This is one of the final year recommended elective units in the Bachelor of Business (Accounting) degree. This unit can be studied as an elective to satisfy CPA admission. However, this unit must be completed to satisfy CAANZ admission.

The unit aims to familiarise the students to some of the key tools used by auditors for collecting and evaluating evidence, in both manual and computerised accounting information systems, so as to enable them to express an opinion on the fair presentation of the financial statements.

The unit also aims to provide students with an insight into the current environment in which auditors operate, including legal liability, ethical and other professional aspects such as the "audit expectation gap". As such, the subject provides both a conceptual and practical approach to external, as well as internal and public sector auditing, enabling students to gain a complete picture of the audit process in light of contemporary audit issues.

In addition, the unit aims to enhance a number of generic skills through both the formal components of assessment and the student's class participation. These include: research, problem solving, and analytical skills; written and presentation skills; and with/between group interaction skills.

Unit details

Study level:
Credit points:
Unit code:


BAO2203 - Corporate Accounting

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Develop an understanding of the reasons for the existence of a societal demand for audit and assurance services, and an understanding of the current environment in which auditors operate, including legal, ethical and professional aspects.  
  2. Familiarise the audit process and the techniques used by auditors including business risk analysis, internal control assessment, evidence collection and evaluation, use of computer assisted audit techniques and audit reporting.  
  3. Develop an insight into the audit of specific transactions and account balances.  
  4. Be aware of the auditor's responsibility in completing an audit.  
  5. Obtain an understanding of other assurance engagements.  


Assessment type Description Grade
Test Multiple choice questions 20%
Assignment Real life case study 20%
Examination Theory based short answer questions and case studies 60%

Required reading

Auditing and Assurance Services in Australia 6th edition
Gay, G., Simnett, R., 2015,
McGraw-Hill, Australia.

Recommended readings will be made available via the unit VU Collaborate site.

Where to next?

As part of a course

You can choose to study this unit as part of the following courses. Refer to the course page for information on how to structure your course to include this unit.

Study a single unit

This unit may be available as a single unit of study.

Find out more about how to apply for single units of study at VU.

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