Unit code: BAO3306 | Study level: Undergraduate
(One credit point is usually equivalent to one hour of study per week)
City Campus
City Flinders
Footscray Park
Online Real Time
VU Sydney
BAO2203 - Corporate Accounting
(Or equivalent to be determined by unit coordinator)


This is a final year required unit in the Bachelor of Business (Accounting) degree. This unit must be completed to satisfy CPA Australia and CAANZ admission requirements as well.

The unit introduces 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.

In addition, the unit provides students with an insight into the current auditing environment, 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.

Active participation in the unit including the completion of the assessments is designed to enhance a number of generic skills. These include: research, problem solving, and analytical skills; written and presentation skills; and group interaction skills.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Synthesize 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. Investigate the audit process and apply 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. Investigate and develop an insight into the audit of specific transactions and account balances;
  4. Articulate the auditor’s responsibility in completing an audit; and,
  5. Clarify and advocate other assurance engagements that can be offered by accounting firms.

Study as a single unit

This unit can be studied on its own, without enrolling in a full degree.

Learn more about single units of study at VU


For Melbourne campuses

Assessment type: Test
Grade: 40%
In-class test x 3 (10%, 15%, 15%)
Assessment type: Assignment
Grade: 40%
Real-life case study (group)
Assessment type: Presentation
Grade: 20%
Presentation on case study (group)

Other locations

For students studying at Henan University, Liaoning University, Sunway College Johor Bahru, Sunway College Kuala Lumpur
Assessment type: Test
Grade: 20%
Short answers and analytical questions x 2 (10% each)
Assessment type: Assignment
Grade: 30%
Real life case study
Assessment type: Examination
Grade: 50%
Theory based short answer questions and case studies

Required reading

Auditing: A practical approach
Moroney, R., Campbell, F., & Hamilton, J. (2020).| Milton, QLD: Wiley.

As part of a course

This unit is not a compulsorily taken as part of any specific course. Depending on the course you study, this unit may be taken as an elective.

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