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MAA705 - Corporate Auditing

Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 1: Burwood (Melbourne), Cloud (online)
Trimester 2: Burwood (Melbourne), Cloud (online)
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 1: Christine Contessotto
Trimester 2: Mark Smit
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.

Scheduled learning activities - campus:

1 x 3 hour seminar per week

Scheduled learning activities - cloud:

Online independent and collaborative learning including 3 scheduled online workshops of 3 hours duration

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.

 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

Demonstrate knowledge of theories and regulation regarding audit and assurance services of both a financial and non-financial nature.

GLO1: Discipline-specific knowledge and capabilities

ULO2

Describe the reports provided by audit and assurance service providers, in their various forms, to a range of stakeholders.

GLO1: Discipline-specific knowledge and capabilities

ULO3

Evaluate appropriate audit and assurance procedures and responses that should be applied to different contemporary 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

 

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

:
Assessment Description Student output Grading and weighting
(% total mark for unit)
Indicative due week 
Assessment 1: Tests (Individual, online multiple MCQ)   5% Week 5
Assessment 2: Written assignment on contemporary topics in auditing (Individual) 3,500 words 35% Week 9
Examination 2 hours 60% Exam 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

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

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