Auditing

Description
ACCY 330 Audit introduces you to the role and practice of audit and is approved as a
professional audit course in association with specified local and international accounting bodies.

Audit is a judgement-based discipline. The decisions auditors make are informed by their
knowledge of and experience in management accounting, financial accounting, systems and commercial law. Auditors come to express opinions on matters that are of real interest to people,
decisions which affect the social and economic welfare of others. The professional auditor does not
prepare the material they audit instead they come to an opinion about reports and claims made by
others and communicate their opinion to those who care about those reports or claims. Audit is a
professional study in its own right, serving the public and demanding that practitioners apply a high level of ethics, skill and care in their work.

In this course we examine audit?s purpose, the auditors? role and the pressures under which they
operate. You will be introduced to the audit process and you will apply principles of independence,
judgement, evidence and risk to real-like audit situations.

Auditing is a challenging course. You are expected to read the material assigned before coming
to class, and to prepare carefully for your assessments. Getting behind is not a good idea as audit
knowledge is cumulative. We look forward to working with you.

Course Objectives:
By the end of the course you should be able to:
1. Explain and evaluate the purpose of auditing and the role of the auditor,
2. Evaluate and apply professional standards and professional ethics,
3. Apply professional judgement in the areas of materiality, risk assessment and evidence,
4. Apply audit concepts and theory to the practice of auditing in the business world.

Assessment
Test 25%
Workship Assessment
-Group Mark:Presenting Team 10%
-Individual Mark: Presenter 9%
-Non-Presenter Mark 6%
Exam 50%