Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor and Lecturer
James Hazelton
Contact via accg3040@mq.edu.au
4ER 326
Refer iLearn
Moderator
Rebecca Bachmann
Contact via accg3040@mq.edu.au
4ER 352
N/A
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
130cp at 1000 level or above
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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 examines the theory and practice of auditing and assurance services. The unit focuses on the external audit of corporate financial reports while also considering a broader range of financial and non-financial assurance services. Students will develop a comprehensive understanding of the audit process and the professional auditing environment. Students will also be exposed to ethical requirements, corporate governance and other current issues in auditing and assurance, including data analytics. The unit is applied in nature and will require students to work through learning resources and assessment tasks based on contemporary Auditing Standards and real-world auditing case studies. |
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:
Submission of assessment tasks
All applicable text based assessments must be submitted through Turnitin. 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. Should you have questions about Turnitin or experience issues submitting through the system, you must inform unit staff by emailing us at accg3040@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.
Late Assessment Submission Penalty
Unless an application for Special Consideration has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.
For any late submissions of time-sensitive tasks, such as scheduled tests, exams, performance assessments, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration
Name | Weighting | Hurdle | Due |
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Formal and observed learning: Test | 20% | No | Week 8 |
Professional practice: Auditing | 40% | No | Week 10 |
Formal and observed learning: Exam | 40% | No | Final examination period |
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: Week 8
Weighting: 20%
The purpose of this assessment is for you to demonstrate your understanding and knowledge of key topics from the unit.
You will participate in a formal test. Feedback on this test will help you assess your progress through the unit content..
Deliverable: Test Individual assessment
Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 35 hours
Due: Week 10
Weighting: 40%
The purpose of this assessment is for you to develop your expertise in auditing.
You will apply your knowledge of audit processes and procedures developed in the unit to a case study.
Skills in focus: - Discipline Knowledge - Critical Thinking
Deliverable: Written Submission Individual and group assessment
Assessment Type 1: Examination
Indicative Time on Task 2: 35 hours
Due: Final examination period
Weighting: 40%
The purpose of this assessment is for you to formally demonstrate the expertise you have gained in this unit.
You will participate in a 2-hour exam held during the University Examination period. Important information about the exam will be made available on the unit iLearn page. You should also review the MQ Exams website for general tips.
Deliverable: Formal exam Individual assessment
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Unit delivery and learning resources
Students are required to attend a weekly lecture and tutorial (lectures commence in Week 1, tutorials commence from Week 2). There are also online learning resources that students are required to engage with to complement the weekly lecture and tutorial.
Lectures and tutorials are interactive and are designed to facilitate further discussion of concepts covered in online learning resources and their application to practical cases.
The timetable for classes can be found on the University website at: https://publish.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 about 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 text for the unit, which is available from McGraw-Hill online, is:
Gay, G. and Simnett, R. (2024) Auditing and Assurance Services in Australia, ebook 8th 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). These are also contained in the Chartered Accountants Australia and New Zealand Auditing Handbook.
The following text is recommended as a useful reference:
Moroney, R., Campbell, F. and Hamilton, J. (2020) Auditing: A practical approach, 4th 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 peers and instructors as appropriate. A detailed learning approach is provided in the Unit Weekly Guide available on iLearn.
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Week | Topics | Week commencing |
1 | Overview | 24-Feb |
2 | Client acceptance | 3-Mar |
3 | Audit risk model | 10-Mar |
4 | Assertions | 17-Mar |
5 | Tests of controls | 24-Mar |
6 | Substantive testing | 31-Mar |
7 | Sustainability | 7-Apr |
MID-SESSION BREAK | 14-Apr | |
8 | In-class test | 28-Apr |
9 | IT and big data | 5-May |
10 |
Completion Assignment due |
12-May |
11 | Legal liability and ethics | 19-May |
12 | Other services and audit quality | 26-May |
13 | Revision | 2-Jun |
Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/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 connect.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Academic Success provides resources to develop your English language proficiency, academic writing, and communication skills.
The Library provides online and face to face support to help you find and use relevant information resources.
Macquarie University offers a range of Student Support Services including:
Got a question? Ask us via the Service Connect Portal, or contact Service Connect.
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.
Refinements to unit content have been made to reflect updated materials and current events, most notably in an expanded section on sustainability assurance.
Unit information based on version 2025.02 of the Handbook