AYN411 Audit and Assurance Services
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | AYN411 |
|---|---|
| Prerequisite(s): | AYN416 or enrolment in BS11 Accountancy major (BS11MJR-ACCOUNT) |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| Domestic tuition unit fee | $4,092 |
| International unit fee | $4,584 |
Unit Outline: Semester 1 2024, Gardens Point, Internal
| Unit code: | AYN411 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 |
| Coordinator: | Yuyu Zhang | yuyu.zhang@qut.edu.au |
Overview
This unit will enable students to develop an appreciation of the audit function and to better understand the main aspects of auditing and how it fits into the overall business environment. The unit builds on other accounting units studied as part of the overall course and applies other concepts and techniques previously learned to this specific area.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and discuss the phases of the overall audit process
- Apply auditing concepts, techniques, standards and theory to practical applications
- Analyse a range of auditing issues and orally present considered responses and recommendations
- Discuss current auditing regulatory, legal and ethical issues and the process of change in auduting practice and identify the auditor's perspective on accounting problems.
Content
This unit covers the regulatory and ethical frameworks within which assurance services are provided, the processes and techniques utilised by assurance service providers and other related audit and assurance issues. Students should acquire knowledge of auditing and its procedures, auditing standards and other professional pronouncements. Generic capabilities being developed include discipline knowledge, ethical and global perspectives, communication skills and risk management processes as they relate to auditing. The issues covered in auditing are techniques practiced both in Australia and internationally.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
The focus of university study is self-directed search of knowledge. Weekly learning sessions, textbooks, exams and other resources are provided to assist in your learning experience. Therefore, students are encouraged to attend ALL learning sessions, read required reading materials in order to fully grasp and appreciate the concepts of Auditing and Assurance services.
Weekly sessions consist of two components - theoretical coverage of audit issues, standards and auditing concepts and the application of these techniques and issues to practical auditing examples. This strategy exposes students to all aspects of the conduct of an audit and associated auditing issues. Tutorial questions on each sessional topic further develop students' understanding and comprehension of the theoretical and practical aspects of auditing.
The oral presentations aim to consolidate students understanding of the basic auditing concepts and to develop a more in-depth knowledge and critical thinking about the issues in auditing.
The online quiz and the final exam aim to further test students' knowledge on pertinent audit and assurance issues.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Oral Viva Voce
This assignment is a combination of a written and oral exam that simulates a meeting with an audit team member/manager/partner to discuss the business risk and audit risk.
Students are required to prepare and present solutions to the assigned task. The student submits a written report that involves a case study of a real world company's business and audit risk and will be a maximum of 1,000 words +/- 10%. A copy of presentation notes will also be submitted by the group.
The Oral Viva Voce will be around 20 minutes in duration. The student will orally report in the form of presentation, and then respond to critical comments and queries from the audience in the meeting.
This is an individual assessment. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), PC (3.2)
Assessment: Online Quiz
The online quiz will test students' knowledge on pertinent audit and assurance issues based on content from weeks 1-4 of Semester. The quiz will incorporate multi-choice questions. The quiz will be worth 20% of the final grade. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), SE (5.1)
Assessment: Final Examination
Written questions covering both practical and theoretical auditing issues. It will cover course material from weeks 1-12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), SE (5.1)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Gay, G. and Simnett, R. (2023). Auditing and Assurance Services in Australia. 8th ed. McGraw-Hill Education Australia. Sydney.
Reference book(s)
Australian Auditing Standards
Chartered Accountant ANZ (2021) - CACC1507 Assurance Study Guide - John Wiley & Sons
Moroney et al. (2020) - Auditing A Practical Approach, 4th edition - John Wiley & Sons
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Unit Outline: Semester 1 2024, Online
| Unit code: | AYN411 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 |
Overview
This unit will enable students to develop an appreciation of the audit function and to better understand the main aspects of auditing and how it fits into the overall business environment. The unit builds on other accounting units studied as part of the overall course and applies other concepts and techniques previously learned to this specific area.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and discuss the phases of the overall audit process
- Apply auditing concepts, techniques, standards and theory to practical applications
- Analyse a range of auditing issues and orally present considered responses and recommendations
- Discuss current auditing regulatory, legal and ethical issues and the process of change in auduting practice and identify the auditor's perspective on accounting problems.
