|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Business|
|Grading basis :||Graded|
|Course fee schedule :||https://www.unisq.edu.au/current-students/administration/fees/fee-schedules|
|Version produced :||4 February 2023|
Pre-requisite: (ACC1102 or ACC2102) and ACC2115
This course builds on knowledge developed in the financial accounting courses of the accounting major. Auditing is an important component of the regulation and quality assurance processes associated with financial reporting. This course specifically focuses on how financial statement audits are conducted within the Australian professional, ethical and legal framework.
This course introduces the concepts and practices of company financial report audits within the assurance framework. It deals primarily with the process by which the external company auditor appraises and reports on the truth and fairness of the company's financial statements. The course is oriented towards the auditing profession and, in keeping with current practice, adopts a risk-based audit approach and follows the Australian Auditing Standards that are based on the International Standards on Auditing. The course explores how financial statement audits are conducted in computer-based and manual environments for selected systems. Limited practical exposure to auditing is provided through requiring students to complete a case study, using teamwork, as part of the assessment for the course.