MAA765 - Advanced Audit and Assurance

Unit details

Note: You are seeing the 2020 view of this unit information. These details may no longer be current.
Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 1: Burwood (Melbourne)
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Mark Smit
Trimester 2: Dessalegn Mihret
Prerequisite:

MAA705

Corequisite:Nil
Incompatible with: Nil
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

2 x 3 hour seminars per week

Content

The unit commences with an examination of the legal and regulatory environment concerning the audit function, including professional, ethical and professional liability considerations. This leads into a study of practice management procedures, including quality control and the acceptance and retention of professional engagements. The course content then examines the audit of financial statements, including planning, evidence and review. An examination of other assurance assignments, the auditor’s report and current issues completes the unit.

 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

Describe and explain the regulatory environment, and professional and ethical considerations, relating to the audit function.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO2

Describe and explain the issues involved in the management of an audit practice and audit engagements.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

ULO3

Outline and design the procedures involved in assignments involving the audit of historical financial information and in other audit related assignments.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5 Problem Solving

ULO4

Determine the form and content of an auditor’s report and the different forms of audit opinion depending on possible alternate audit findings in an individual audit engagement.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5 Problem Solving

ULO5

Recognise the implications and effects of current developments in corporate reporting.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

 

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1: (Individual) In class test 1   20% Week 4
Assessment 2: (Individual) In class test 2   20% Week 7
Examination 3-hours 60% Exam period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination

Learning Resource

Texts and reading lists for units can be found on the University Library via the following link. Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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