Studying online (if an online offering is shown below)
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
- Description
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.
- Credit
- 6 points
- Offering
(see Timetable) Availability Location Mode Non-standard teaching period UWA (Perth) Face to face Non-standard teaching period UWA (Perth) Face to face - Outcomes
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.
- Assessment
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
- Prerequisites
- 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.
- Visit the Essential Textbooks website to see if any textbooks are required for this Unit. The website is updated regularly so content may change. Students are recommended to purchase Essential Textbooks, but a limited number of copies of all Essential Textbooks are held in the Library in print, and as an ebook where possible. Recommended readings for the unit can be accessed in Unit Readings directly through the Learning Management System (LMS).
- 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.
Face to face
Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
Online flexible
100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit is asynchronous delivery, with NO requirement for students to participate online at specific times.
Online timetabled
100% Online Unit. NO campus face-to-face attendance is required to complete this unit. All study requirements are online only. Unit includes some synchronous components, with a requirement for students to participate online at specific times.
Online Restricted
Not available for self-enrolment. Students access this mode by contacting their student office through AskUWA. 100% Online Unit.
NO campus face-to-face attendance. All study and assessment requirements are online only. Unit includes some timetabled activities, with a requirement for students to participate online at specific times. In exceptional cases (noted in the Handbook) students may be required to participate in face-to-face laboratory classes when a return to UWA’s Crawley campus becomes possible in order to be awarded a final grade.
External
No attendance or regular contact is required, and all study requirements are completed either via correspondence and/or online submission.
Off-campus
Regular attendance is not required, but student attends the institution face to face on an agreed schedule for purposes of supervision and/or instruction.
Multi-mode
Multiple modes of delivery. Unit includes a mix of online and on-campus study requirements. On campus attendance for some activities is required to complete this unit.