GSB 644 Auditing
This unit is designed to introduce students to the major conceptual and technical aspects of auditing.
On completion of the unit, students will be able to:
- explain the conceptual underlying theory of auditing;
- describe the legal and societal roles and responsibilities of the auditor
- apply auditing techniques; and
- discuss contemporary auditing issues
The unit requires extensive reading from a text book and the ICAA/CPA Auditing Handbook with some additional readings provided in the unit’s Handbook. This reading combined with completion of Activity Questions, assignment preparation and examination preparation can be completed in approximately 10 hours work per topic. It is not advisable to fall behind the suggested study timetable.
The unit is online using WebCT. Students can communicate with the coordinator and amongst themselves as well as download summary notes on each topic which provide focus on important aspects.
Unfortunately, some students, who do not intend to be auditors, initially question the relevance of the unit to their career objectives. Knowledge of auditing is, however, relevant to any accounting career as it provides skills for problem-solving, provides useful detail on how to develop a strong internal control environment, appropriate accounting information system and useful internal control procedures. The unit ties together many aspects of accounting learnt in previous studies.