Turnitin

All applicable text based assessments must be submitted through Turnitin as per instructions provided in the unit guide and unit assessment guide. It is the student’s responsibility to ensure that work is submitted correctly prior to the due date. No hard copies of assessments will be accepted and only Turnitin records will be taken as records of submission.

Multiple submissions may be possible in some units via Turnitin prior to the final due date and time of an assessment task and originality reports may be made available to students to view and check their work. All identified matching text will be reconsidered carefully. Students should note that the system will not immediately produce the similarity score on a second or subsequent submission - it takes approximately 24 hours for the report to be generated. This may be after the due date so students should plan any resubmissions carefully. Please refer to instructions on how to submit your assignment through Turnitin and access similarity reports and feedback provided by teaching staff and available here. Should you have questions about Turnitin or experience issues submitting through the system, you must inform unit staff by emailing us at accg340@mq.edu.au. If the issue is technical in nature may also lodge OneHelp Ticket, refer to the IT help page.

It is the responsibility of the student to retain a copy of any work submitted. Students must produce these documents upon request. Copies should be retained until the end of the grade appeal period each term. In the event that a student is asked to produce another copy of work submitted and is unable to do so, they may be awarded zero (0) for that particular assessment task.

Unit delivery and learning resources

This unit is delivered in a flipped classroom format. The learning resources delivered via the unit iLearn site largely replace the delivery of content via traditional lectures. 

Students are required to attend 2 hours of face-to-face teaching per week in a 2 hour seminar. Seminars will provide a general overview of the topics and highlight key concepts and techniques for specific topics. The seminars will be interactive in nature and are designed to facilitate further investigation and discussion of the concepts covered in the online learning resources and their application to practical cases.

The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/ 

Changes to student timetables may only be made through eStudent. Students wishing to change their allocated seminar should log onto to eStudent and enrol in a seminar where there is a vacancy. Any question of an administrative nature in relation to seminar allocations should be addressed to accg340@mq.edu.au. Student enrolments must be finalised by the end of Week 1. No further changes may be made after Week 1.

Prizes

Details of prizes awarded by the Faculty of Business and Economics are available at: http://www.businessandeconomics.mq.edu.au/undergraduate_degrees/prizes_scholarships

Required and Recommended Texts and/or Materials

The required texts for the unit, which are available from the Co-op Bookshop are as follows: 

Martinov-Bennie, N., Soh, D. and Frohbus, K. (2017) Auditing and Assurance: A Case Studies Approach, 7^th Edition, LexisNexis Butterworths, Sydney, Australia.

Gay, G. and Simnett, R. (2017) Auditing and Assurance Services in Australia + Connect, 6^th Edition Revised, McGraw-Hill, Sydney, Australia.

Additional required readings will also be made available on iLearn.

Students are also expected to read relevant standards and guidance which are available online at http://www.auasb.gov.au (ASAs, ASQC, ASRS, and AGS) and http//www.apesb.org.au (APES). These are also contained in the Chartered Accountants Australia and New Zealand Auditing Handbook that is available for purchase as follows:

Chartered Accountants Australia and New Zealand (2017) Auditing, Assurance and Ethics Handbook 2017, John Wiley & Sons Australia Ltd, Brisbane, Australia.

The following texts/resources are recommended as useful references:

Leung, P., Coram, P., Cooper, B. and Richardson, P. (2014) Modern Auditing & Assurance Services, 6^th Edition, John Wiley & Sons Australia Ltd, Brisbane, Australia.

Moroney, R., Campbell, F. and Hamilton, J. (2017) Auditing: A practical approach, 3^rd Edition, John Wiley & Sons Australia Ltd, Brisbane, Australia.

Arens, A., Best, P., Shailer, G., Fielder, B., Elder, R. and Beasley, M. (2016) Auditing, Assurance Services and Ethics in Australia, 10^th Edition, Pearson, Sydney, Australia.

CPA Australia (2013) Small Entities Audit Manual (SEAM), Available from: https://www.cpaaustralia.com.au/documents/seam-manual.pdf  [Accessed 27 January 2016]

Technology Used and Required

Students will need access to a personal computer and the internet to review and complete online learning activities, including videos, slide decks, podcasts, additional readings, assessment details and notices from the ACCG340 iLearn site, as well as to complete and make submissions for the assessment tasks in this Unit.

