Pre-requisite: Associate Level membership or above, of the
Pre-requisite: National Institute of Accountants.
This unit primarily deals with the process by which the external company auditor, within the Australian professional and legal framework, independently appraises and reports on the truth and fairness of the company's financial statements. The unit is practice-oriented and in keeping with current trends in the auditing profession, a risk-based audit approach is emphasised. The unit covers the audit of computerised systems as well as selected manual accounting systems. Auditing theory is integrated with audit methodology so as to enable students to better appreciate the fundamental concepts and principles that underlie auditing practice.