Company Auditing
Duration
One Semester or equivalent
Contact hours
- 36 hours Face to Face + Blended + Swinburne Online
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
Concurrent pre-requisites: Units can be completed either before or in the same study period.
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Aims and objectives
The broad objective of this unit of study is to familiarise students with the underlying concepts, objectives and reporting function of the auditor. The unit deals with both theoretical and practical aspects of auditing. The aim is to integrate the concepts of auditing with practical approaches taken by the auditor to ensure participants gain a complete picture of the audit process.
Unit Learning Outcomes (ULO)
Students who successfully complete this unit will be able to:
1. Apply coherent and advanced knowledge of the nature and purpose of auditing within the regulatory auditing environment.
2. Utilise knowledge of research principles to plan and execute a piece of research on a critical and current topic of auditing.
3. Operate effectively as a leader and member of a diverse group to achieve set goals relating to building of knowledge of auditing.
4. Critically evaluate the audit process and the need for financial report audits.
5. Apply the concepts of good corporate governance and ethical business practice and their significance for the auditor.
6. Demonstrate an understanding of financial audit in practice including the use of data analytics in the conduct of an efficient and effective audit.
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 | 3 | 12 | 36 |
Unspecified Learning Activities Independent Learning | 9.5 | 12 | 114 |
TOTAL | 150 hours |
Swinburne Online
Type | Hours per week | Number of Weeks | Total |
Online Directed Online Learning and Independent Learning | 12.5 | 12 | 150 |
TOTAL | 150 hours |
Assessment
Types | Individual/Group Role | Weighting | Unit Learning Outcomes (ULOs) |
2D Assignment | Individual | 10-20% | 3,4,6 |
Examination | Individual | 40-60% | 1,4,5,6 |
Research Project | Group | 30-40% | 1,2,3 |
Content
Theoretical topics studied include:
- auditing methodology
- formulation of auditing standards
- audit independence and other ethical considerations
- the rights, duties and legal liability of auditors
- audit report and the concept of risk
- materiality and audit evidence
- encompassing a review of internal control structures
- attendant control risk
- impact of auditing in a CIS environment
- Audit sampling methodologies
- Audit data analytics
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.