| Offered at: | (B, X) |
|---|---|
| Credit point(s): | 1 |
| Offerings: | Trimester 1 (B, X), trimester 2 (B, X) |
| EFTSL value: | 0.125 |
| Unit chair: | P Carey |
| Prerequisite: | MPA701 |
| Corequisite: | Nil |
| Incompatible with: | MAA762, MAA775, MAA783 |
| Contact hours: | 1 x 3 hour seminar per week |
| Note: Online teaching methods require internet access. Please refer to the most current computer specifications. | |
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. A practical group assignment requires students to assess the inherent risk of misstatement in an Australian listed company’s financial reports.
Assessment
Assessment 1 Tests (Online multiple MCQ) 10%
Assessment 2 (Individual) - Written research assignment - 1500 words 15%
Assessment 3 (Group/3) Audit case study - 2000 to 2500 words 15%
Examination 2 hours 60%
Hurdle requirement: achieve at least 50% of the marks available on the examination
Unit Fee Information
| Student Contribution Rate* | Student Contribution Rate** | Fee rate - Domestic Students | Fee rate - International students |
| $1260 | $1260 | $2875 | $3589 |
* Rate for all CSP students, except for those who commenced Education and Nursing units pre 2010
** Rate for CSP students who commenced Education and Nursing units pre 2010
Please note: Unit fees listed do not apply to Deakin Prime students.