ACCT356-12S2 (C) Semester Two 2012

Advanced Auditing

15 points

Details:
Start Date: Monday, 9 July 2012
End Date: Sunday, 11 November 2012
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 22 July 2012
  • Without academic penalty (including no fee refund): Sunday, 7 October 2012

Description

A study of advanced topics and contemporary issues in auditing.

ACCT356 Advanced Auditing involves a study of advanced topics and contemporary issues in auditing.  It examines the roles of professions in society and the need for, and nature of, auditing in the public and private sectors.  It aims to provide students with a conceptual and ethical framework within which to evaluate existing systems and address practical problems. An essential part of the performance of an audit is the exercise of technical and ethical judgement. The development of judgment emerges from participation and experience for which this course is not a substitute.  However, students should expect to be able to apply the material learned to problems they will encounter when they enter professional practice.

Learning Outcomes

On successful completion of the course, students should be able to:
*  Discuss the historical development of the role and practice of auditing.
*  Prepare detailed audit programmes for transactions and balances within an audit.
*  Apply statistical and judgemental sampling.
*  Explain the role of ethics in professions, including auditing.
*  Discuss and apply the current ethical requirements pertaining to auditors, including those relating to auditor independence.
*  Demonstrate an awareness of forensic accounting and the auditor's responsibilities with respect to fraud.
*  Discuss and evaluate the impact of computerised systems on the audit and discuss and design audit approaches for computerised accounting environments.
*  Demonstrate an awareness of the roles of auditing in the public and not for profit sectors.
*  Discuss and critique the role of audit committees in corporate governance.

Prerequisites

ACCT346 or ACIS346 or AFIS346.

Restrictions

ACIS356, AFIS306, AFIS356, AFIS506.

Course Coordinator / Lecturer

Rob Vosslamber

Lecturers

Oliver Hille , Michael Gousmett and Richard Fisher

Guest Lecturer

Professor Niamh Brennan

Assessment

Assessment Due Date Percentage 
Assignment 20%
Tutorial Attendance 5%
Term Test 25%
Final Examination 50%

Textbooks / Resources

Required Texts

Leung, Philomena; Modern auditing & assurance services ; 4th ed; John Wiley & Sons Australia, Ltd, 2009.

Recommended Reading

New Zealand Society of Accountants; Chartered accountants journal of New Zealand ; The Society.

Van Peursem, Karen. , Pratt, Michael J., Pratt, Michael J; Auditing : theory and practice in New Zealand ; 4th ed; Prentice Hall, 2003.

Reading of the recommended texts as well as articles in New Zealand and overseas professional journals and newspapers is strongly encouraged.

Required Text:  Auditing standards and guidelines:
International Standards on Auditing (New Zealand), freely downloadable from the External Reporting Board (XRB) website: http://www.xrb.govt.nz/

Course links

Course Outline
Learn

Indicative Fees

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 .

All ACCT356 Occurrences

  • ACCT356-12S2 (C) Semester Two 2012