ACCT356-13S2 (C) Semester Two 2013
Advanced Auditing

Description

ACCT356 Advanced Auditing involves a study of advanced topics and contemporary issues in auditing.  It examines the roles of professions in society and the need for, and nature of, auditing in the public and private sectors.  It aims to provide students with a conceptual and ethical framework within which to evaluate existing systems and address practical problems. An essential part of the performance of an audit is the exercise of technical and ethical judgement. The development of judgment emerges from participation and experience for which this course is not a substitute.  However, students should expect to be able to apply the material learned to problems they will encounter when they enter professional practice.

Learning Outcomes

On successful completion of the course, students should be able to:
*  Discuss the historical development of the role and practice of auditing.
*  Prepare detailed audit programmes for transactions and balances within an audit.
*  Apply statistical and judgemental sampling.
*  Explain the role of ethics in professions, including auditing.
*  Discuss and apply the current ethical requirements pertaining to auditors, including those relating to auditor independence.
*  Demonstrate an awareness of forensic accounting and the auditor's responsibilities with respect to fraud.
*  Discuss and evaluate the impact of computerised systems on the audit and discuss and design audit approaches for computerised accounting environments.
*  Demonstrate an awareness of the roles of auditing in the public and not for profit sectors.
*  Discuss and critique the role of audit committees in corporate governance.

Pre-requisites

Restrictions

For further information see Department of Accounting and Information Systems on the department and colleges page.