Auditing

• • 1. Week 1 Introduction and overview of audit and assurance
  • 1.1) Chapter 1
  • 2. Week 2 Ethics, legal liability and client acceptance
  • 2.1) Chapter 2
  • 3. Week 3 Risk assessment part 1
  • 3.1) Chapter 3
  • 4. Week 4 Risk assessment part 2
  • 4.1) Chapter 4
  • 5. Week 5 Audit evidence
  • 5.1) Chapter 5
  • 6. Week 6 Gaining an understanding of the client’s system of internal controls
  • 6.1) Chapter 6
  • 7. Week 7 Sampling and an overview of the risk response phase of the audit
  • 7.1) Chapter 7
  • 8. Week 8 Execution of the audit: tests of controls
  • 8.1) Chapter 8
  • 9. Week 9 Execution of the audit: performing substantive procedures
  • 9.1) Chapter 9
  • 10. Week 10 Substantive testing and balance sheet accounts
  • 10.1) Chapter 10
  • 11. Week 11 Substantive testing and income statement accounts
  • 11.1) Chapter 11
  • 12. Week 12 Completing and reporting on the audit
  • 12.1) Chapter 12

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:

• TAS-BFA201-Financial Accounting

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)

Additional requirements

No additional requirements

BFA303 Auditing is designed to introduce you to the key concepts of auditing and the modern audit practice environment within the Australian professional and legal framework.

The subject's broad aim is to provide you with knowledge of practical auditing from the initial audit planning, the study of internal controls, substantive testing and evidence gathering to the final audit report.

You will be introduced to the professional auditing standards, Code of Ethics for Professional Accountants and the audit process and the audit procedures used by external company auditors to provide an opinion on the truth and fairness of financial reports.

The objectives of the subject are to advance students’ analytical and decision making skills by applying auditing theory to practical case studies. A strong emphasis is placed on students' ability to communicate their views in a clear, concise and logical manner.

• Invigilated Test (40%)
• Individual Assignment (20%)
• Group Assignment (40%)

Current study term: 22 May 22 to 19 Aug 22

Next study term: 10 Jul 22 to 16 Oct 22