Pre-requisite: It is highly recommended that you
Pre-requisite: successfully complete unit 52115 before
Pre-requisite: enrolling in this unit. If you have not
Pre-requisite: you may find it difficult to successfully
Pre-requisite: complete this unit.
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. Limited `hands-on' auditing experience is provided by requiring students to complete a case study as part of the assessment for the unit. Auditing theory is integrated with audit methodology so as to enable students to better appreciate the fundamental concepts and principles that underlie auditing practice.