BFA303 Auditing is designed to introduce you to the key concepts of auditing and the modern audit practice environment within the Australian professional and legal framework. The unit's broad aim is to provide you with knowledge of practical auditing from the initial audit planning, the study of internal controls, substantive testing and evidence gathering to the final audit report. You will be introduced to the professional auditing standards, Code of Ethics for Professional Accountants and the audit process and the audit procedures used by external company auditors to provide an opinion on the truth and fairness of financial reports. The objectives of the unit are to advance students’ analytical and decision making skills by applying auditing theory to practical case studies. A strong emphasis is placed on students' ability to communicate their views in a clear, concise and logical manner.
|Unit name||Auditing and Assurance Services|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Mitali Panchal|
|Available as an elective?||Yes|
|Delivered By||University of Tasmania|
|Location||Study period||Attendance options||Available to|
|Launceston||Accelerated Study Period 2||On-Campus||International||Domestic|
|Cradle Coast||Accelerated Study Period 2||On-Campus||International||Domestic|
|Online||Accelerated Study Period 2||Off-Campus||International||Domestic|
- International students
- Domestic students
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
|Study Period||Start date||Census date||WW date||End date|
|Accelerated Study Period 2||22/5/2023||14/6/2023||6/7/2023||20/8/2023|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).
Unit census dates currently displaying for 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- Analyse, interpret and apply auditing concepts and principles and the regulatory and ethical requirements of auditing.
- Critically analyse risk, prepare audit plans and apply appropriate audit procedures.
- Critically evaluate audit evidence to make judgements and conclusions.
- Work independently and cooperatively to complete audit tasks and to communicate information to relevant stakeholders.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
PrerequisitesBFA201 OR BFA203
Introductory 1 hour workshop x 1; 2 hour workshop x 6; plus online content. Please refer to the timetable for dates, time and venue.
|Assessment||Exam via Respondus (40%)|Individual Assignment (20%)|Assignment (40%)|
|Timetable||View the lecture timetable | View the full unit timetable|
The textbook that is required for this unit is:
Moroney, R, Campbell, F, and Hamilton, J, 2016, Auditing: A Practical Approach (3rd edition), Wiley, Milton.
It is recommended that you purchase the ebook for the Moroney, Campbell and Hamilton reference above at the following Wiley Direct web address:
Once purchased, you will receive a Vitalsource Bookshelf redemption code. You will need to create a Vitalsource account at:
You can then redeem the code you purchased and access the book through this account or download the App to your phone, tablet or computer. As will be noted below, you will be requested to bring a laptop computer to the learning sessions.
A printed version of the textbook can also be purchased from the abovementioned site or the University Co-op Bookshop.
You will also need access to Auditing and Assurance Standards. These can be obtained in two ways:
Arens, A, Best, P, Shailer, G, Fiedler, B, Elder, R and Beasley, M, 2017, Auditing and Assurance Services in Australia – An Integrated Approach (10th edition), Pearson/Prentice Hall, Sydney.
Gay, G and Simnett, R, 2017, Auditing and Assurance Services in Australia (7th edition), McGraw-Hill Australia, North Ryde.
Leung, P, Coram, P, Cooper, B, and Richardson, P, 2019, Auditing and Assurance (1st edition), John Wiley and Sons, Milton.
|Links||Booktopia textbook finder|
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