As such, the unit of study provides both a practical and conceptual 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 of study aims to enhance a number of generic skills through both the formal components of assessment and the student's class participation both manually and through the use of computer software (MYOB). These include: research, problem solving, and analytical skills; written and presentation skills; and group interaction skills.
BAO5525 - Financial and Corporate Accounting
|1.||Critically review why audit and assurance services are essential and argue their need in the current environment in which auditors operate, including legal, ethical and professional aspects;|
|2.||Interpret the key auditing principles, concepts and practices used by auditors to gather evidence and make judgments in order to form an audit opinion on the fair presentation of financial reports;|
|3.||Validate key audit procedures by using them in the audit of specific transactions and account balances in a large organisation; and|
|4.||Exemplify professional practice by acting ethically and responsibly in completing an audit collaboratively.|
|Test||Mid Semester Test - 50 minutes||20%|
|Assignment||Group Assignment - Case Study||20%|
|Examination||Final Examination - 3 hours (all topics)||60%|
Auditing and Assurance Services In Australia (7th ed.).
Grant, G., & Simnett, R. (2018).
Australia: McGraw Hill Education.
Auditing, Assurance and Ethics Handbook (14th ed.).
CPA Australia. (2019).
Milton, QLD: John Wiley.
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