A mid-session test (20% of Grade) will be held to give students practice on a summative assessment task and to  provide feedback on their progress midway through the session. Mid Test will held in Lecture time on Friday 17 December at 10am. Duration will be 1.5 hours and students need to be available from 10am to 12 noon.

Upon successful completion of the Mid Test, students will be able:

•   Explain the purpose of external and internal audit and assurance services and the various types of audit and assurance services within the Australian and international regulatory, professional  and ethical frameworks and environment. •   Design audit strategies within the context of appropriate, sufficient and relevant evidence, and design appropriate audit procedures (including tests of controls and substantive tests) in response to specific risks.

A Case Study (Group and Individual) (20% of Grade) will provide students with the opportunity to apply their knowledge of audit processes and procedures developed in the unit to a  case study. Students will complete this assessment and submit their responses as part of a group and individually. On successful completion you will be able to: •   Analyse case-based scenarios by identifying and evaluating risk factors and their implications for audit planning and evidence gathering activities. •   Design audit strategies within the context of appropriate, sufficient and relevant evidence, and design appropriate audit procedures (including tests of controls and substantive tests) in response to specific risks. •   Apply professional judgement and decision making in evaluating audit evidence, the treatment of subsequent events, and in formulating audit opinions. •   Develop knowledge and skills in data analytics. •   Demonstrate the capacity for effective collaboration with others and in communicating findings.

Final Exam (60% of Grade) will be held during the Final Examinations period - 17-21 January 2022. Refer to Timetabling notification of Final Exam. This Final Exam will be closed book, online and 2 hours in duration covering a combination of multiple choice and short case questions. Refer iLearn for further details.

This is an ONLINE session. Students are requried to attend a LIVE Lecture (twice a week on Tuesdays and Fridays at 10am) + their timetabled Workshop on Tuesdays and Fridays at either 3pm or 5pm. Workshops are interactive and are designed to faciliate further discussion of auditng concepts covered in the Live Lecture.

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 tutorial should log onto to eStudent and enrol in a tutorial where there is a vacancy.  Any question of an administrative nature in relation to tutorial allocations should be addressed to  accg3040@mq.edu.au. Student enrolments must be finalised by the end of week 1. No further changes may be made after Week 1.

Required and Recommended Texts and/or Materials The required texts for the unit are as follows:

• Martinov-Bennie, N., Soh, D. and Frohbus, K. (2017) Auditing and Assurance: A Case Studies Approach, 7th Edition, LexisNexis Butterworths, Sydney, Australia.
• Gay, G. and Simnett, R. (2018) Auditing and Assurance Services in Australia + Connect, 7th edition, 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).   

The following texts/resources are recommended as useful references:

• Leung, P., Coram, P., Cooper, B. and Richardson, P. (2018) Auditing And Assurance, 1st Edition, John Wiley & Sons Australia Ltd, Brisbane, Australia.
• Moroney, R., Campbell, F. and Hamilton, J. (2017) Auditing: A practical approach, 3rd Edition,John Wiley & Sons Australia Ltd, Brisbane, Australia.  

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 ACCG3040 ilearn site, as well as to complete and make submissions for the assessment tasks in this Unit. Further information on any specific technology requirements will be made available on the unit ilearn site. The unit ilearn 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 Unit Assessment guide,  available on ilearn, 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 the Unit Convenor Dr Angela Hecimovic.