Auditing
Duration
- One Semester or equivalent
Contact hours
- 24 hours face to face + blended
On-campus unit delivery combines face-to-face and digital learning. For Online unit delivery, learning is conducted exclusively online.
2023 teaching periods
Hawthorn Higher Ed. Semester 2 |
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Dates: Results: Last self enrolment: Census: Last withdraw without fail: |
Prerequisites
ACC20013 Company AccountingAims and objectives
The broad aim of this unit is to familiarise students with the underlying concepts and objectives of auditing and the subsequent reporting function of the auditor. The unit covers both theoretical and practical aspects of auditing and in particular aims to integrate the concepts of auditing with practical approaches taken by the auditor to ensure students gain a complete picture of the audit process.
Unit Learning Outcomes (ULO)
On successful completion of this unit students will be able to:
1. Examine the nature and purpose of auditing within the regulatory auditing environment
2. Research, compose and report on critical and current topics in auditing
3. Work collaboratively in a team environment, to achieve set goals and illustrate knowledge of auditing
4. Explain the audit process and the need for financial report audits
5. Use the reporting framework of a financial report to assess possible outcomes
Unit information in detail
- Teaching methods, assessment and content.
Teaching methods
Hawthorn
Type | Hours per week | Number of Weeks | Total |
Face to Face Contact Class | 2 | 12 | 24 |
Online Contact Directed Online Learning and Independent Learning (asynchronous lecture) | 1 | 12 | 12 |
Unspecified Learning Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Contact Directed Online Learning and Independent Learning | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
Assignment | Group | 30-40% | 2,3 |
Examination | Individual | 35-55% | 1,4,5 |
Presentation | Group | 10-20% | 2,3 |
Mid-Semester Test | Individual | 5-15% | 1,4,5 |
Content
- Nature and objectives of an audit
- The financial report audit process
- Audit planning
- Specific business risks and materiality
- Testing controls
- Substantive testing
- Sampling
- Completing the audit
- The audit report
- Ethics independence and corporate governance
- Legal liability
Study resources
- Reading materials.
Reading materials
Students are advised to check the unit outline in the relevant teaching period for appropriate textbooks and further reading.