ACCT5522 Principles of Auditing

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Semester 1UWA (Perth)Online-TT
Semester 2UWA (Perth)Face to face
Semester 2UWA (Perth)Online-TT
Content
This unit deals with auditing principles and practice. Topics include auditing standards and procedures; internal control; the role of internal audit versus external audit; audit risks and their assessment; audit evidence; statistical procedures in audit sampling; electronic data processing (EDP) audit and audit reports.
Outcomes
Students are able to (1) demonstrate an understanding of the regulatory framework and the audit process; (2) critically apply auditing concepts and principles to practical scenarios; (3) exercise judgement in assessing risks and develop audit plans in response to the risk assessments; (4) critically evaluate the audit findings and form an audit opinion; and (5) develop competencies to work effectively in teams.
Assessment
Indicative assessments in this unit are as follows: (1) tests; (2) assignments; and (3) participation. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Dr Prerana Agrawal
Unit rules
Prerequisites:
ACCT5432 Introductory Financial Accounting and ACCT5511 Intermediate Corporate Financial Accounting
Contact hours
lectures/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1-2020 [SEM-1-2020]
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook. Reading lists and essential textbooks are subject to change each semester. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.
  • If this unit is offered as on-campus face-to-face study only, students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.