Course Title: Auditing

Part A: Course Overview

Course Title: Auditing

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ACCT1056	City Campus	Undergraduate	615H Accounting	Face-to-Face	Sem 1 2006, Sem 2 2006, Sem 1 2007, Sem 2 2007, Sem 1 2008, Sem 2 2008, Sem 1 2009, Sem 2 2009, Sem 1 2010, Sem 1 2011, Sem 2 2011, Sem 1 2012, Sem 2 2012, Sem 2 2013, Sem 1 2014, Sem 2 2014, Sem 1 2015, Sem 2 2015, Sem 1 2016, Sem 2 2016, Sem 1 2017, Sem 2 2017, Sem 1 2018, Sem 2 2018, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021
ACCT1056	City Campus	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Sem 1 2022, Sem 2 2022, Sem 1 2023, Sem 2 2023, Sem 1 2024, Sem 2 2024
ACCT1058	Kolej Metropolitan	Undergraduate	615H Accounting	Face-to-Face	Offsh 3 09, Offsh 1 10
ACCT1059	Singapore Inst of Management	Undergraduate	615H Accounting	Face-to-Face	Offsh 3 09, Offsh 1 10, Offsh1 12, Offsh3 12, Offsh1 13, Offsh3 13, Offsh1 14, Offsh3 14, Offsh1 15, Offsh3 15, Offsh1 16, Offsh3 16, Offsh1 19, Offsh3 19, Offsh1 20, Offsh3 20, Offsh1 21, Offsh3 21
ACCT1059	Singapore Inst of Management	Undergraduate	665H Accounting, Information Systems and Supply Chain	Face-to-Face	Offsh1 22, Offsh3 22, Offsh1 23, Offsh3 23, Offsh1 24, Offsh3 24, Offsh1 25
ACCT2161	RMIT University Vietnam	Undergraduate	615H Accounting	Face-to-Face	Viet3 2008, Viet1 2009, Viet2 2009, Viet3 2009, Viet1 2010, Viet2 2010, Viet3 2010, Viet1 2011, Viet2 2011, Viet1 2012, Viet2 2012, Viet1 2013, Viet2 2013, Viet3 2013, Viet1 2014, Viet2 2014, Viet3 2014, Viet1 2015, Viet2 2015, Viet3 2015, Viet2 2016, Viet3 2017

Course Coordinator: Dr. Prabashi Dharmasiri

Course Coordinator Phone: +61 3 9925 5921

Course Coordinator Email: prabashi.dharmasiri@rmit.edu.au

Course Coordinator Location: Melbourne

Pre-requisite Courses and Assumed Knowledge and Capabilities

Assumed Knowledge

It is assumed you have a fundamental knowledge of financial accounting concepts, practices and regulations. This knowledge is generally gained through the completion of an intermediate financial accounting course.

Course Description

The external and internal audit processes are fundamental to promote the reliability and usefulness of financial statements. This course aims to present a conceptual and practical approach to auditing to ensure that students gain a fundamental understanding of auditing’s key conceptualisations, the stages of audit, audit processes and the inter relationship between auditing, financial accounting, corporate governance and legislation.

As an auditing student you can expect to gain a comprehensive understanding of auditing’s role, stages, and processes in financial reporting verification. Through the materials used and delivered in the course and the assessments undertaken you will also attain practical auditing understandings and experiences through multiple real world and professional auditing knowledge and scenarios.

Objectives/Learning Outcomes/Capability Development

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On the successful completion of this program you will be able to:

1. Evaluate accounting disclosures and reports, identify gaps, manipulations or weaknesses in financial reporting and provide recommendations to a range of audit clients in relation to internal control weaknesses and financial reporting compliance;
2. Solve routine and complex auditing problems in varied business contexts using social, ethical, economic, regulatory and global perspectives;
3. Justify and communicate auditing approaches and processes verbally and through documentation within an audit team;
4. Apply the Code of Ethics for Professional Accountants in undertaking audit processes and expressing audit opinions.
5. Demonstrate an adaptive and collaborative approach to working with colleagues and clients in professional settings.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising individual and group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects.

Overview of Learning Resources

Various learning resources are available online through MyRMIT Studies\Canvas. These may include topic notes and slides, a study schedule, assessment details, links to relevant internet information, readings and communication tools to facilitate collaboration with your peers and sharing of information.

Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 35%
Linked CLOs: 1, 2, 3, 4

Assessment Task 2: 25%
Linked CLOs: 1, 2, 3, 4, 5

Assessment Task 3: 40%
Linked CLOs: 1, 2, 4, 5

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.