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Auditing, Assurance and Risk Assessment
Undergraduate | CUR-ACC300 | 2020
Course information for 2020 intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Prior study needed
- Duration
- 13 weeks
HECS-HELP and FEE-HELP available
Auditing, Assurance and Risk Assessment
About this subject
At the completion of this subject students will be able to:
- explain the regulatory and ethical framework in which auditors operate
- analyse financial information to identify key risk areas and their impact on the audit approach
- apply appropriate audit procedures to key risk areas
- prepare and justify an audit opinion for a given set of circumstances.
- Assurance and auditing: an overview
- Ethics, independence and corporate governance
- Overview of elements of the financial reporting audit process
- Planning, understanding the entity and evaluating business risk
- Assessing inherent risk and other specific business risks
- Understanding and assessing internal control
- Tests of controls
- Substantive tests of transactions and balances – cash, sales, purchases and inventory system
- Substantive tests of transactions and balances – accounts payable, payroll, non-current assets/liabilities, owners’ equity
- Completion and review
- The auditor’s reporting obligations
An overview of assurance and ethics, independence and corporate governance. Understanding of the company audit process including audit planning - the concepts of materiality and audit risk. The evaluation and testing of internal control systems and substantive audit testing of transactions and balances. The finalisation of the audit and audit reporting.
Please Note: If it’s your first time studying a Curtin University subject you’ll need to complete their compulsory ‘Academic Integrity Program’. It only takes two hours to complete online, and provides you with vital information about studying with Curtin University. The Academic Integrity Program is compulsory, so if it’s not completed your subject grades will be withheld.
Find out more about the Academic Integrity module.
- Case Study (30%)
- Semester Test (20%)
- Final Invigilated Exam (50%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Prior study
You must have successfully completed the following subject(s) before starting this subject:
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
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