James Cook University Subject Handbook - 2024

BX3014 - Auditing and Assurance

Subject Description

This subject examines the underlying concepts and practice of auditing, the collection and evaluation of audit evidence and the audit reporting process. It develops an understanding of the legal environment in which the auditor works and focuses on the requirements of financial statement audit under relevant legislations. Through this subject, students are exposed to the techniques used by auditors in carrying out audit procedures and evaluating audit evidence. Students will also critically analyse contemporary audit issues, sustainability, recent audit headlines and challenges faced by the audit profession in the Australian and global environment.

Learning Outcomes

• examine the nature and purpose of auditing within the regulatory auditing environment
• summarize current national and international developments in sustainability
• apply the objectives and phrases of International Standards on Auditing
• assess the impact and risks in the preparation of audit plans
• analyse and produce audit evidence and reports

Subject Assessment

• Written > Examination (centrally administered) - (50%) - Individual
• Written > Test/Quiz 1 - (15%) - Individual
• PART A - Report (25%) PART B - Oral Presentation (10%) - (35%) - Individual

Note that 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.

Assumed Knowledge:  RECOMMENDED (BU2112 OR BX2112 OR CO2502 OR LA3015 OR LA3106) AND (BX3112 OR CO3513 OR LA4023)

Inadmissible Subject Combinations:  CO3012

Availabilities