ACCTING 3502 - Auditing
North Terrace Campus - Semester 1 - 2025
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General Course Information
Course Details
Course Code ACCTING 3502 Course Auditing Coordinating Unit Accounting Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites ACCTING 2501 Assumed Knowledge 48 units of Program passed 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 Articulate knowledge of fundamental audit concepts. 2 Apply critical thinking skills and solve auditing problems through the use of case studies. 3 Demonstrate the use of Auditing, Assurance Standards and the Code of Ethics for professional Accountants. 4 Explain the legal framework under which Australian company audits are conducted and apply the professions code of conduct. 5 Demonstrate the ability to undertake research on significant auditing issues and to keep up-to-date with developments in auditing theory and practice. 6 Outline 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.
1,2,3,4,5,6 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.
2,3,4,5,6 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.
4 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.
2,3,4 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.
. 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.
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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
Students may find the following sources helpful in attempting to master the course material. All books listed below can be borrowed from the library.
Books
Title: Auditing and Assurance Services in Australia (Seventh Edition).
Authors: Gay G. and Simnett R.
Date of Publication: 2018
Publisher: McGraw-Hill
Title: Auditing and Assurance Services A systematic Approach (4th Edition)
Authors: W F Messier Jr, S M Glover, and D F Prawitt 2006.
McGraw Hill Irwin
New York
Understanding the New Auditing Standards Related to Risk Assessment
American Institute of Certified Public Accountants 2006.
American Institute of Certified Public Accountants
New York
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
( CPA Australia)
(Institute of Chartered Accountants in Australia and New Zealand)
( Auditing and Assurance Standards Board)
(Financial Reporting Council)
(Australian Securities and Investments Commission)
(Accounting professional and Ethical Standards Board)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
- Readings
- Assessment information
- Announcements
- Marks for in-course assessments
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Learning & Teaching Activities
Learning & Teaching Modes
The prime delivery mode is through one lecture and one tutorial per week. Lectures are of two hours duration.
Tutorial classes of one hour commence in Week 2. Tutorials are an important component of this course. Students are strongly advised to attend all tutorials.
Students are required to complete the assigned tutorial questions each week and be prepared to discuss questions in the tutorials. Solutions to questions will be provided.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
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
Topic 1 Introduction and Overview Topic 2 Ethics, Independence and Quality/Financial Statement Auditing Topic 3 Client Evaluation and Audit Planning Topic 4 Audit Risk Assessment Topic 5 Materiality and Audit Evidence Topic 6 Tests of Controls Topic 7 Substantive Procedures and Sampling Topic 8 Completing the Audit Topic 9 The Auditor's Report Topic 10 The Auditor's Legal Liability Topic 11 Contemporary Audit Research Topics -
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
Please note that in order to pass this course you need a minimum mark of 40% for the final exam and 50% overall.Assessment Task Task Type Due Weighting Learning Outcome Tutorial Participation Individual Teaching period 10% 1,2,3,4,5,6 Test 1 Individual TBC
10% 1,3,4 Test 2 Individual TBC
30% 1,3,4,6 Final Exam Individual Exam Period 50% 1,2,3,4,5,6 TOTAL 100% Assessment Related Requirements
Please note that in order to pass this course you need a minimum mark of 40% for the final exam and 50% overall.Assessment Detail
Tutorial participation and engagement -- 10%
The participation grades are based on a student’s active participation and contribution in tutorial classes
throughout the semester. Students must only attend the tutorial they enrolled in.
Test 1 -- 10%
Details of Test 1 will be posted at MyUni (as an Announcement).
Test 2 -- 30%
Details of Test 2 will be posted at MyUni (as an Announcement).
Final exam -- 50%
There will be a three hour exam. Details of the final exam will be discussed in the last lecture.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 .
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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.
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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
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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
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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.
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