Auditing and Assurance Services - …

1 ACCG340 Auditing and Assurance ServicesS1 Day2018 Dept of Accounting & Corporate GovernanceContentsGeneral Information 2 Learning Outcomes 3 General Assessment Information 3 Assessment Tasks 4 Delivery and Resources 10 Unit Schedule 11 Learning and Teaching Activities 13 Policies and Procedures 13 Graduate Capabilities 15 Changes from Previous Offering 17 Research and Practice, Global and Sustainability 17 Changes since First Published 20 Macquarie University has taken all reasonablemeasures to ensure the information in thispublication is accurate and up-to-date.

2 However,the information may change or become out-datedas a result of change in University policies,procedures or rules. The University reserves theright to make changes to any information in are advised to check the websiteversion of this publication [or the relevant facultyor department] before acting on any information inthis InformationUnit convenor and teaching staffUnit Convenor and Seminar LeaderDominic via Room 324 See consultation schedule on iLearnTeaching administratorCissy via 350AN/ASeminar LeaderFiona via consultation schedule on iLearnSeminar LeaderMay via consultation schedule on iLearnUnit ModeratorNonna via Room 337N/ACredit points3 Prerequisites(39cp at 100 level or above) including [(ACCG308 or ACCG310) and (ACCG250 orACCG251)]

3 ]Unit guideACCG340 Auditing and Assurance Academic DatesInformation about important academic dates including deadlines for withdrawing from units areavailable and contrast between external and internal audit/ Assurance , and betweenvarious types of audit and Assurance Services within the current Australian andinternational regulatory, professional and ethical frameworks and case-based scenarios including identification and evaluation of risk factors andtheir implications for audit planning and evidence gathering audit strategies within the context of appropriate, sufficient and relevantevidence, and design appropriate audit procedures (including tests of controls andsubstantive tests) in responding to specific risks in case-based professional judgement and decision making in evaluating audit evidence, thetreatment of subsequent events, and in formulating audit capacity for effective collaboration and communicationGeneral Assessment InformationCorequisitesCo-badged statusUnit descriptionThis unit examines the theory and practice of Auditing and Assurance Services .

4 The unitfocuses on the external audit of corporate financial reports while also considering a broaderrange of financial and non-financial Assurance Services . Students will develop acomprehensive understanding of the audit process and the professional Auditing will also be exposed to ethical requirements, corporate governance and othercurrent issues in Auditing and Assurance , including data analytics. The unit is applied in natureand will require students to work through learning resources and assessment tasks based oncontemporary Auditing Standards and real world Auditing case studies. The unit developsgraduate capabilities centred upon discipline specific knowledge and its application to problemsolving and critical and WorkloadActivitiesHours1 Weekly Seminars252 Assessment Task 1 (Assessed Coursework)15 Unit guideACCG340 Auditing and Assurance TasksNameWeightingHurdleDueAssessed coursework10%NoWeeks 1-13 Class tests20%NoWeek 4 and 11 April 2018 Case study20%No14 May 2018 Final Examination50%NoUniversity Examination Period3 Assessment Task 2 (Class Tests)204 Assessment Task 3 (Case Study)255 Assessment Task 4 (Final Examination)306 Readings/self-study35 TOTAL150 TurnitinAll applicable text based assessments must be submitted through Turnitin.

5 It is the student sresponsibility to ensure thatwork is submitted correctly prior to the due date. No hard copies ofassessments will be accepted and only Turnitin records will be taken as records of submissions may be possible in some units via Turnitin prior to the final due date andtime of an assessment task and originality reports may be made available to students to viewand check their work. All identified matching text will be reconsidered carefully. Students shouldnote that the system will not immediately produce the similarity score on a second or subsequentsubmission - it takesapproximately24 hours for the report to be generated. This may be afterthe due date so students should plan any resubmissions carefully.

6 Please refer to instructions onhow to submit your assignment through Turnitin and access similarity reports and feedbackprovided by teaching staff and availablehere. Should you have questions about Turnitin orexperience issues submitting through the system, you must inform unit staff by emailing us If the issue is technical in nature may also lodge OneHelp Ticket, refer totheIT help is the responsibility of the student to retain a copy of any work submitted. Students mustproduce these documents upon request. Copies should be retained until the end of the gradeappeal period each term. In the event that a student is asked to produce another copy of worksubmitted and is unable to do so, they may be awarded zero (0) for that particular guideACCG340 Auditing and Assurance courseworkDue:Weeks 1-13 Weighting:10%Students are required to complete regular assessed coursework activities consisting of: 1)homework submissions (5%), and2) online quizzes (5%).

7 Details on homework questions and quiz coverage will be provided in the Weekly Seminar Guideavailable on purpose of this activityis to encourage students to actively engage withtheUnitmaterial and to provide students with timely feedback on their performance throughoutthe and standardsHomework submissionswill be marked on the basis of original effort. The marking criteria to beapplied to homework submissions is provided in the Unit Assessment Guide available on will be marked on the basis of correct submissions are to be madeusing Turnitinon iLearnvia links availablein the folderfor each week that a homework submission is due. Resubmission of homework questions isallowed until the due date and time.

8 This will overwrite any prior submission, and only the finalsubmission will be are to be completed on iLearn through links provided in iLearnand must be completedwithintimeframes specified in the Unit Assessment Guide and on the iLearn maybe reattempted during thetime that they are open, and the highest grade will be captured at theclosing of the and PenaltiesNo extensions will be who do not make a homework submissionor complete a quizbythe due date and timewill receive a mark of zero (0), except for cases in which an application for Special Considerationis made and or Internet connection issues are not acceptable as reasonsforSpecial should note, in particular, that zero (0) marks will beawarded forlate submission orsubmissionof an incorrect file for homework apply to submissionof non-originalwork or work that bears close resemblance toresponse guides fromprior sessionsor from the textbook is required to complete the unit satisfactorilyIt is expected that students spend approximately 15hours of study for this assessment Assessment Task relates to the following Learning Outcomes.

9 Evaluate and contrast between external and internal audit/ Assurance , and betweenUnit guideACCG340 Auditing and Assurance types of audit and Assurance Services within the current Australian andinternational regulatory, professional and ethical frameworks and environment Analyse case-based scenarios including identification and evaluation of risk factors andtheir implications for audit planning and evidence gathering activities Design audit strategies within the context of appropriate, sufficient and relevantevidence, and design appropriate audit procedures (including tests of controls andsubstantive tests) in responding to specific risks in case-based scenarios Apply professional judgement and decision making in evaluating audit evidence, thetreatment of subsequent events, and in formulating audit opinionsClass testsDue:Week 4 and 11 April 2018 Weighting:20%This assessment task consists of 2 class tests: 15 minute diagnostic test in Week 4 (worth 5%)The purpose of thediagnostic test is to provide students with feedback on their knowledge andapplication of the material using a formative assessment task early in the , dictionaries, books, or other materials or aidsare permitted in the mid-semestertest.

10 55 minutemid-semester test on 11 April inWeek 7 (worth 15%)The purpose of themid-semester test is to provide students withpractice on a summativeassessment task and providefeedback on their progress midway through the , dictionaries, books, or other materials or aidsare permitted in the and standardsThetests will be marked based on the appropriate application of knowledge and skills to shortanswer and case based to the Unit Assessment Guide for standards applicableto the diagnostic test will be held in seminars inWeek mid-semestertest will be held on11 Aprilin Week 7. Please note that there are noseminars scheduled in Week themselves availableon11 Aprilbetween 6:00- 7:30pmtotake the mid-semester test.