Contemporary Issues in Auditing (ACCT6007)
UNIT OF STUDY
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.
Further unit of study information
1 x 3hr seminar per week
Mid Semester examination (20%), online and/or in semester quiz (10%), individual and/or group case study assignment (20%), and final examination (50%)
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
Study this unit outside a degree
If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.
If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.