MAA765 - Advanced Audit and Assurance
Unit details
Year: | 2020 unit information |
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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 | 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 |
ULO2 | Describe and explain the issues involved in the management of an audit practice and audit engagements. | GLO1: Discipline-specific knowledge and capabilities |
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 |
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 |
ULO5 | Recognise the implications and effects of current developments in corporate reporting. | GLO1: Discipline-specific knowledge and capabilities |
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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