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

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Area:	School of Accounting
Credits:	25.0
Contact Hours:	3.0
Seminar:	1 x 3 Hours Weekly
Syllabus:	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.
Unit Outcomes:	Upon completion of this unit, students will be have the ability to - Consider the auditing approach from a senior management level. This will include the ability to be able to identify key risk functions and the implications for the audit. Have a thorough understanding of the development of the audit approach and the implications of management's attitudes to business risk and the specific reporing requirements as they relate to the different functions that auditors perform. Identify and understand how auditors' function within the ethical and legal framework will also be an important outcome of this unit. In addition to the key audit content, students will also be able to present an analytical report to senior management. Evaluate both the content of core studies and the processes important in approaching core studies.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Rittenberg, L.E. and Schwieger, B.J. (2001) Auditing Concepts for a Changing Environment, (3rd ed), Florida, Harcourt College Publishers. Gill, G.S., Cosserat, G., Leung, P., and Coram, P. (2001) Modern Auditing and Assurance Services, (6th ed), Queensland, John Wiley and Company.
Unit Texts:	Gay, G. and Simnett, R. (2000) Auditing and Assurance Services in Australia, New South Wales, McGraw-Hill. Australian Society of Certified Practising Accountants (2002) Auditing Handbook 2003, Australia, Prentice Hall. Roebuck, P and Martinov, N. (2003) Case Studies in Auditing and Assurance, (3rd ed), New South Wales, Butterworths.
Unit Assessment Breakdown:	Case Study 40%, Final Examination 45%, Presentation 15%. This is by Grade/Mark assessment.
Year Location Period Internal Area External Central External 2004 Bentley Campus Semester 2 Y