MAA705 - Corporate Auditing

Unit details

Year:

2024 unit information

Enrolment modes:Trimester 1: Burwood (Melbourne), Online
Trimester 2: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Iliyas Mohammad Yusoff
Trimester 2: Iliyas Mohammad Yusoff
Prerequisite:

MPA701 or MAA717

Corequisite:Nil
Incompatible with:

MAA762, MAA775, MAA783

Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

This will include educator guided online learning activities within the unit site.

Educator-facilitated (scheduled) learning activities - on-campus unit enrolment:

1 x 3 hour on-campus (recordings provided) seminar each week

Educator-facilitated (scheduled) learning activities - online unit enrolment:

 1 x 2 hour online seminar (recordings provided) in weeks 3, 5, 7, 9 and 11

Content

The unit aims to provide an introduction to essential concepts, professional standards, law, fieldwork and reporting practices of auditing in Australia. The unit provides a foundation for undertaking a financial statement audit.

The unit examines auditing and assurance services with a focus on the financial report audit. The regulatory and legal environment is discussed. Students learn about the planning, execution and reporting phases of the audit.

ULO These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: Deakin Graduate Learning Outcomes
ULO1

Explain and apply theories and regulation relating to financial and non-financial audit and assurance services.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Describe the reports provided by audit and assurance service providers to a range of stakeholders.

GLO1: Discipline-specific knowledge and capabilities

ULO3

Design, explain and apply appropriate audit and assurance procedures and responses to different business scenarios.

GLO5: Problem solving

ULO4

Use professional and ethical judgment in applying relevant legal and professional pronouncements to all stages of a given assurance engagement.

GLO8: Global citizenship

ULO5

Communicate and justify accounting and auditing ideas in contexts involving both accountants and non-accountants.

GLO2: Communication

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week
Assessment 1: (Individual) Report (Business)  1500 words 20% Week 5
Assessment 2: (Individual) Case Study  1500 words 20% Week 8
Examination - Specified Resources 2 hours 60% End-of-unit assessment period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination to evidence a minimum proficiency in the aligned discipline learning outcomes included in this unit

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAA705 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

Fees and charges vary depending on the type of fee place you hold, your course, your commencement year, the units you choose to study and their study discipline, and your study load.

Tuition fees increase at the beginning of each calendar year and all fees quoted are in Australian dollars ($AUD). Tuition fees do not include textbooks, computer equipment or software, other equipment or costs such as mandatory checks, travel and stationery.

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