Pre-requisite: 52115
Pre-requisite: It is highly recommended that you successfully complete unit 52115
Pre-requisite: before enrolling in this unit. If you have not, you may find it
Pre-requisite: difficult to successfully 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 the current trend 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.