This subject adopts a risk-based approach
to auditing and assurance services, exploring the practice and theory of
auditing as it applies to Australia within a global environment. Emphasis is
placed on the application of auditing concepts to financial statement audits.
Academic biography
Robert
Houston
Robert has had extensive
industrial experience as well as owning, managing and running a number of
businesses. He had 20 years experience in the insurance industry specialising
in systems analysis and design, internal audit and accounting. He has been
involved in importing associated with the plastics industry, the engineering
and valve industry, owned and operated a motel and currently owns a fitness
centre and runs several importing companies associated with the fitness
industry. He has also worked as a consultant on a number of major accounting
packages. He has nearly 20 years experience in lecturing and tutoring in a
variety of accounting and systems subjects at a number of universities.
Subject author(s)
This
subject was written and compiled by Warwick Baines.
Learning objectives
Be able to comprehend and describe the role
of assurance services and providers;
Be able to explain the
influences on the audit processes, including the Corporations Act, Common Law,
Australian and International professional standards, professional bodies and
public expectations within a global market;
Be able to
appraise the client’s business environment and apply the risk model;
Be able to
explain, select and apply procedures involved in the audit process;
Be able to relate the expanding
scope of auditing to today’s international business environment.
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Assumed knowledge
ACC222
or ACC321 or ACC220
Attendance
Attendance
is required at all scheduled lectures and tutorials.
Contact Procedures
Academic enquiries
Any questions concerning the
teaching of this subject can be made by contacting your subject coordinator.
Subject Coordinator Shibly Abdullah
Consultation procedures
The Subject Coordinator will be
available for student consultation. The most effective way to contact the
Subject Coordinator is via email or through subject forums. The Subject
Coordinator also will be available at certain times for phone or face to face
consultation and will inform you of their times at the start of session.
When sending emails, please state
the subject code and your name and ID number in the email title/subject. This
will avoid your email being treated as SPAM.
The Faculty of Business is
committed to staff engaging with their students and students receiving adequate
support so that they have the best possible chance of succeeding in their
studies. Therefore, students who are not completing assignments or sitting for
tests or who are not engaging with the subject may be contacted by the subject
coordinator to discuss their circumstances.
Minimum standards of consultation
According to the Minimum
Standards for Communication with Students Policy (students can expect that the
subjectcoordinator or nominee of the distance
education forums will respond to their postings at least once a week during the
teaching weeks of the session.
Contact procedures
Any
questions concerning the teaching of this subject can be made by contacting
your subject lecturer.
Subject Delivery
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Room 3 / 9
The weekly instruction in this
subject will consist of a combined lecture /tutorial lasting up to 4 hours
which will occur every week. This will cover the main points from each topic.
Learning, teaching and support strategies
The study guide for this subject
has been written specifically to guide you through the sections (and questions)
of the prescribed textbook relevant to each topic.
You
should check the Interact Site at least weekly for postings, announcements,
lecture information and other resources that will Help your studies or
additional information and resources vital to your success in the subject.
Studying
at university does not mean studying alone. Take advantage of collective wisdom
and post your questions to the subject forum.
Use
the subject schedule to plan your studies over the session.
Information on effective time
management is available on the CSU Learning Skills website via the following
link: student.csu.edu.au
Visit the Learning Skills
website for advice about assignment preparation, academic reading and note
taking, referencing, effective time management and preparing for exams at:
student.csu.edu.au
You can also contact an adviser
through Student Central on the following number: 1800 275 278 (or +61 2 6933
7507 from outside Australia).
Queries
regarding the content of this subject should be directed to your Subject
Coordinator.
Library
services
You can find on the Library
Services web site full details of how we can help you find books, articles,
Australian and international databases, full-text newspapers and journals,
electronic reference collections as well as links to other libraries and their
catalogues:
The Library website provides
access to print and online material, such as books, reports, journals,
articles, dissertations, newspapers, and other reference tools. You will also
find guides and Helpance to help you use the Library’s resources.
https://www.appessaywriters.com/write-my-paper/csu.edu.au/division/library/
You can find Library Services on both the
CSU website and the SGA library catalogue website including access to a wide
range of electronic books, electronic journals, as well as textbooks available
for loan in the Darlinghurst campus library. You can also access reports,
journals, articles, dissertations, full text newspapers, and online reference
resources (eg. ABS statistics, Australian standards, encyclopaedias,
dictionaries), as well as links to other libraries and their catalogues:
http://bonza.unilinc.edu.au/sga
– SGA Darlinghurst library catalogue including electronic books and electronic
journals online.
https://www.appessaywriters.com/write-my-paper/csu.edu.au/division/library/
– CSU Library Services catalogue including online tutorials and video tutorials
in research skills, finding articles for assignments, APA referencing and other
styles, topic analysis, Endnote referencing program and many other online
library services to help you successfully complete your assignments for all CSU
courses.
http://trove.nla.gov.au/ –
Powerful search engine from National Library of Australia to access many
different online resources on any subject from one search.
