2014 Unit of Study

The session(s) below are for 2014. For Summer School 2014 unit of study availability please visit the Summer School website (main Summer session January/February 2014).

The University of Sydney session calendar shows exact dates for sessions.

Contemporary Issues in Auditing
UoS Code ACCT6007
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites ACCT6001
Assumed Knowledge
Additional Information
Lectures 1 x 3hr seminar per week
Assessment Mid Semester examination (20%), online and/or in semester quiz (10%), individual and/or group case study assignment (20%), and final examination (50%)
Description The focus of this unit is the devlopment of knowledge and understanding of the key elements of the `corporate financial statement┬┐ audit process with particular reference to Australian and International Auditing Standards. Auditor┬┐s duties and responsibilities are considered before moving to planning the audit, performing the audit and arriving at an audit opinion. Students are exposed to the techniques used by auditors in carrying out audit procedures and evaluating audit evidence. Students are expected to further develop their critical thinking skills through applying technical audit principles to real world auditing problems and case studies such as Enron, HIH and Lehman Brothers. Students develop an appreciation for the essential role the auditor and the audit function play in enhancing the quality of financial statements and corporate governance. In this context, the unit critically examines contemporary audit issues and challenges.