Content
This unit covers the regulatory and ethical frameworks within which assurance services are provided, the processes and techniques utilised by assurance service providers and other related audit and assurance issues. Students should acquire knowledge of auditing and its procedures, auditing standards and other professional pronouncements. Generic capabilities being developed include discipline knowledge, ethical and global perspectives, communication skills and risk management processes as they relate to auditing. The issues covered in auditing are techniques practiced both in Australia and internationally.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
The focus of university study is self-directed search of knowledge. Weekly learning sessions, textbooks, exams and other resources are provided to assist in your learning experience. Therefore, students are encouraged to attend ALL learning sessions, read required reading materials in order to fully grasp and appreciate the concepts of Auditing and Assurance services.
Weekly sessions consist of two components - theoretical coverage of audit issues, standards and auditing concepts and the application of these techniques and issues to practical auditing examples. This strategy exposes students to all aspects of the conduct of an audit and associated auditing issues. Tutorial questions on each sessional topic further develop students' understanding and comprehension of the theoretical and practical aspects of auditing.
The oral presentations aim to consolidate students understanding of the basic auditing concepts and to develop a more in-depth knowledge and critical thinking about the issues in auditing.
The online quiz and the final exam aim to further test students' knowledge on pertinent audit and assurance issues.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Oral Viva Voce
This assignment is a combination of a written and oral exam that simulates a meeting with an audit team member/manager/partner to discuss the business risk and audit risk.
Students are required to prepare and present solutions to the assigned task. The student submits a written report that involves a case study of a real world company's business and audit risk and will be a maximum of 1,000 words +/- 10%. A copy of presentation notes will also be submitted by the group.
The Oral Viva Voce will be around 20 minutes in duration. The student will orally report in the form of presentation, and then respond to critical comments and queries from the audience in the meeting.
This is an individual assessment. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), PC (3.2)
Assessment: Online Quiz
The online quiz will test students' knowledge on pertinent audit and assurance issues based on content from weeks 1-4 of Semester. The quiz will incorporate multi-choice questions. The quiz will be worth 20% of the final grade. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), SE (5.1)
Assessment: Final Examination
Written questions covering both practical and theoretical auditing issues. It will cover course material from weeks 1-12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), SE (5.1)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Gay, G. and Simnett, R. (2023). Auditing and Assurance Services in Australia. 8th ed. McGraw-Hill Education Australia. Sydney.
Reference book(s)
Australian Auditing Standards
Chartered Accountant ANZ (2021) - CACC1507 Assurance Study Guide - John Wiley & Sons
Moroney et al. (2020) - Auditing A Practical Approach, 4th edition - John Wiley & Sons
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Unit Outline: Semester 2 2024, Gardens Point, Internal
| Unit code: | AYN411 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 |
| Coordinator: | Yuyu Zhang | yuyu.zhang@qut.edu.au |
Overview
This unit will enable students to develop an appreciation of the audit function and to better understand the main aspects of auditing and how it fits into the overall business environment. The unit builds on other accounting units studied as part of the overall course and applies other concepts and techniques previously learned to this specific area.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and discuss the phases of the overall audit process
- Apply auditing concepts, techniques, standards and theory to practical applications
- Analyse a range of auditing issues and orally present considered responses and recommendations
- Discuss current auditing regulatory, legal and ethical issues and the process of change in auduting practice and identify the auditor's perspective on accounting problems.
