Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview


In Audit and Risk, students develop knowledge and skills required for applying professional judgement and professional scepticism in addressing risk in auditing areas where significant professional judgement is required in the context of the audit of general purpose financial statements. The ability to integrate practical and technical skills in the audit of financial statements is an essential skill for Chartered Accountants. Students are equipped with skills for identifying and assessing risks and controls while taking into consideration the broad impact of changes in an entity and its environment. The activities and assessments simulate real-world audit experiences and challenges faced during planning, performing and concluding an audit of financial statements. Communication and collaboration skills will be developed based on simulated interactions with a variety of stakeholders to achieve audit objectives.

6 points
(see Timetable)
Non-standard teaching periodUWA (Perth)Face to face
Non-standard teaching periodUWA (Perth)Face to face
Non-standard teaching periodUWA (Perth)Face to face

Students are able to (1) apply practical and technical skills in the audit of financial statements; (2) apply professional judgement and professional scepticism in conducting an audit of financial statements; (3) evaluate the broad impact of changes in an entity and its environment; and (4) collaborate and communicate with a variety of stakeholders.


Indicative assessments in this unit are as follows: (1) online assessments; (2) written submission and group collaboration; and (3) exam. Further information is available in the unit outline.

This unit is assessed on an ungraded pass/ungraded failed basis. All assessment items must be successfully completed.

Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Dr Glen Hutchings
Unit rules
ACCT5432 Introductory Financial Accounting (ID 2664)
and MGMT5504 Data Analysis and Decision Making (ID 3513)
and ECON5541 Economics for Business: Applications and Policy (ID 5315)
and LAWS5508 Commercial and Company Law (ID 3360)
and FINA5533 Finance Essentials (ID 6240)
and ACCT5511 Intermediate Corporate Financial Accounting (ID 2666)
and ACCT5531 Financial Accounting: Theory and Practice (ID 2669)
and ACCT5633 Accounting for Planning and Control (ID 2672)
and ACCT5522 Principles of Auditing (ID 2668)
and ACCT5706 Ethics, Risk and Technology (ID 7946)
and ACCT5704 Financial Accounting and Reporting (ID 7386) and for students in the Master of Professional Accounting a weighted average mark of 65% for students in 42340 Graduate Diploma in Commerce (Chartered Accounting) and Acct 5706 and Acct 5704
  • 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 one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. 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.
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.