MAA303 - Audit and Assurance
Unit details
Year: | 2021 unit information |
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Important Update: | Unit delivery will continue to be provided in line with the most current COVIDSafe health guidelines. This may include a mix of on-campus and online activities. To find out how you are impacted, please check your unit sites for announcements and updates. Unit sites open one week prior to the start of each Trimester/Semester. Thank you for your flexibility and commitment to studying with Deakin in 2021. Last updated: 4 June 2021 |
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 1: Mark Smit Trimester 3: Dale Fu |
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
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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 through the planning, execution and reporting phases of the audit.
ULO | These are the Learning Outcomes (ULO) for this unit. At the completion of this unit, successful students can: | Deakin Graduate Learning Outcomes |
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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 |
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 |
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 |
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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