Content
This unit covers the regulatory and ethical frameworks within which assurance services are provided, the processes and techniques utilised by assurance service providers and other related audit and assurance issues. Students should acquire knowledge of auditing and its procedures, auditing standards and other professional pronouncements. Generic capabilities being developed include discipline knowledge, ethical and global perspectives, communication skills and risk management processes as they relate to auditing. The issues covered in auditing are techniques practiced both in Australia and internationally.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
The focus of university study is self-directed search of knowledge. Weekly learning sessions, textbooks, exams and other resources are provided to assist in your learning experience. Therefore, students are encouraged to attend ALL learning sessions, read required reading materials in order to fully grasp and appreciate the concepts of Auditing and Assurance services.
Weekly sessions consist of two components - theoretical coverage of audit issues, standards and auditing concepts and the application of these techniques and issues to practical auditing examples. This strategy exposes students to all aspects of the conduct of an audit and associated auditing issues. Tutorial questions on each sessional topic further develop students' understanding and comprehension of the theoretical and practical aspects of auditing.
The oral presentations aim to consolidate students understanding of the basic auditing concepts and to develop a more in-depth knowledge and critical thinking about the issues in auditing.
The online quiz and the final exam aim to further test students' knowledge on pertinent audit and assurance issues.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Oral Viva Voce
This assignment is a combination of a written and oral exam that simulates a meeting with an audit team member/manager/partner to discuss the business risk and audit risk.
Students are required to prepare and present solutions to the assigned task. The student submits a written report that involves a case study of a real-world company's business and audit risk and will be a maximum of 1,000 words +/- 10%. A copy of presentation slides will also be submitted.
The Oral Viva Voce will be around 20 minutes in duration. The student will orally report in the form of presentation, and then respond to critical comments and queries from the facilitator and audience in the meeting.
This is an individual assessment. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), PC (3.2)
Assessment: Online Quiz
The online quiz will test students' knowledge on pertinent audit and assurance issues based on content from weeks 1-4 of Semester. The quiz will incorporate multi-choice questions. The quiz will be worth 20% of the final grade. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), SE (5.1)
Assessment: Final Examination
Written questions covering both practical and theoretical auditing issues. It will cover course material from weeks 1-12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), SE (5.1)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Gay, G. and Simnett, R. (2023). Auditing and Assurance Services in Australia. 8th ed. McGraw-Hill Education Australia. Sydney.
Reference book(s)
Australian Auditing Standards
Chartered Accountant ANZ (2021) - CACC1507 Assurance Study Guide - John Wiley & Sons
Moroney et al. (2020) - Auditing A Practical Approach, 4th edition - John Wiley & Sons
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.
Unit Outline: Semester 2 2024, Online
| Unit code: | AYN411 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | AYN416 |
Overview
This unit will enable students to develop an appreciation of the audit function and to better understand the main aspects of auditing and how it fits into the overall business environment. The unit builds on other accounting units studied as part of the overall course and applies other concepts and techniques previously learned to this specific area.
Learning Outcomes
On successful completion of this unit you will be able to:
- Identify and discuss the phases of the overall audit process
- Apply auditing concepts, techniques, standards and theory to practical applications
- Analyse a range of auditing issues and orally present considered responses and recommendations
- Discuss current auditing regulatory, legal and ethical issues and the process of change in auduting practice and identify the auditor's perspective on accounting problems.
Content
This unit covers the regulatory and ethical frameworks within which assurance services are provided, the processes and techniques utilised by assurance service providers and other related audit and assurance issues. Students should acquire knowledge of auditing and its procedures, auditing standards and other professional pronouncements. Generic capabilities being developed include discipline knowledge, ethical and global perspectives, communication skills and risk management processes as they relate to auditing. The issues covered in auditing are techniques practiced both in Australia and internationally.
QUT Business Capabilities (Postgraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge & Technical Skills (KS)
1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods.
1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues.
