Courses & Units

Auditing and Assurance Services BFA303

Students undertaking the Undergraduate Certificate in Auditing and Assurance (30B) are permitted to enrol in BFA303 and BFA109 concurrently (i.e. in the same study period) whereas students in other courses must satisfy the pre-requisite requirement prior to enrolment in BFA303.

Please contact U.Connect@utas.edu.au if you are studying the Undergraduate Certificate in Auditing and Assurance and wish to enrol in BFA303 before you have completed BFA109.

Introduction

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.

Summary

Unit name Auditing and Assurance Services
Unit code BFA303
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Accounting
Coordinator Doctor Mitali Panchal
Available as an elective? Yes
Delivered By University of Tasmania
Level Advanced

Availability

Location Study period Attendance options Available to
Hobart Semester 2 On-Campus International Domestic
Launceston Accelerated Study Period 2 On-Campus International Domestic
Cradle Coast Accelerated Study Period 2 On-Campus International Domestic
Online Semester 1 Off-Campus International Domestic
Online Semester 2 Off-Campus International Domestic
Online Accelerated Study Period 2 Off-Campus International Domestic

Key

On-campus
Off-Campus
International students
Domestic students
Note

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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.

Key Dates

Study Period Start date Census date WW date End date
Semester 2 22/7/2024 16/8/2024 9/9/2024 27/10/2024
Accelerated Study Period 2 27/5/2024 19/6/2024 11/7/2024 25/8/2024
Semester 1 26/2/2024 22/3/2024 15/4/2024 2/6/2024

* 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 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • 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.

Fee Information

Field of Education Commencing Student Contribution 1,3 Grandfathered Student Contribution 1,3 Approved Pathway Course Student Contribution 2,3 Domestic Full Fee 4
080101 $2,040.00 $1,597.00 not applicable $2,979.00

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.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.

Requisites

Prerequisites

BFA109 OR BFA201 OR BFA203

Teaching

AssessmentIndividual Assignment (20%)|Assignment (40%)|Exam via Respondus (40%)
TimetableView the lecture timetable | View the full unit timetable

Textbooks

Required

The textbook that is required for this unit is:

Moroney, R, Campbell, F, and Hamilton, J, 2020, Auditing:  A Practical Approach (4th edition), Wiley, Milton.

 

The required resource is available in multiple formats and options:

  • The textbook can be accessed electronically via Wiley Business Now platform for $19.95 per semester. 
  • A printed textbook can be purchased from Wiley Direct or Booktopia. 
  • The printed textbook can be purchased via campus bookstores or most online retailers (Zookal, Booktopia, Amazon etc.)

You will also need access to Auditing and Assurance Standards.  These can be obtained in two ways:

  1. Download them to your computer from the Auditing and Assurance Board (AUASB) website as you need them:  http://www.auasb.gov.au/Pronouncements/Australian-Auditing-Standards.aspx
  2. Or purchase the Institute of Chartered Accountants Australia and New Zealand, Auditing and Assurance Handbook, 2020 – this can be purchased as a value pack together with your Moroney, Campbell and Hamilton textbook at the Wiley Direct web address given above.

You are requested to bring an internet enabled laptop computer to all learning sessions.
Recommended

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.

LinksBooktopia textbook finder

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.