Auditing
UndergraduateTAS-BFA3032022
Course information for 2022 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Prior study needed
- Duration
- 14 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Auditing
About this subject
Upon completion of this subject, the student should be able to:
- Analyse, interpret and apply auditing concepts and principles and the regulatory and ethical requirements of auditing.
- Critically analyse risk, prepare audit plans and apply appropriate audit procedures.
- Critically evaluate audit evidence to make judgements and conclusions.
- Work independently and cooperatively to complete audit tasks and to communicate information to relevant stakeholders.
- 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
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%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Prior study
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:
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
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.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business (Accounting)
UndergraduateTAS-BAC-DEG
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
Bachelor of Business and Bachelor of Psychological Science
UndergraduateTAS-BPS-DEG
Bachelor of Business and Bachelor of Science
UndergraduateTAS-BBS-DEG
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