Higher Order Thinking Skills (HO)
2.1 Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
2.2 Exercise creativity and intellectual independence and make informed decisions and judgements in planning, designing, and executing strategic and research-based responses to address real world issues and problems.
Professional Communication (PC)
3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
3.2 Use information literacy skills and communicate effectively and professionally in oral forms appropriate for diverse purposes, contexts and audiences.
Teamwork & Self (TS)
4.1 Exercise self-reflection and accountability in applying knowledge and skills for own learning and effective practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts.
Social, Ethical & Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices of business in critically analysing and effectively responding to complex business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues and critically reflect on the responsibilities and impacts of organisations in national and international business contexts.
Learning Approaches
The focus of university study is self-directed search of knowledge. Weekly learning sessions, textbooks, exams and other resources are provided to assist in your learning experience. Therefore, students are encouraged to attend ALL learning sessions, read required reading materials in order to fully grasp and appreciate the concepts of Auditing and Assurance services.
Weekly sessions consist of two components - theoretical coverage of audit issues, standards and auditing concepts and the application of these techniques and issues to practical auditing examples. This strategy exposes students to all aspects of the conduct of an audit and associated auditing issues. Tutorial questions on each sessional topic further develop students' understanding and comprehension of the theoretical and practical aspects of auditing.
The oral presentations aim to consolidate students understanding of the basic auditing concepts and to develop a more in-depth knowledge and critical thinking about the issues in auditing.
The online quiz and the final exam aim to further test students' knowledge on pertinent audit and assurance issues.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal: in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment aims to support your achievement of the learning outcomes for this Unit. It has been designed in order to allow you to both:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment); and
- demonstrate your learning in order to achieve a final grade (summative assessment).
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Oral Viva Voce
This assignment is a combination of a written and oral exam that simulates a meeting with an audit team member/manager/partner to discuss the business risk and audit risk.
Students are required to prepare and present solutions to the assigned task. The student submits a written report that involves a case study of a real-world company's business and audit risk and will be a maximum of 1,000 words +/- 10%. A copy of presentation slides will also be submitted.
The Oral Viva Voce will be around 20 minutes in duration. The student will orally report in the form of presentation, and then respond to critical comments and queries from the facilitator and audience in the meeting.
This is an individual assessment. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): HO (2.1), PC (3.1), PC (3.2)
Assessment: Online Quiz
The online quiz will test students' knowledge on pertinent audit and assurance issues based on content from weeks 1-4 of Semester. The quiz will incorporate multi-choice questions. The quiz will be worth 20% of the final grade. Separate details will be provided on the Canvas site.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1), SE (5.1)
Assessment: Final Examination
Written questions covering both practical and theoretical auditing issues. It will cover course material from weeks 1-12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1), SE (5.1)
This examination will be an invigilated face-to-face exam undertaken either on campus or at an examination centre.
Academic Integrity
Students are expected to engage in learning and assessment at QUT with honesty, transparency and fairness. Maintaining academic integrity means upholding these principles and demonstrating valuable professional capabilities based on ethical foundations.
Failure to maintain academic integrity can take many forms. It includes cheating in examinations, plagiarism, self-plagiarism, collusion, and submitting an assessment item completed by another person (e.g. contract cheating). It can also include providing your assessment to another entity, such as to a person or website.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Further details of QUT’s approach to academic integrity are outlined in the Academic integrity policy and the Student Code of Conduct. Breaching QUT’s Academic integrity policy is regarded as student misconduct and can lead to the imposition of penalties ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Gay, G. and Simnett, R. (2023). Auditing and Assurance Services in Australia. 8th ed. McGraw-Hill Education Australia. Sydney.
Reference book(s)
Australian Auditing Standards
Chartered Accountant ANZ (2021) - CACC1507 Assurance Study Guide - John Wiley & Sons
Moroney et al. (2020) - Auditing A Practical Approach, 4th edition - John Wiley & Sons
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit. You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to
view the Emergency video.