1. Class Test 1

Due: Week commencing 17 February

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 i.e. 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 special consideration application is made AND approved.

 

2. Class Test 2

Due: Week commencing 30 March

Weighting: 40%

Submission

The test will be conducted online at a specific time and date to be advised closer to the time and submitted directly on iLearn. 

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 i.e. there will be no supplementary tests.

Penalties

Students who do not sit the online class test(s) on the designated class date and time will be awarded a mark of zero (0) for the task, except in cases in which a special consideration application is made AND approved.

 

3. Class Participation

Due: Weekly

Weighting: 13%

Submission

This assessment task consists of multiple components - participation conducted online (7%) and in person in class (6%).  Participation in class will be assessed directly by the lecturer.  Students are required to attend and participate in at least 80% of classes to pass this course. All students in this seminar also need to contribute to the online discussion forum on iLearn.

You must attend your registered class. 

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. Students who have not attended class or not submitted their homework on time will be awarded a mark of zero (0) for the task, except for cases in which an application for special consideration is made AND approved.

Penalties

A mark of zero (0) will be assigned for non-participation in class discussions, or online discussion forums.

 

4. Reflection Journal

Due: Friday 10 April at 5pm

Weighting: 7%

Submission

Students are required to submit a Reflection Journal on iLearn (Turnitin see below) by 5pm Friday, 10 April 2020.

Turnitin

All applicable text-based assessments (Reflection journal) 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 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 the unit convenor by email. If the issue is technical in nature, you 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.

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. Students who have not submitted the Reflection Journal prior to the deadline will be awarded a mark of zero (0) for the task, except for cases in which an application for special consideration is made AND approved.

 Penalties

A mark of zero (0) will be assigned for non-submission of the Reflection Journal.

 

5. Final Examination

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. Where students do not attain at least 35 marks for the Macquarie University Assessment, an overall Fail grade may apply.

 

 

Classes

Classes meet weekly for a 3-hour seminar on Wednesdays 6pm-9pm, North Ryde Campus, 11 Wallys Walk (11WW), room 150 or Fridays 12pm to 3pm, North Ryde Campus 10 Hadenfeld Avenue (10 HA) room 212.  You must attend your registered class.

Plus ONE additional seminar at NORTH RYDE Campus on Saturday 15 February at a time and venue TBC. 

Class attendance is MANDATORY and students are required to attend and participate in at least 80% of classes to pass this course. 

Note: There is no mid-session break for this unit. 

The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/2020

 

Required and Recommended Texts and/or Materials

All students are required to have the following:

CPA Program: CPA Advanced Audit and Assurance 5^th edition Study Guide 2020 and My online learning (MYOL) learning materials issued 2020.

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 Advanced Audit and Assurance study guide 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 online 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 3-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 a 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 most weeks, students will be expected to complete, and contribute to the 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 3-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 comprehend the module material before the seminar.

Schedule	Topic/Content description
Week commencing 27 January	Introduction Module 1: The Auditing and Assurance Framework
Week commencing 3 February	Module 1:  The Auditing and Assurance Framework (cont)
Week commencing 10 February	Module 2: Planning the Audit of Historial Financial Information
15 February (Saturday) Time and venue TBC	Module 2: Planning the Audit of Historial Financial Information (cont) Revision (Modules 1 and 2)
Week commencing 17 February	Class Test 1 on Modules 1 and 2 Module 3: Performing the Audit of Historical Financial Information
Week commencing 24 February	Module 3: Performing the Audit of Historical Financial Information (cont)
Week commencing  2 March	Module 4: Conclusions and Reporting Responsibilities for an Audit
Week commencing  9 March	Module 4: Conclusions and Reporting Responsibilities for an Audit (cont)
Week commencing  16 March	Module 5: Other Assurance Engagements
Week commencing  23 March	Module 5: Other Assurance Engagements (cont)
Week commencing  30 March	Revision (Modules 3, 4 and 5) Westerways Case Study
Friday 3 April venue and time  TBC	Class Test 2 covering all modules
Week commencing  6 April	Feedback on Class Tests Revision of all modules
Friday 10 April	Submit Reflection Journal on iLearn by 5pm
11 April – 28 April	CPA examination period
Week commencing  4 May	Reflection Journal Feedback and Unit wrap up

 

Due to the CPA schedule, ONE  seminar will be held at NORTH RYDE Campus on Saturday 15 February at a time and location to be advised by your lecturer. This will ensure that all the content will be covered before the CPA exam period.

From Session 2, 2019, students are required to attend and participate in at least 80% of the classes to pass this course.