|Short Description:||Auditing Practice|
|Faculty or Section :||Faculty of Business, Education, Law and Arts|
|School or Department :||School of Commerce|
|Student contribution band :||Band 3|
|ASCED code :||080101 - Accounting|
|Grading basis :||Graded|
|Version produced :||29 October 2020|
Pre-requisite: (ACC5000 or ACC5202) and ACC8000
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at http://www.usq.edu.au/current-students/support/computing/hardware.
This course introduces the concepts and practices of company financial report audits within the assurance framework. It deals primarily with the process by which the external company auditor, within the Australian Accounting Professional, Ethical and Legal Framework, appraises and reports on the truth and fairness of the company's financial statements. The course is oriented towards the auditing profession and, in keeping with current practice, adopts a risk-based audit approach and follows the Australian Auditing Standards that are based on the International Standards on Auditing. Based on the Australian Qualification Framework (AQF), the minimum threshold learning outcomes for this course will be developed in the areas of knowledge and application skills, teamwork and judgement.