Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 190)
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Year 3 Accounting.
Credit points: 12.5
Coordinator: Mrs C Jubb.
Prerequisite: 306-301 Financial Accounting (or Departmental approval) and 316-202 Intermediate Microeconomics.
Contact: Three hours per week.
Timetable: Second semester
Objectives:
On completion of this subject a student should:
- have developed an understanding of the reasons for the existence of a demand for audits in our society, and the benefits derived from an audit;
- have developed an understanding of the current environment in which auditors operate, including ethical, legal and professional aspects;
- know the concepts and means used by auditors to gather evidence and make judgements in order to form an audit opinion, in both computer and non-computer environments;
- have developed an understanding of how auditors communicate with financial statement users and other interested parties;
- be familiar with contemporary research as it relates to auditing.
Content:
The rationale for auditing; auditing standards; audit objectives, concepts and procedures; audit techniques including statistical sampling and the audit of computer-based accounting systems; audit reports; contemporary auditing problems with special reference to the application of accounting and auditing principles; the legal liability of auditors; the professional responsibilities of auditors; the statutory responsibilities and rights of auditors; auditing research literature within three broad frameworks: agency theory, capital market theory and human judgement theory.
Assessment:
A 1-hour mid-semester examination (10 per cent), one assignment not exceeding 1,500 words (10 per cent), seminar participation (10 per cent), a 3-hour end-of-semester examination (70 per cent). Satisfactory completion of this subject requires a 50 per cent pass in the end-of-semester examination.
Prescribed texts:
Accounting subject : Next:306-305 | Prev:306-302 | Search | Help
Handbook 1996 : Faculty of Economics and Commerce (Volume 3 page 190)
Status: Official 1996 Date created: Oct 9 1995 Last modified: Oct 9 1995 Authorised by: Academic Registrar Email enquiries: Course_Information@registrar.unimelb.edu.au
Maintained by: Dept. of Accounting and Finance, Faculty of Economics and Commerce.
Copyright © University of Melbourne 1995,1996.