Macquarie University

Auditing and Assurance Services - ACCG340

This unit is concerned with the external audit of corporate financial statements. The lectures presented are structured to correspond with audit methodology used in practice and integrate Australian and International Auditing Standards. The lectures deal with the various activities undertaken by auditors. The stages of the audit process are addressed including planning, gathering and evaluating audit evidence (including performance of tests of controls and substantive audit procedures) and the formation of the audit opinion. Topics such as analytical procedures and computer assisted audit techniques are not treated as separate topics, but are integrated throughout the unit. Other topics, including auditors' legal responsibilities, ethics, and other assurance services, are dealt with as special topics. The lectures deal with the concepts underlying the methodology, while the tutorial material is designed to demonstrate how the methodology is applied in practical situations. This unit seeks to develop both generic skills and specific knowledge. In order to conduct audits, this unit seeks to develop graduate capabilities of analytical thinking and problem solving and ethical reasoning. The ability to plan and implement the gathering of evidence, and the critical analysis of evidence, are valuable skills beyond the specific area of auditing.

Timetable Information

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