BUACC5935 Auditing and Assurance Services

This integrative unit forms part of the capstone experience in the MPA, and enables students to develop an understanding of the practice and theory underlying contemporary auditing and assurance services and thereby prepare them for professional employment settings that provide or utilise such services. It draws together perspectives derived from law, financial/corporate accounting, information systems, ethics and statistical methods. The unit considers the audit function as it relates to the assurance engagement framework and how legislation and accounting and auditing standards provide guidance on completing the audit. Topics covered in the unit include auditor independence, ethical threats and safeguards; client acceptance; management assertions; audit risk; the internal control environment; audit sampling; the attainment of sufficient and appropriate audit evidence; auditor liability; and audit reporting. Each topic is introduced by a critical and integrative review of key theoretical concepts that are then applied to practical settings.

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