School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Auditing and Assurance Services
  • Unit Code

    ACC6030
  • Year

    2021
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Atul CHANDRA

Description

This unit covers both theoretical concepts and practical auditing techniques, including, auditing framework, standards, audit procedures, auditors decision-making processes, and reporting. It adopts a risk-based approach in evaluating the material misstatement related to the risks of the corporations being audited. This unit emphasises the external audit of corporations by professional auditors from their engagement to the issue of their independent opinion, in an ethical environment. Students develop judgemental, appraisal, problem-solving, written and oral communications skills using realistic case studies.

Prerequisite Rule

Students must pass 1 units from ACC6015

Learning Outcomes

On completion of this unit students should be able to:

  1. Recommend/use audit concepts and techniques and apply relevant rules and regulations (including auditing standards) in addressing the problem/ issue.
  2. Examine cases/ scenarios and identify problems/ issues (including ethical issues) involved.
  3. Select relevant data and contextual factors to evaluate risks or impact on diverse stakeholders, where relevant.
  4. Establish criteria/ assumptions to be used to solve problems/ issues or to make judgments.
  5. Solve the problem by issuing the conclusion/ judgment/ decision, audit opinion, recommendations for action where appropriate.

Unit Content

  1. Auditing and assurance framework, Australian standards (based on international standards), guidelines, and pronouncements.
  2. Nature and purpose of Auditing and auditors reporting obligations.
  3. Professional ethics, audit independence and corporate governance
  4. Corporate failures, computer and other frauds.
  5. Overview of elements of the financial report audit process.
  6. Audit strategy and planning.
  7. Business risk, control risk, inherent risk of business and its environment.
  8. Understanding and assessing internal controls, computer-based systems and big data.
  9. Substantive testing, audit software and advanced data analytics.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

This unit is delivered in a Technology Enhanced Learning mode, where technology is used to facilitate your learning. As such, you are required each week to login into the Blackboard unit site and complete a series of pre-seminar tasks. These pre-seminar tasks can include studying book chapters, auditing standards, lecture recordings, problem scenarios, or the combination of tasks. Using the pre-seminar tasks, during the two-hour seminars, students will be discussing, debating their views to solve problem scenarios and apply them to real-life companies. The completion of pre-seminar tasks is essential for the student's meaningful contribution to these seminars.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study 40%
ExaminationFinal Examination60%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study40%
ExaminationFinal Examination60%

Core Reading(s)

  • Gay, G. E., & Simnett, R. (2018). Auditing & Assurance Services in Australia (7th ed.). Sydney: McGraw Hill. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5729228

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC6030|2|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Auditing and Assurance Services
  • Unit Code

    ACC6030
  • Year

    2021
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Atul CHANDRA

Description

This unit covers both theoretical concepts and practical auditing techniques, including, auditing framework, standards, audit procedures, auditors decision-making processes, and reporting. It adopts a risk-based approach in evaluating the material misstatement related to the risks of the corporations being audited. This unit emphasises the external audit of corporations by professional auditors from their engagement to the issue of their independent opinion, in an ethical environment. Students develop judgemental, appraisal, problem-solving, written and oral communications skills using realistic case studies.

Prerequisite Rule

Students must pass 1 units from ACC6015

Learning Outcomes

On completion of this unit students should be able to:

  1. Recommend/use audit concepts and techniques and apply relevant rules and regulations (including auditing standards) in addressing the problem/ issue.
  2. Examine cases/ scenarios and identify problems/ issues (including ethical issues) involved.
  3. Select relevant data and contextual factors to evaluate risks or impact on diverse stakeholders, where relevant.
  4. Establish criteria/ assumptions to be used to solve problems/ issues or to make judgments.
  5. Solve the problem by issuing the conclusion/ judgment/ decision, audit opinion, recommendations for action where appropriate.

Unit Content

  1. Auditing and assurance framework, Australian standards (based on international standards), guidelines, and pronouncements.
  2. Nature and purpose of Auditing and auditors reporting obligations.
  3. Professional ethics, audit independence and corporate governance
  4. Corporate failures, computer and other frauds.
  5. Overview of elements of the financial report audit process.
  6. Audit strategy and planning.
  7. Business risk, control risk, inherent risk of business and its environment.
  8. Understanding and assessing internal controls, computer-based systems and big data.
  9. Substantive testing, audit software and advanced data analytics.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

This unit is delivered in a Technology Enhanced Learning mode, where technology is used to facilitate your learning. As such, you are required each week to login into the Blackboard unit site and complete a series of pre-seminar tasks. These pre-seminar tasks can include studying book chapters, auditing standards, lecture recordings, problem scenarios, or the combination of tasks. Using the pre-seminar tasks, during the two-hour seminars, students will be discussing, debating their views to solve problem scenarios and apply them to real-life companies. The completion of pre-seminar tasks is essential for the student's meaningful contribution to these seminars.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
Case StudyIndividual Case Study 40%
ExaminationFinal Examination60%
ONLINE
TypeDescriptionValue
Case StudyIndividual Case Study40%
ExaminationFinal Examination60%

Core Reading(s)

  • Gay, G. E., & Simnett, R. (2018). Auditing & Assurance Services in Australia (7th ed.). Sydney: McGraw Hill. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5729228

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ACC6030|2|2