307975 (v.1) Accounting (Advanced Auditing) 576

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Area:	School of Accounting
Contact Hours:	3.0
Credits:	25.0
Seminar:	1 x 3 Hours Weekly
Advanced auditing is a case study based approach to auditing which considers modern auditing techniques as they relate largely to the general purpose financial report audits. The syllabus builds on undergraduate auditing studies and includes the assessment of business risk and its impact on the audit approach, consideration of the audit risk model and the audit plan. Audit reporting is considered and is expanded to address audit reports as they relate to other than the general purpose financial report audits. Complex accounting applications and their effect on the audit approach will also be considered. The implications of information technology on the audit approach will be integrated through all topics of the unit. Current topical issues in the auditing area both from a research perspective and also from the current financial media. The role of auditors in the corporate governance function. This incorporates the auditor's ethical responsibilities and the regulatory framework of the audit function.