Undergraduate USA-ACG31-2021
Auditing Theory and Practice
Outline the purpose of auditing. Tally issues that relate to external auditing and its place in the corporate world. Illustrate the fundamentals of audit planning. Complete an audit engagement and set out your professional recommendations.
$1,813 $2,875
Your upfront cost: $0
Duration
13 weeks
Study method
100% online
Available loans
- HECS-HELP
- FEE-HELP
Assessments
Subjects may require attendance
Prior study
Not required
Study terms
- 01 Mar 2021
- 30 Aug 2021
The University of South Australia, UniSA, is ranked in the top 10 universities nationally and amongst the very best young universities in the world. They offer over 200 world-class degrees that are informed by industry and delivered with a highly practical approach to teaching and learning. In fact, they are South Australia’s number one university for graduate careers. They are a valuable partner with Open Universities Australia.
QS RANKING 2021
17
Times Higher Education Ranking 2021
23
Subject details
At the completion of this subject students will be able to:
- analyse the nature and purpose of auditing; the concept of true and fair in connection with financial statements; and public expectations of audit reports
- explain the duties, responsibilities and liabilities of auditors in the current business environment
- identify the fundamentals of audit planning, audit risk and materiality
- describe the methodology involved in the review, documentation and evaluation of internal controls in accounting systems
- describe the process of compiling an audit report and completing an audit engagement and make professional recommendations.
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- The Nature and Purpose of Auditing
- The Profession and Professional Ethics
- Initial Planning - the Audit Strategy
- Materiality and Audit Risk
- Internal Control
- Audit Program
- The Sales and Collection Cycle
- Verification of Assets and Liabilities
- Completing the Audit
- Legal Liability of Auditors
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
USA-ACG27-Financial Accounting 2 ;
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s)
Special requirements
No special requirements
To introduce students to the advanced concepts and current issues relating to the external audit function and its role in business and the legal environment, and to familiarise students with auditing techniques, procedures and standards applied in auditing practice.
- 2000 Words (40%)
- Invigilated Exam - 3 hours (60%)
Current study term: 28 Feb 21 to 30 May 21)
Check the learning management system (LMS) of your university for textbook details.
Next study term: 29 Aug 21 to 28 Nov 21
Check the learning management system (LMS) of your university for textbook details.