Courses & Units
Assurance and Audit Services BFA713
Introduction
In this unit, you will examine the role of auditing, focusing particularly on the role of the external auditor in assessing the validity and reliability of financial information of publicly listed companies. The unit highlights the audit function and the important role it plays as a systematic process of evaluation of evidence that culminates in the expression of an audit opinion. You will review the fundamental concepts of auditing, the objectives and limitations of an audit, basic audit techniques and procedures, as well as the professional and legal framework within which auditors operate.
Summary
| Unit name | Assurance and Audit Services |
|---|---|
| Unit code | BFA713 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Accounting |
| Coordinator | Doctor Mitali Panchal |
| Delivered By | University of Tasmania |
| Level | Postgraduate |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Launceston | Semester 1 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| 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).
Learning Outcomes
- Assess different types of risk with respect to audit and assurance concepts, professional principles, and the regulatory and ethical environment.
- Critique the relative strengths of auditing and assurance theories and frameworks for sustainable business practices
- Develop an audit plan to support the performance of a quality audit in complex business environments
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
BFA605Teaching
| Teaching Pattern | 4 x 3-hour workshops (in addition a 1-hour orientation workshop will held in week 1) Weekly pre-recorded lectures on MyLO |
|---|---|
| Assessment | Letter of Engagement (10%)|Presentation (10%)|Exam (40%)|Systematic review (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
You will need the following text: Gay, G. and Simnett, R. (2018). Auditing & Assurance Services in Australia. 7th edition. An electronic copy of the textbook can be purchased here: https://www.mheducation.com.au/auditing-assurance-services-9781760421977-aus Australian Auditing Standards; Code of Ethics for Professional Accountants; Online access via http://www.auasb.gov.au/Pronouncements/Australian-AuditingStandards.aspx (Auditing Standards). Code of Ethics for Professional Accountant; http://www.apesb.org.au/uploads/standards/apesb_standards/standard1.pdf (APES 110 Code of Ethics for Professional Accountants). If you choose to view the Standards and APES 110 online, you are responsible for ensuring you have reliable electronic access throughout semester. The documents can be saved to a device, but they are too long to print. |
|---|---|
| Recommended | N/A | Links | Booktopia textbook finder |
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