Coronavirus (COVID-19) Update
Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
Unit convenor and teaching staff |
Unit convenor and teaching staff
Dominic Soh
Contact via Email
Fiona Foster
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
(ACCG907 or ACCG8307) and (ACCG908 or ACCG8308) and (ACCG913 or ACCG8313)
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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 Advanced Audit and Assurance unit of the CPA program. The overall objective of this unit is to provide a body of knowledge to help students understand the nature and diversity of auditing and assurance services including quality control for audit firms and the code of ethics. It presents an overview of the auditing process and examines the objectives of the audit and assurance engagements and the environment within which an auditor or assurance practitioner operates. Ethical and professional responsibilities are emphasised to help students develop professional scepticism, professional judgement and awareness of ethical values and attitudes expected of audit professionals globally. Advanced audit techniques such as eCommerce, data analytics, group audits, using other auditors, experts, and internal auditing are analysed. Government sector auditing through performance audit engagements including attestation and direct engagements are explored along with contemporary developments in assurance engagements thereby providing future practice management opportunities in the audit and assurance services performance. |
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:
Coronavirus (COVID-19) Update
Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
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.
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 be 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.
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.
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.
Coronavirus (COVID-19) Update
Any references to on-campus delivery below may no longer be relevant due to COVID-19.
Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
Classes
Classes meet weekly for a 3-hour seminar on Wednesdays 1pm-4pm, City Campus, Level 24/124 Pitt Street, Sydney room 2331.
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-semester 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 5th 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.
Coronavirus (COVID-19) Update
The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
Schedule |
Topic/Content description |
Week commencing 27 January |
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Week commencing 3 February |
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Week commencing 10 February |
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15 February (Saturday) Time and venue TBC |
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Week commencing 17 February |
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Week commencing 24 February |
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Week commencing 2 March |
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Week commencing 9 March |
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Week commencing 16 March |
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Week commencing 23 March |
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Week commencing 30 March |
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Friday 3 April venue and time TBC |
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Week commencing 6 April |
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Friday 10 April |
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11 April – 28 April |
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Week commencing 4 May |
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Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@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 help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
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
If you are a Global MBA student contact globalmba.support@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.
Due to the CPA schedule, ONE seminar will be held at NORTH RYDE Campus only 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.