BX3014 - Auditing

Credit points:	03
Year:	2012
Student Contribution Band:	Band 3
Administered by:	School of Business

This subject examines the underlying concepts and practice of auditing, the collection and evaluation of audit evidence and the audit reporting process. The subject also develops an understanding of the legal environment in which the auditor works and focuses on the requirements of financial statement audit under the Corporations Act (2001)(Cth). Topics examined include the rights, duties and responsibilities of auditors; risk analysis; audit plans; audit programmes; sampling; tests of controls; substantive tests; and EDP audit principles.

Learning Outcomes

• analyse organisations in terms of their systems of internal controls and risk factors;
• demonstrate an ability to apply audit principles to the preparation of audit plans and programs;
• describe and evaluate the rights, duties and responsibilities of the auditor;
• evaluate and apply tests of internal control and substantive tests;
• evaluate ethical problems experienced by auditors;
• evaluate the effect of EDP development on the audit environment.

Graduate Qualities

• The ability to think critically, to analyse and evaluate claims, evidence and arguments;
• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to communicate effectively with a range of audiences;
• The ability to speak and write logically, clearly and creatively;
• The ability to calculate, produce, interpret and communicate numerical information;
• The ability to select and use appropriate IT tools;
• The ability to access and employ online technologies effectively;
• A coherent and disciplined body of skills, knowledge, values and professional ethics in at least one discipline area;
• The ability to use a variety of media and methods to retrieve, analyse, evaluate, organise and present information;
• The ability to reflect on and evaluate learning processes and products;
• The ability to learn independently and in a self-directed manner;
• A commitment to lifelong learning and intellectual development.

Prerequisites:	(BU2112 OR CO2502 OR LA3015 OR LA3106) AND (BX3011 OR CO2002)
Inadmissible Subject Combinations:	CO3012

Availabilities
Townsville, Internal, Study Period 2
Census Date 23-Aug-2012
Coordinator:	Ms Karen McPherson
Lecturer:	Mrs Wendy Kerr.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (25%); assignments (15%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
Cairns, Internal, Study Period 2
Census Date 23-Aug-2012
Coord/Lect:	Ms Karen McPherson.
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (25%); assignments (15%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 21
Census Date 12-Apr-2012
Coordinator:	Ms Karen McPherson, Mr Richard Lane
Contact hours:	26 hours lectures 12 hours tutorials
Assessment:	end of semester exam (50%); other exams (20%); assignments (30%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 22
Census Date 09-Aug-2012
Coordinator:	Ms Karen McPherson
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (25%); assignments (15%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.
JCU Brisbane, Internal, Study Period 23
Census Date 06-Dec-2012
Coordinator:	Ms Karen McPherson
Contact hours:	26 hours lectures 12 hours tutorials 12 hours workshops/Seminars
Assessment:	end of semester exam (60%); other exams (25%); assignments (15%).
Special Assessment Requirements:	Students must obtain a final mark of at least 50% to pass the subject, and must obtain at least an average of 50% over all invigilated components to pass the subject.

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.