MAA303 - Audit and Assurance
Unit details
| Year | 2026 unit information |
|---|---|
| Enrolment modes | Trimester 1: Burwood (Melbourne), Waterfront (Geelong), Online Trimester 3: Burwood (Melbourne), Online |
| Credit point(s) | 1 |
| EFTSL value | 0.125 |
| Unit chair | Trimester 1: Dale Fu Trimester 3: Paul Sakchuenyos |
| Prerequisite | MAA103, MAA261 |
| Corequisite | Nil |
| Incompatible with | Nil |
| Educator-facilitated (scheduled) learning activities - on-campus unit enrolment | 1 x 3 hour on-campus seminar each week. |
| Educator-facilitated (scheduled) learning activities - online unit enrolment | 1 x 3 hour online seminar (recordings provided) each week. |
| Typical study commitment | Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
Content
The unit provides a foundation for undertaking a financial statement audit and introduces other forms of assurance engagements. Students are introduced to an audit from the initial stages where the auditor assesses their ability to undertake the audit in accordance with regulatory and ethical requirements including independence. Students then move through the planning, execution and reporting phases of the audit.
Learning outcomes
Each unit in your course is a building block towards Deakin's Graduate Learning Outcomes - not all units develop and assess every Graduate Learning Outcome (GLO).
| ULO | These are the Unit Learning Outcomes (ULOs) for this unit. At the completion of this unit, successful students can: | Alignment to Deakin Graduate Learning Outcomes (GLOs) |
|---|---|---|
| ULO1 | Explain the nature and objectives of assurance engagements, and auditor’s responsibilities when conducting such engagements. | GLO1: Discipline-specific knowledge and capabilities |
| ULO2 | Use professional judgement to critically apply International Standards on Auditing and Assurance, other relevant regulations, and professional requirements (such as ethics and independence) to an assurance engagement. | GLO1: Discipline-specific knowledge and capabilities |
| ULO3 | Assess the risks of material misstatement in the financial statements and critically consider its impact on the audit strategy. | GLO1: Discipline-specific knowledge and capabilities |
| ULO4 | Apply the concepts and processes used by audit and assurance service providers to plan, perform and report on assurance engagements in a professional manner. | GLO1: Discipline-specific knowledge and capabilities |
| ULO5 | Identify sufficient and appropriate audit evidence to inform judgments, make decisions, and reach well-reasoned conclusions. | GLO1: Discipline-specific knowledge and capabilities |
Assessment
| Assessment Description | Student output | Grading and weighting (% total mark for unit) | Indicative due week |
|---|---|---|---|
| Assessment 1: (Individual) Case Analysis | Equivalent to 800 words
| 20% | Week 6 |
| Assessment 2: (Individual) Problem Based Written Assignment | 1200 words | 30% | Week 9 |
| Examination - Specified Resources | 2 hours | 50% | End-of-unit assessment 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 requirements
Hurdle requirement: achieve at least 50% of the marks available on the examination to evidence a minimum proficiency in the aligned accounting discipline learning outcomes included in this unit.
Learning resource
The texts and reading list for MAA303 can be found via the University Library.
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.
Bring Your Own Device (BYOD)
To fully engage with Deakin's learning experiences, students must be able to access and use internet-connected devices as outlined in computing requirements at Deakin.
To support student success at Deakin, we have a bring-your-own-device (BYOD) learning environment that acknowledges that students and educators bring with them the digital tools they regularly use to complete academic tasks. These tools stay with you beyond the classroom, helping you to keep learning, explore ideas more deeply, and connect with knowledge in ways that matter to you.
Students requiring a loan device should visit our Loan Laptop webpage or students requiring longer-term assistance should visit our Student Financial Assistance webpage.
Unit fee information
Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.
Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.
For further information regarding tuition fees, other fees and charges, invoice due dates, withdrawal dates, payment methods visit our Current Students website.