Students will need to be able to access Qlik (Qlik Sense Desktop or QlikView) in order to complete assessment tasks for the unit. Qlik is available to students for free under the Qlik Academic Program. 

The iLearn site this unit can be found at: http://iLearn.mq.edu.au

You are strongly encouraged to regularly visit the website to check for important announcements and use it as a resource to enhance your learning experience.

What is required to complete this unit satisfactorily

In addition to the requirements outlined in the Assessment tasks section above, students are required to achieve an overall pass for the unit to achieve a passing grade in this unit, students are expected to be independent learners who assume personal responsibility for their learning and take a pro‐active approach to addressing any deficiencies in their understanding of the course material through independent research and inquiry and consultations with peers and instructors as appropriate. A detailed learning approach is provided in the Weekly Seminar Guide available on iLearn.

† There are no seminars in Week 7. Students MUST make themselves available between 6 - 7:30pm on Thursday 14 September to take the mid-semester test. Details on the mid-semester test and test venue registration will be available on iLearn by Week 4.

* Monday 2 October 2017 is a public holidays. Seminars scheduled on the day will not be held. Students registered in seminars to be held on the day will be advised of alternative arrangements closer to the date.

The following changes have been introduced since the last offering of this unit:

• Assessed coursework assessment task - timing of Qlik Continuous Classroom learning modules and quizzes changed to allow students greater time to register for access to Qlik
• Minor amendments/refinements to data analytics based case study assignment assessment task
• Content has been updated where there have been developments in research and practice in Australia and internationally
• Updated one of the prescribed textbooks (Gay and Simnett, 2017) to the latest Revised 6th Edition published in June 2017 that incorporates significant recent changes to International and Australian Standards on Auditing (ISAs/ASAs).

This unit supports the development of program learning outcomes (PLO) for degree(s) delivered by the Faculty of Business and Economics. PLOs describe the educational outcomes of a degree and what you should be able to know, understand and do by the end of your degree.

Unit learning outcomes 2, 3, 4 & 5 and the Assignment and Final Exam assessments contribute to the following PLOs:

PLO1 Discipline Specific Knowledge and Skills

PLO2 Critical Thinking

PLO4.1c Communication

PLO4.3 Teamwork

This unit exposes students to research by Macquarie University researchers:

• Martinov-Bennie, N., Soh, D. S. B. and Tweedie, D. (2015). "An investigation into the roles, characteristics, expectations and evaluation practices of audit committees." Managerial Auditing Journal, 30(8/9): 727-755. Available at: http://www.emeraldinsight.com/doi/abs/10.1108/MAJ-05-2015-1186.  [Accessed 27 January 2017]

• Soh, D. S. B. and Martinov-Bennie, N. (2015). "Internal auditors' perceptions of their role in environmental, social and governance assurance and consulting." Managerial Auditing Journal 30(1): 80-111. Available at: http://www.emeraldinsight.com/doi/pdfplus/10.1108/MAJ-08-2014-1075.  [Accessed 27 January 2017]

• Martinov-Bennie, N.,  Frost, G. and Soh,  D. (2012). "Assurance on sustainability reporting: State of play and future directions" in Contemporary Issues in Sustainability Reporting and Assurance, S. Jones and J. Ratnatunga (eds.), Emerald Group Publishing Limited, UK. 

• Soh, D. S. B. and Martinov-Bennie, N. (2011). "The internal audit function: Perceptions of internal audit roles, effectiveness, and evaluation." Managerial Auditing Journal 26(7): 605-622. Available at: http://www.emeraldinsight.com/journals.htm?articleid=1941466. [Accessed 27 January 2017]

This unit exposes students to research from external sources:

• Eilifsen, A. and Messier Jr., W. F. (2015). "Materiality Guidance of the Major Auditing Firms." Auditing: A Journal or Practice & Theory, 34(2): 3-26. Available at: http://ssrn.com/abstract=2274845.  [Accessed 27 January 2017]

• Bowlin, K. O., Hobson, J. L. and Piercey, D. M. (2015). "The Effects of Auditor Rotation, Professional Skepticism, and Interactions with Managers on Audit Quality." The Accounting Review 90(4): 1363-1393. Available at: http://ssrn.com/abstract=1914557   [Accessed 27 January 2017]

