Assurance and Forensic Accounting - 2017

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Postgraduate
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP
  • Availability for 2017: Sess 1
  • Availability for 2018: Sess 1
  • Assessment: Assessment - Research Project (30%) , Invigilated Exam (50%) - Learn more

Unit provided by

2017 Fees
Domestic 3,000.00
International 3,250.00

Please note: This unit was previously titled Assurance Services and Regulation.

This unit aims to develop practical skills and has a research emphasis building on the use of the existing body of knowledge in assurance services, forensics and regulation. The materials covered include professional pronouncements, research papers and audit and forensic literature.

The unit aims to develop both research and practical skills. You need to develop the ability to answer research and practical questions, which may require analytical and problem solving skills. An auditor and forensic accountant in undertaking an investigation requires these skills. Communication and presentation skills are expected to be enhanced both in written and verbal form. Teaching and assessment methods have been designed to encourage the development of these skills and you are expected to utilise these research skills in order to undertake the major research related activity, and to be able to satisfactorily complete the examination.

Upon completion of this unit, you should be able to demonstrate achievement of the following Course Level Outcomes (CLOs):

  1. Analyse auditing and assurance related information
  2. View auditing and assurance services in an international context
  3. Compare the Australian auditing and assurance environment with the environment of other countries
  4. Be able to put the auditing and assurance framework in context
  5. Increase their knowledge base  pertaining to auditing and assurance services
  6. Display technical competence by being familiar with the underlying concepts, objectives and reporting requirements of the auditor
  7. Understand the tools that the auditor uses and a forensic accountant
  8. Appreciate the environment in which the auditor operates
  9. Understand practical audit procedures and fraud detection procedures
  10. Be able to analyse and identify appropriate audit actions which would be normally undertaken by an auditor
  11. Effectively communicate business information in the audit context, both in verbal and written form
  12. Understand the relationship between audit process, accounting standards, forensics and financial reports.
  • Assessment — Research Project (30%)
  • Invigilated Exam (50%)
  • Quiz — Online Quiz (20%)
For more information on invigilated exams see Exams and results

Recommended prerequisites

You are recommended to have completed the following unit(s) or have equivalent knowledge before starting this unit:

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1An Overview of Assurance and Forensic Services in Society
2Crimes Act, other forensic regulations, and auditor's legal liability
3The Auditor's and Forensic Accountant's Report
4Audit Planning, Risk Assessment and Materiality
5IT and Controls Environment
6Designing Substantive Procedures
7Substantive Procedures Application: Auditing Sales and Receivables
8Fraud Detection and Analysis I
9Fraud Detection and Analysis II
10Financial Statement Fraud I
11Financial Statement Fraud II
12Completing the Audit

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Online Quizzes/Tests
  • Online assignment submission
  • Podcasting/Lecture capture
  • Standard Media
  • Web links

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a unit.

Click on the titles of the listed books below to find out more:

Required textbooks

  • Fraud Examination

    By:Chad O. Albrecht & Conan C. Al

    ISBN: 9781305079144


    Supplier:Go to The Co-op Bookshop

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