MAA303 - Audit and Assurance

Unit details

Note: You are seeing the 2020 view of this unit information. These details may no longer be current. [Go to the current version]
Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 3, 2020 will be online.

Last updated: 5 October 2020

Enrolment modes:Trimester 1: Burwood (Melbourne), Warrnambool, Waterfront (Geelong), Online
Trimester 3: Burwood (Melbourne), Online
Credit point(s):1
EFTSL value:0.125
Unit Chair:Trimester 3: Dale Fu
Trimester 1: Mark Smit
Prerequisite:

MAA103, MAA261

Corequisite:Nil
Incompatible with: Nil
Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - campus:

1 x 3 hour workshop per week

Scheduled learning activities - cloud:

Online independent and collaborative learning including 3 scheduled online workshops of 3 hours duration

 

Content

The unit provides a foundation for undertaking a financial statement audit and also introduces other forms of assurance engagements. Students are introduced to an audit from the initial stages where the auditor assesses his ability to undertake the audit in accordance with regulatory and ethical requirements including independence. Students then move thorough the planning, execution and reporting phases of the audit.

 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes
ULO1 Critically evaluate the theories underlying demand for and supply of audit and assurance services of both financial and non-financial nature.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical Thinking
ULO2 Use professional and ethical judgement in applying relevant legal and professional pronouncements to all stages of a given assurance engagement.

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem solving
ULO3 Apply the concepts and processes used by audit and assurance service providers to plan and perform assurance engagements in a professional manner.

GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking
GLO5: Problem solving
ULO4 Describe the reports provided by audit and assurance service providers, in their various forms, to various stakeholders. GLO1: Discipline-specific knowledge and capabilities
GLO4: Critical thinking

 

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)		 Indicative due week 
Assessment 1: (Individual) Three online quizzes   10% Week 4, Week 7 & Week 10
Assessment 2a: (Individual) Audit case analysis 400 words 10% Week 5
Assessment 2b: (Individual) Audit case analysis 600 words 20% Week 8
Examination 2-hours 60% Exam Period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the marks available on the examination.

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MAA303 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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