Assurance and Audit Services unit (BFA713)

Introduction

In this unit, you will examine the role of auditing and assurance, focusing 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 be introduced to assurance function related to sustainability related disclosures. 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	Tasmanian School of Business and Economics
Discipline	Accounting
Coordinator	Doctor Mitali Panchal
Delivered By	University of Tasmania
Level	Postgraduate

Availability

Specific information on 2027 unit availability will be available in August

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

2027 fee information will be available in August.

Requisites

Prerequisites

BFA605

Teaching

Teaching Pattern	12 x 2hr workshops weekly, starting 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. (2024). Auditing & Assurance Services in Australia. 8th 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

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