This topic provides an introduction to the nature and purpose of auditing and the regulatory environment in which it operates. The topic has an emphasis on essential auditing standards and their application to the audit process, as well as principles and professional practices. Practical issues of audit methodology including risk assessment, analytic review procedures, internal control assessment, substantive testing procedures, statistical sampling, fraud assessment and applied project management principles are covered. Contemporary issues such as the expectation gap as well as professional, ethical and legal responsibilities of auditors are considered. The audit implications of information technology and electronic commerce are examined.
This topic aims to introduce students to the nature and function of audit engagements in Australia, including:
Timetable details for 2021 are no longer published.