Auditing and Assurance Services - Unit Guide

1 ACCG340 Auditing and Assurance ServicesS3 Day2017 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 14 Changes from Previous Offering 17 Program Learning Outcomes 17 Research and Practice, Global and Sustainability 17 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 LeaderAngela via EmailTBATBAS eminar LeaderMay via EmailTBATBAUnit ModeratorDominic via EmailE4A 324N/ACredit points3 Prerequisites(39cp at 100 level or above) including [(ACCG308 or ACCG310) and (ACCG250 orACCG251)]CorequisitesCo-badged statusUnit 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.

3 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 determining the nature, extent andtiming of audit procedures, the treatment of subsequent events, and in formulating capacity for effective collaboration, communication and reflective Assessment InformationUnit descriptionThis unit examines the theory and practice of Auditing and Assurance Services . 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.

4 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 Seminars292 Assessment Task 1 (Assessed Coursework)153 Assessment Task 2 (Class Tests)204 Assessment Task 3 (Case Study)20 Unit guideACCG340 Auditing and Assurance TasksNameWeightingHurdleDueAssessed coursework10%NoRefer to Seminar GuideClass tests20%NoSeminar 4 and 20 December 2017 Case study20%No5 January 2018 Final Examination50%NoUniversity Examination PeriodAssessed courseworkDue:Refer to Seminar GuideWeighting.

5 10%5 Assessment Task 4 (Final Examination)316 Readings/self-study35 TOTAL150 TurnitinAll applicable text based assessments must be submitted through Turnitin as per instructionsprovided in the unit Guide and unit assessment Guide . It is the student s responsibility to ensurethatwork is submitted correctly prior to the due date. No hard copies of assessments will beaccepted 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.

6 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. 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.

7 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 are required to complete regular assessed coursework activities consisting of onlinehomework submissions and quizzes held in on homework submissionsand quizzes will be provided in theSeminar Guide availableon purpose of this activityis to encourage students to actively engage with theUnitmaterial and to provide students with timely feedback on their performance throughout and standardsHomework submissionswill be marked on the basis of original effort.

8 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 seminar that a homework submission is due. Resubmission of homework questions isallowed until the due date and time. This will overwrite any prior submission, and only the finalsubmission will be are to be completed in person in seminars. Students must attend their registeredseminar to complete 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 reasonsfor Special Consideration should note, in particular, that zero (0)

9 Markswill be awarded 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: Evaluate 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 environment.

10 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 andUnit guideACCG340 Auditing and Assurance tests) in responding to specific risks in case based scenarios. Apply professional judgement and decision making in determining the nature, extent andtiming of audit procedures, the treatment of subsequent events, and in formulating testsDue:Seminar 4 and 20 December 2017 Weighting:20%This assessment task consists of 2 class tests: 15 minute diagnostic test in Seminar 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 session.