innovations.
Module 2: Planning the Audit of Historical Financial Information: Auditing standards and application of ISAs; Terms of audit engagements; and Auditor independence for the audit of financial statements; Quality control of audits; Audit planning procedures - understanding the entity and its environment including the entity's internal controls and business risks; auditor's responsibility to consider fraud; assessing risk including significant risks; and responding to risks.
Module 3: Performing the Audit of Historical Financial Information: evidence-gathering procedures; sufficiency and appropriateness of audit evidence; test of controls and substantive procedures; data analytics; audit documentation; security and confidentiality; and the auditor's requirement to evaluate the audit evidence to ensure sufficient appropriate audit evidence is collected to inform the audit opinion.
Module 4: Conclusions and reporting Responsibilities for an Audit of Historical Financial Information: Completion of fieldwork; management representation letter; subsequent events; analytical review of the financial statements; final review of sufficiency and appropriateness of evidence to inform conclusions; types of auditor’s opinions; and the auditors responsibilities for communication and reporting to stakeholders and those charged with governance.
Module 5: Other Assurance Engagements: The nature and characteristics of assurance services; continuous assurance services (from impact of IT and availability of data) performance engagements (Structure and responsibilities of a performance audit); Internal audits; non-assurance services, including agreed-upon procedures, comfort letters and compilation engagements