ACCTING 7009 - Auditing & Assurance Services (M)
North Terrace Campus - Semester 1 - 2024
-
General Course Information
Course Details
Course Code ACCTING 7009 Course Auditing & Assurance Services (M) Coordinating Unit Accounting Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites ACCTING 7020 or (ACCTING 7020AMELB and ACCTING 7020BMELB) Assessment Exam/assignments/tests/tutorial work as prescribed at first lecture Course Staff
Course Coordinator: Dr Jin Ma
Course Timetable
The full timetable of all activities for this course can be accessed from .
Tutorials commence in the second week of lectures. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1 Explain the role of management in the preparation of financial reports. 2 Apply fundamental audit concepts. 3 Identify and evaluate material business risks in accordance with Auditing Standards. 4 Identify and test internal control procedures. 5 Identify research on significant auditing issues and current developments in auditing theory and practice. 6 Explain the role of auditing in society. University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1,2,3,4,5 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1,2,3,5,6 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
1,2,3,4,5,6 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
1,2,3,4,5,6 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
2,3,5,6 Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
. Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
3,4 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
1,3,5,6 -
Learning Resources
Required Resources
There is one prescribed book for this subject:
Textbook
Title: Audit and Assurance (Second Edition).
Authors:Leung, P., Coram, P., Cooper, B.J. and Richardson, P.
Date of Publication: 2023.
Publisher: Wiley
Recommended Resources
Other resources in the Barr Smith Library
Australian Financial Review
Business Review Weekly
Acuity (Journal of the Institute of Chartered Accountants in Australia and New Zealand)
In The Black (Journal of CPA Australia)
The business sections of daily newspapers
Web sites
www.cpaaustralia.com.au ( CPA Australia)
https://www.charteredaccountantsanz.com/ (Institute of Chartered Accountants in Australia and New Zealand)
www.auasb.gov.au ( Auditing and Assurance Standards Board)
www.frc.gov.au (Financial Reporting Council)
www.asic.gov.au (Australian Securities and Investments Commission)Online Learning
This course uses Canvas extensively. The following material will be posted prior to and during the semester:
Echo 360 recordings of lectures
Handouts of lecture slides
Tutorial questions
Readings
Assessment information
Links to useful websites
Announcements -
Learning & Teaching Activities
Learning & Teaching Modes
The prime delivery mode is through weekly lectures and tutorials. Lectures are up to one hour and fifty minutes total duration. Lectures are recorded
Tutorial classes of one hour duration commence in the second week of the semester. Tutorials are an important component of this course. Membership of tutorial classes is to be finalised by the end of the second week of semester.
The communication skills developed in tutorials by regularly participating in discussions are considered to be most important by the School, and are highly regarded by employers and professional bodies.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students to devote a total of 48 hours per week to their studies. This means that for this course students are expected to commit approximately nine hours of private study, that is, study outside classes. Students in this course are expected to attend all lectures and tutorials through the term.Learning Activities Summary
The following topics are covered in this course.
Introduction and overview
Ethics, Independence and Quality
Financial Statement Auditing
Client Evaluation and Audit Planning
Audit Risk Assessment
Materiality and Audit Evidence
Tests of Controls
Substantive Procedures and Sampling
Auditing Transactions and Balances
Completing the Audit
The Auditor's Report
The Auditor's Legal Liability
-
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Task Type Due Weighting Learning Outcome Test 1 Individual TBD
15% 1-4 Test 2 Individual TBD 30% 1-4 Final Exam Individual Exam Period 55% 1-6 Please Note:To pass this course, students must achieve a mark of 50% in the final exam and 50% overall.
Assessment Related Requirements
As well as obtaining an overall pass grade of 50%, you are required to achieve a mark of 50% or more on the final exam to pass the course.Assessment Detail
Explanation of each assessable item is as follows:
Test 1 - 15%
Multiple-choice questions.
Test 2 - 30%
Multiple-choice and written questions.
Final Exam - 55%
A 3-hour exam will be held during the semester 2 exam period. The exam is closed book.
To pass this course, students must achieve an overall grade of 50% and also achieve at least 50% in the final exam. Students who fail to meet either criteron will be awarded a mark of no more than 49 for the course.
None of the assessment in this course is redeemable. Failure to complete any assessment item in accordance with the requirements will result in forfeiture of the marks allocated to that assessment item.
Extensions to the due date for assessable items will only be given in exceptional circumstances.
Final exam
This exam will cover the whole course. It will comprise a range of different types of questions. The exam will be three hours. You need to obtain at least 50% on this exam to pass the course.
Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
-
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
-
Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
-
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
-
Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
The 成人大片 is committed to regular reviews of the courses and programs it offers to students. The 成人大片 therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
