ACC00130 Auditing assignment Concluding & reporting 代写

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Auditing

Unit Information Guide

Session 1, 2017

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Contents

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 About this unit

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Content

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 Graduate attributes and unit learning outcomes

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Learning resources

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5 Prescribed texts and materials

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6 Studying this unit

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7 Teaching and learning arrangements

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Estimated workload

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Scheduled Study Hours

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Assessment

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Assessment overview

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8 Assessment details

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Assessment 1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Assessment 2

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Assessment 3

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Assessment 4

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Timetables

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Suggested study timetable

2 | ACC00130 Auditing (Session 1, 2017)

About this unit

Introduces students to the concepts and practice of auditing, the way the profession has

developed and the way the profession is meeting current business and social needs. In

addition, the use of statistical techniques and EDP systems in auditing will be reviewed.

Content

This unit comprises an introduction and four modules, and is based on a 120-hour workload

for the student. The list below shows in brackets, the recommended number of weeks for the

Introduction and each module as well as content for each module:

Introduction and perception (1 week).

Module 1: Overview, client acceptance and evidence (3 weeks):

• Overview

• Ethics, legal liability & client acceptance

• Evidence & workpapers

Module 2: Planning and sampling (3 weeks):

• Understanding the client (what to look out for)

• Assessing audit risk & materiality (using what you find)

• Types of procedures & sampling

Module 3: Execution, controls and substantive strategy (4 weeks):

• Understanding (the design of) internal controls

• Testing internal controls operate effectively

• Significance of substantive procedures

• Testing transactions & balances

Module 4: Concluding and reporting (1 week):

• Completing the audit, documentation & reporting the audit opinion

Graduate attributes and unit learning outcomes

As a graduate of Southern Cross University, you will have developed skills, values and attitudes

that are essential for gaining employment and advancing lifelong learning. The University

refers to these as graduate attributes (http://policies.scu.edu.au/view.current.php?id=00091#s3)

and identifies them as follows:

GA1 Intellectual rigour, GA2 Creativity, GA3 Ethical practice, GA4 Knowledge of a discipline,

GA5 Lifelong learning, GA6 Communication and social skills, GA7 Cultural competence.

This unit will assist students to develop the following graduate attributes (shown below as they

relate to this unit's learning outcomes):

Learning outcomes for this unit GA1 GA2 GA3 GA4 GA5 GA6 GA7

On completion of this unit, students should be able to:

About this unit | 3

Learning outcomes for this unit GA1 GA2 GA3 GA4 GA5 GA6 GA7

1. discuss the meaning and nature of

auditing and assurance services

✓ ✓ ✓

2. identify and apply key auditing

standards, ethical and quality control

requirements for audit and assurance

engagements

✓ ✓ ✓ ✓

3. analyse and evaluate the significance of

materiality and risk to the steps in the

audit process for gathering evidence

✓ ✓ ✓ ✓

4. discuss the importance of internal

controls and computers to the audit

process

✓ ✓

5. identify and apply various audit

sampling methods

✓ ✓

6. apply and evaluate the use of different

types of audit opinions on financial

reports.

✓ ✓ ✓

4 | ACC00130 Auditing (Session 1, 2017)

Learning resources

The referencing style used below is Harvard. PLEASE NOTE that you may need to use a

different style for this unit. Refer to Referencing guides (http://scu.edu.au/library/index.php/

14) for information about the referencing style you should use.

Prescribed texts and materials

Prescribed texts

This text is referred to and used throughout the unit. PLEASE NOTE this is a new & updated

edition. This is ONLY available as an e-Text from the publisher:

http://www.wileydirect.com.au/buy/auditing-a-practical-approach-3rd-edition/: Moroney, R,

Campbell, F & Hamilton, J 2017, Auditing: A Practical Approach, 3rd edn, John Wiley & Sons

Ltd, Milton, Queensland. ISBN: 978-0-7303-2649-6.

This text contains the Australian Auditing Standards referred to throughout the unit. The 2016

edition is also acceptable. A hardcopy (book) should be purchased from the Co-op Bookshop

so you can use the Handbook in the final exam.: ICAA 2017, Auditing, Assurance and Ethics

Handbook 2017, John Wiley & Sons Ltd, Milton, Queensland.

This text is integral to your learning & final examination with at least 50% of activities being

derived from the case study. Available from the Co-op Bookshop.: Trussel, J & Frazer, JD 2012,

The Lakeside Company: Case Studies in Auditing, 12th edn, Prentice Hall, Upper Saddle River,

NJ. ISBN: 13-9780132567251.

There are compulsory readings and a Study Guide for this unit. See MySCU

(http://learn.scu.edu.au) for details.

Learning resources | 5

Studying this unit

The first step in managing your study for this unit is to familiarise yourself with this document

and the MySCU (http://learn.scu.edu.au) Learning Site. You should refer frequently to the

MySCU Learning Site for announcements and updates.

The first step in managing your study for this unit is to familiarise yourself with this document

and the MySCU Learning Site for the unit. You should refer frequently to the MySCU

Learning Site for announcments and updates throughout the session - NEVER assume things

do not change as a professional.

However you have chosen to enrol, using the regular internal or external (University-wide) or

newer online category, this unit has been a University and School flagship for flexible online

delivery strategy. Any feedback about this flexible approach will be most valuable and is

welcome. Please use the General discussion forum (DF) in the Discussion Board section of the

MySCU Learning Site for this unit to share your views. Plan to commit between 120-150 hours

to maximise your chance of success in the unit.

So, yes, this unit is different. You are required to give it a go. The flexible online approach is

there to support your learning efforts to the extent you choose within the requirements to pass.

It is important to begin with the appreciation that we believe we are offering you more

support than you are accustomed to, albeit in a way that may be new to you. For example,

despite what it says below, if you are a distance student you will have three hours of live

support time (tutorials) scheduled too! Details will be shown on the MySCU Learning Site. We

are interested in your experience; but we are more interested in you having a good learning

experience for auditing.

It is unlikely that one single option will ever serve or suit the needs of all students, or all units

to be delivered. The flexible online approach used for this unit has been evolving since 2004.

You can be assured there are many features included as a result of valuable student feedback.

You are at the very leading edge. To reinforce this, consider the important benefit of exposing

you to online approaches currently rolling out within the accounting profession for significant

components of their Professional Development (PD) training.

The overall intention is to structure the delivery to support YOUR learning. Normal contact

with staff will be online using Blackboard Collaborate (hereafter BB Collaborate) and

discussion forums (DFs). The idea is to offer you flexibility about accessing help when you

need it rather than being constrained to a class timetable. Of course, where practical, personal

contact with staff is welcome by appointment. If you are an off-campus student, this flexible

delivery approach of offering online staff contact applies equally to you. The intention is to

offer all students, irrespective of their enrolment type or physical location, access to the same

support. The point is, just like other enrolment modes, you as a student can choose to take

advantage of all or none of these contact options … the choice is yours.

The requirements for you to work through – content to read and learn, activities to complete

and feedback to check – are all on MySCU. This is to facilitate your ability to work through the

material to suit your particular constraints in your own time across the teaching session. You

will need to go online to complete (though not necessarily prepare) assessment tasks. You will

have the opportunity to benefit from the contributions of others in your unit to the extent that

you choose.

6 | ACC00130 Auditing (Session 1, 2017)

Teaching and learning arrangements

Estimated workload

Scheduled hours Personal study Total

36 114 150

Your scheduled study hours are allocated as follows:

Distance Education