Unit convenor and teaching staff |
Unit convenor and teaching staff
Renee Radich
Wendy Patterson
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACCG907 and ACCG908 and ACCG913
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
This unit provides extended formal academic support to students concurrently enrolled in the Assurance Services and Auditing unit of the CPA program. The overall objective of this segment is to provide a body of knowledge to help students appreciate the nature and diversity of auditing and assurance services. It presents an overview of the auditing process and examines the objectives of the audit and the environment within which an auditor operates.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Students are expected to spend 150 hours working on this unit. As a guide a student should spend these approximate amounts of time on each of the following activities: |
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Activities |
Hours |
1 |
Weekly Seminars |
39 |
2 |
Class Test 1 |
20 |
3 |
Class Test 2 |
20 |
5 |
Reflection Journal |
11 |
6 |
Readings and Self Study |
60 |
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Total |
150 |
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Name | Weighting | Due |
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1. Class Test 1 | 10% | 7 March 2016 |
2. Class Test 2 | 40% | 11 April 2016 |
3. Class Participation | 20% | Weekly |
4. Final Examination | 30% | CPA Examination period |
Due: 7 March 2016
Weighting: 10%
Submission
The test will be conducted during class time and submitted directly to the lecturer
Grading
This assessment task will be graded in accordance with the University's Grading Policy. Grading guidelines are provided in the unit assessment guide available on iLearn.
Extension
No extensions will be granted ie there will be no supplementary tests
Penalties
Students who do not sit the class test(s) at the designated time will be awarded a mark of zero (0) for the task, except in cases in which a disruption to studies application is made AND approved.
Due: 11 April 2016
Weighting: 40%
Submission
The test will be conducted during class time and submitted directly to the lecturer
Grading
This assessment task will be graded in accordance with the University's Grading Policy. Grading guidelines are provided in the unit assessment guide available on iLearn.
Extension
No extensions will be granted ie there will be no supplementary tests
Penalties
Students who do not sit the class test(s) in their designated class will be awarded a mark of zero (0) for the task, except in cases in which a disruption to studies application is made AND approved.
Due: Weekly
Weighting: 20%
Submission
The participation will be conducted online and in person in class. Participation will be assessed directly by the lecturer. All students in this seminar also need to contribute to the online discussion forum on iLearn. Students are required to submit a Refection Journal.
Grading
This assessment task will be graded in accordance with the University's Grading Policy. Grading guidelines are provided in the unit assessment guide available on iLearn.
Extension
N/A
Penalties
N/A
Due: CPA Examination period
Weighting: 30%
Submission/ Extension /Penalties The examination will be held under the rules and conditions of CPA Australia
You will need to obtain at least a PASS assessment in the CPA external examination. Note that if you do NOT pass the CPA Australia exam then you cannot attain a pass in this unit in this session.
Classes
Classes will meet for a 3 hour seminar each week.
Monday 5pm-9pm room E6A133
The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/
Required and Recommended Texts and/or Materials
All students should have the following:
CPA Program: CPA 101 Assurance Services and Auditing, 2016.
All auditing standards can be accessed via the website www.auasb.gov.au
Other References
Students will be required to use library resources to research beyond these materials in undertaking research necessary to complete their tasks. The CPA 101 course materials have a reference list at the end of each module containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.
Technology Used and Required
Students are expected to have:
Proficiency in Word, Excel and PowerPoint
Knowledge of Macquarie University’s on line system –for downloading lecture materials, etc
Knowledge of the library research databases – for accessing additional research material.
Unit Web Page
Course material is available on the learning management system
The web page for this unit can be found at:
http://mq.edu.au/iLearn/index.htm
Teaching and Learning Activities
The normal format for each 4 hour seminar class will be as follows:
(a)non assessable revision quiz
(b) brief lecture / interactive discussion
(c) review of pre-assigned practice questions
a) Non assessable quiz - each week you will be given approximately 5 multiple choice questions covering the module material from the prior week. Students will be expected to justify their answers to the questions.
b) Brief lecture / interactive discussion – each week, the lecturer will lead discussion covering the key points of the relevant module. The format and approach for this session will vary but may include a question and answer session where students will be asked to participate. This will require students to have pre-read the module material.
c) Preparation and review of practice questions – in some weeks, students will be expected to complete, and contribute to discussion concerning, various practice questions. The amount of time spent on these questions and the seminar in which they are completed will be at the discretion of the lecturer and will depend upon the time available each week after reviewing the CPA module material
It should be noted that, as evidenced by the format outlined above, the purpose of the 4-hour seminar is NOT solely to review the CPA module material. In fact, a portion of each seminar will be on the application of the material to case studies and practice questions. Students will be significantly disadvantaged if they expect to use the seminar to examine the CPA module material for the first time. It is expected that students read and comprehended the module material before the seminar.
Lecture
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Topic
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8 February |
Introduction Module 1, Assurance Services Framework
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15 February |
Module 1, Assurance Services Framework continued Module 2, General audit principles and auditor responsibilities
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22 February |
Module 2, General audit principles and auditor responsibilities continued Module 3, Understanding the entity & Assessing risk and Responding to risk
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29 February |
Module 3, Understanding the entity & Assessing risk and Responding to risk continued
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7 March |
Class Test 1: Revision (modules 1 to 3)
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14 March |
Module 4, Response to Assessed Risks
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21 March
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Module 5, Audit Conclusions and Reporting Requirements
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28 March |
Module 6, Performance Engagements
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4 April |
Module 7, Other Assurance Services, Internal Audit
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11 April |
Class Test 2 covering all modules - Feedback on Class Test 2 will provided after the test. Revision (modules 4 5, 6 & 7)
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18 April |
CPA Case Study
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23 April - 8 May |
CPA examination period
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Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
New Assessment Policy in effect from Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy_2016.html. For more information visit http://students.mq.edu.au/events/2016/07/19/new_assessment_policy_in_place_from_session_2/
Assessment Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.
This graduate capability is supported by:
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
This unit gives you opportunities to conduct your own research and gives you practice in applying research findings in your assessment tasks. Students will be required to use library resources to research beyond these materials in undertaking research necessary to complete their tasks. The CPA 101 course materials have a reference list at the end of each module containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.
The unit introduces students to international pronouncements including the international standards for audit, review and assurance engagements, the standard on quality control for audit firms and the code of ethics. Sustainability assurance has become a global issue, for example in the context of carbon emissions reporting. Consideration is given in the unit to the sustainability assurance engagements.