• Glover, S. M., Prawitt, D. F. and Drake, M. S. (2015). "Between a Rock and a Hard Place: A Path Forward for Using Substantive Analytical Procedures in Auditing Large P&L Accounts: Commentary & Analysis." Auditing: A Journal or Practice & Theory, 34(3): 161-179, available at: http://ssrn.com/abstract=2408765.  [Accessed 27 January 2017]

• Cohen, J. R. and Simnett. R. (2014). "CSR and Assurance Services: A Research Agenda." Auditing: A Journal or Practice & Theory, 34(1): 59-74.  Available at http://ssrn.com/abstract=2463837.  [Accessed 27 January 2017]

• Cohen, J., Krishnamoorthy, G. and Wright, A. (2004). "The Corporate Governance Mosaic and Financial Reporting Quality." Journal of Accounting Literature 23: 87-152. Available at: http://papers.ssrn.com/abstract=1086743   [Accessed 27 January 2017]

This unit introduces students to topical issues and developments in the auditing profession in Australia and internationally, including through exposure to the following resources:

• KPMG (2016). "Fraud Barometer: October 2015 - March 2016." Available at: https://home.kpmg.com/au/en/home/insights/2016/06/fraud-barometer-october-2015-march-2016.html  [Accessed 27 January 2017]

• ASX Corporate Governance Council (CGC) (2014). "Corporate Governance Principles and Recommendations", 3rd Edition, Australian Securities Exchange, Sydney. Available at: http://www.asx.com.au/regulation/corporate-governance-council.htm  [Accessed 27 January 2017]

• International Auditing and Assurance Standards Board (IAASB) (2016). "Exploring the Growing Use of Technology in the Audit, with a Focus on Data Analytics", International Federation of Accountants (IFAC), New York. Available at: http://www.ifac.org/publications-resources/exploring-growing-use-technology-audit-focus-data-analytics. [Accessed 27 January 2017]

• Financial Reporting Council (FRC) (2015). "Extended auditor's reports: A review of experience in the first year." Available at: https://www.frc.org.uk/Our-Work/Publications/Audit-and-Assurance-Team/Extended-auditor-s-reports-A-review-of-experience.pdf  [Accessed 27 January 2017]

• International Auditing and Assurance Standards Board (IAASB) (2014). "A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality", International Federation of Accountants (IFAC), New York. Available at: http://www.ifac.org/publications-resources/framework-audit-quality-key-elements-create-environment-audit-quality.  [Accessed 27 January 2017]

• Financial Reporting Council (FRC) (2008). "The Audit Quality Framework", Financial Reporting Council, London. Available at: https://www.frc.org.uk/Our-Work/Codes-Standards/Audit-and-assurance/Promoting-audit-quality.aspx  [Accessed 27 January 2017]

• Australian Securities and Investments Commission (ASIC) (2015). "REP 461 Audit inspection program report for 2014-15", ASIC, Australia. Available at: http://asic.gov.au/regulatory-resources/find-a-document/reports/rep-461-audit-inspection-program-report-for-2014-15/​. [Accessed 27 January 2017]

• International Forum of Independent Audit Regulators (IFIAR) (2016). "Report on 2015 Survey of Inspection Findings." Available at: https://www.ifiar.org/IFIAR-Global-Survey-of-Inspection-Findings.aspx.  [Accessed 27 January 2017]

• Australian Securities and Investments Commission (ASIC) (2013). "Information Sheet 184: Audit Transparency Reports", ASIC, Australia. Available at: http://asic.gov.au/regulatory-resources/financial-reporting-and-audit/auditors/audit-transparency-reports/.  [Accessed 27 January 2017]

• KPMG (2016). "Transparency Report 2016." Available at: https://home.kpmg.com/au/en/home/insights/2016/10/transparency-report.html​  [Accessed 27 January 2017]

• Federation of European Accountants (FEE) (2014). "Opening a discussion: The Future of Audit and Assurance." FEE, Belgium. Available at: https://www.accountancyeurope.eu/publications/opening-a-discussion-the-future-of-audit-and-assurance/  [Accessed 27 January 2017]

This unit addresses global and sustainability issues as direct areas of study and as necessary implications arising from the materials, assessment and academic discussion and debate in classes/seminars. We promote sustainability by developing ability in students to research and locate information within accounting discipline. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career. The unit materials have a reference list at the end of each chapter/module/text containing all references cited by the author. These provide some guidance to references that could be used to research particular issues.