Interlibrary
Loans are also available to all students from the network of CSU libraries as
well as
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renewing and extending loans. All CSU students by
showing their CSU student card can access University of Technology, Sydney
(UTS) library for free 10 times per year or paying $50 per year to join CAUL
scheme to borrow books and use the UTS library as often as students like. The
UTS Blake library is located near Chinatown, corner Quay Street & Ultimo
Road, Haymarket. Ph: 02 9514 3666.
Contact
Details for renewing loans, locating books and other information:
SGA
Darlinghurst library:
David
Hart â Manager, Library Services
Zora
Janeva â Library Technician
Library
Help
Answers to your frequently asked
questions about Library services and resources are available at:
https://www.appessaywriters.com/write-my-paper/csu.edu.au/division/library/how-to/faq/
Library
skills tutorials
SmartSkills is a self-paced,
interactive, online tutorial which teaches core research skills such as using
library databases and the library catalogue. It incorporates a number of
exercises and quizzes to test your understanding. It is modular and can be done
in any order at any time. SmartSkills is located on the Library website (go to
‘How to use the library’ and ‘Library skills tutorial’) or can be accessed
directly at:
https://www.appessaywriters.com/write-my-paper/web-ezy.com/csuweb-ezy/
Academic
learning skills Helpance
Visit the learning skills
website for advice about assignment preparation, academic reading and
note-taking, referencing, and preparing for exams at:
http://student.csu.edu.au/study
You may also contact: Dr Susan
Lee
Queries
regarding the content of this subject should be directed to your subject
lecturer.
Student Workload
CSU Academic Senate policy
states that a standard 8 point subject should require students to spend a total
of between 140-160 hours engaged in learning and assessment activities. This
means an average of 10 to 12 hours each week. This subject complies with this
policy.The study guide for this subject, which is available on Interact, has
been written specifically to guide you through the sections (and questions) of
the prescribed textbook relevant to each topic.
Subject Content
This
subject contains the following topic areas:
Topic
1The role of
auditing and ethical decision making
Topic
2Legal
liability of auditors
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Topic 3Overview
of assurance concepts and the audit process
Topic
4Audit
planning
Topic
5Internal
controls and risk assessment
Topic
6Tests of
controls
Topic
7Tests of
transactions and balances
Topic
8Audit
sampling
Topic
9Completing
the audit
Topic
10Reporting
obligations
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Schedule
Week
Commencing
Topic
Name
Essential
Readings
(4th OR 5th
edition)
4th edition
5th
edition
pp. 1-20,
The role of
auditing
pp. 1-18,
25-32, pp.
30-33,
1
4 March
1
and ethical
decision
53-61, pp. 90-97 &
pp.49-55,
making
111-120
pp. 84-90
& 103-112
2
11 March
2
Legal
liability of
pp. 150-181
pp.
auditors
140-168
Overview of
pp. 199-213
&
pp.
3
18 March
3
assurance
concepts
187-200 &
217-229
and the audit
process
204-216
Assignment 1
due 20
March 2013
pp.
pp.
233-272;
4
25 March
4
Audit
planning
245-287;
308-314 &
327-331
288-294 &
305-310
5
1 April
5
Internal
Control and
pp. 353-391
pp.
Risk
Assessment
329-370
8 – 19 April
Mid Session
Break
pp. 419-441
&
pp.
6
22 April
6
Test of
controls
389-409 &
454-458
422-429
7
29 April
7
Tests of
transactions
pp. 477-529
pp.
and balances
part 1
445-493
8
6 May
7
Tests of
transactions
Continued
Continued
(cont)
and balances
part 2
pp. 547-562
&
pp.
9
13 May
8
Audit
Sampling
511-526 &
569-577
532-540
Assignment 2
due
15 May 2013
10
20 May
9
Completing
the audit
pp.603-628
pp.
563-587
11
27 May
10
Reporting
obligations
pp.647-675
pp.
603-634
12
3 June
Revision
Examination
period 10 June – 21 June 2013.
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Text and Learning Materials
Prescribed text(s)
Students
must have access to a copy of the prescribed textbook(s) and handbook.
Text
book:
Gay, G. E., & Simnett, R.
(2012). Auditing and assurance services in Australia (5th ed.). Roseville:
McGraw Hill.
OR
