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The need for and the nature of auditing; knowledge base about audit theory and method; skills needed for the practice of auditing; issues confronting the auditing profession.
This course examines the need for and nature of auditing, including its context. It focuses on both auditing principles and practice, including statutory requirements; auditing standards, guidelines, and other professional pronouncements; professional liability and ethics; auditor communications; audit risk; audit planning; internal control; audit evidence; audit procedures; and issues confronting the auditing profession. It aims to provide students with a conceptual framework from which to analyse and address practical problems. It also seeks to develop specific skills, including analytical and critical thinking needed for the practice of auditing; and creative thinking and problem solving in order to address issues confronting the accounting profession in the future.
On successful completion of the course, students should be able to: Explain the nature and scope of external audits. Review the requirements for audit reports and prepare reports for various audit outcomes, and interpret and explain different types of audit report. Explain the auditing standards. Describe and explain an auditor’s professional and legal responsibilities and analyse and report on case situations. Demonstrate your ability to evaluate audit risk and prepare an audit plan. Conduct internal control evaluations. Prepare audit programmes for transactions and balances within an audit. Discuss selected current issues in auditing.An essential part of the performance of an audit is the exercise of judgement. The development of judgement in auditing emerges from participation and experience, for which this course is not a substitute. However, students should aim to be able to apply the information learnt and to be able to develop a solution to factual auditing problems.
(1) INFO123 or ACIS123 or AFIS123, (2) ACCT211 or ACIS211 or AFIS211. RP: INFO243 or ACIS243 or AFIS243.
ACIS346, AFIS306, AFIS346, AFIS506.
INFO243 or ACIS243 or AFIS243.
Each tutorial is designed to develop skills that are essential in all professional careers (e.g. analysis, critical thinking, writing, listening, speaking and making judgements). They are also an opportunity to interact with the course lecturers and fellow class members in a smaller group setting. Before attending each tutorial you are expected to have completed the relevant reading for the week and considered any tutorial material which has been distributed in advance.
Richard Fisher
Leung, Philomena; Modern auditing & assurance services ; 5th ed; John Wiley, 2011.
Regular and wide ranging reading is recommended. Students should consult the required texts and references given in lectures. The textbook will be used extensively for assignments and class discussion. It contains useful summaries of the material you must know in “learning check” boxes as well as providing extensive detail to enhance your understanding. You should ensure that you read all relevant auditing standards. These may be downloaded from the course website on Learn and explain very clearly what the auditor must do in practice.Reading of the recommended texts as well as articles in New Zealand and overseas professional journals and newspapers is strongly encouraged.
Course Outline Learn
Domestic fee $655.00
International fee $2,888.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Accounting and Information Systems .