This subject is available under ICMS undergraduate degrees, please click the button below to find an undergraduate course for you.
Subject Code: ACC302A
This subject is designed to show students how to provide assurance that the accounting information contained within financial statements can be relied upon. This subject is designed to introduce students to the key concepts of auditing and the modern audit practice environment within the Australian professional and legal framework.
This subject aims to provide students with the knowledge and skills required to help conduct an audit. It addresses issues from the initial audit plan, to the study of internal controls and to the final audit report. This subject will include assessment of auditing standards and audit requirements under the Corporations act.
a) Compare and contrast an audit to the provision of assurance services
b) Explain the conduct of an audit of a company’s records using various audit tools and principles, such as statistical sampling
c) Examine the differences between an internal and external audit
d) Identify the form, contents and importance of audit reports and assurance reports provided at the end of the audit or assurance service respectively
e) Evaluate various ethical issues in auditing
Learning outcomes for this subject are assessed using a range of assessment tasks as described in the table below.