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Curtin Business School (CBS)School of AccountingUnit OutlineACCT5016 CPA Advanced Audit and AssuranceSemester 2, 2016 Unit study package code:ACCT5016Mode of study:InternalTuition pattern summary:Note: For any specific variations to this tuition pattern and for preciseinformation refer to the Learning Activities section.Seminar: 2 x 3 Hours WeeklyThis unit does not have a fieldwork component.Credit Value:25.0Pre-requisite units:NilCo-requisite units:NilAnti-requisite units:NilResult type:Grade/MarkApproved incidental fees:Information about approved incidental fees can be obtained from our website.Visit fees.curtin.edu.au/incidental fees.cfm for details.Unit coordinator:Title:Name:Phone:Email:Location:DrHarj Singh 618 9266 7904H.Singh@cbs.curtin.edu.auBuilding: 407 - Room: 436Teaching Staff:Name:Phone:Email:Location:Dr Harjinder Singh 618 9266 7904H.Singh@cbs.curtin.edu.auBuilding: 407 - Room: 436Name:Phone:Email:Location:Dr Nigar Sultana 618 9266 2974n.sultana@curtin.edu.auBuilding: 407 - Room: 443Administrative contact:Name:Phone:Email:Location:Bree Miley 618 9266 2870bree.miley@curtin.edu.auBuilding: 407 - Room: 425Learning Management System:Blackboard (lms.curtin.edu.au)Acknowledgement of CountryWe respectfully acknowledge the Indigenous Elders, custodians, their descendants and kin of this land past andpresent.ACCT5016 CPA Advanced Audit and AssuranceBentley Campus21 Jul 2016School of Accounting, Curtin Business School (CBS)Page: 1 of 8CRICOS Provider Code 00301JThe only authoritative version of this Unit Outline is to be found online in OASIS

Curtin Business School (CBS)School of AccountingSyllabusThis unit provides a body of knowledge for students to understand the nature and diversity of audit and assuranceengagements. This would include: 1) the assurance services framework, general audit principles and auditorresponsibilities; 2) understanding the entity, assessing risk and responding to assessed risk; 3)undertaking an auditof financial statements; 4) audit conclusions and reporting requirements; 5) auditors responsibilities relating to fraudand the going concern assumption; and 6) performance audits and other assurance services inclusive of internalauditing.IntroductionThis unit will review major concepts and background literature relating to the assurance services framework, generalaudit principles and auditor responsibilities; understanding the entity, assessing risk and responding to assessed risk;undertaking an audit of financial statements; audit conclusions and reporting requirements; auditors responsibilitiesrelating to fraud and the going concern assumption; and performance audits and other assurance services inclusiveof internal auditing.Unit Learning OutcomesAll graduates of Curtin University achieve a set of nine graduate attributes during their course of study. These tell anemployer that, through your studies, you have acquired discipline knowledge and a range of other skills andattributes which employers say would be useful in a professional setting. Each unit in your course addresses thegraduate attributes through a clearly identified set of learning outcomes. They form a vital part in the processreferred to as assurance of learning. The learning outcomes tell you what you are expected to know, understand orbe able to do in order to be successful in this unit. Each assessment for this unit is carefully designed to test yourachievement of one or more of the unit learning outcomes. On successfully completing all of the assessments you willhave achieved all of these learning outcomes.Your course has been designed so that on graduating we can say you will have achieved all of Curtin's GraduateAttributes through the assurance of learning process in each unit.GraduateAttributesaddressedOn successful completion of this unit students can:1 Explain the assurance framework in which auditors operate and the auditorsresponsibilities within this framework, inclusive of other audit services such as performanceaudits and internal audit2 Analyse the client’s business, industry and operating environment, assessing risk, inclusiveof fraud and the going concern assumption, and respond to this assessed risk3 Undertake an audit of financial statements by determining and applying appropriate auditprocedures4 Prepare and justify audit conclusion and opinions to be issuedCurtin's Graduate AttributesApply discipline knowledgeThinking skillsInformation skills(use analytical skills to solve problems)(confidence to investigate new ideas)Communication skillsTechnology skillsInternational perspectiveCultural understanding(value the perspectives of others)(value the perspectives of others)Learning how to learn(apply principles learnt to new situations)(confidence to tackle unfamiliar problems)Professional Skills(work independently and as a team)(plan own work)Find out more about Curtin's Graduate attributes at the Office of Teaching & Learning website: ctl.curtin.edu.auLearning ActivitiesACCT5016 CPA Advanced Audit and AssuranceBentley Campus21 Jul 2016School of Accounting, Curtin Business School (CBS)Page: 2 of 8CRICOS Provider Code 00301JThe only authoritative version of this Unit Outline is to be found online in OASIS

Curtin Business School (CBS)School of AccountingThe purpose of the seminars is to provide students with guidance on the various topics during the course. This is apostgraduate course and students are expected to familiarise themselves with the relevant lecture topics prior toattending the seminars. This includes prereading the lecture topics, and undertaking research to identify othermaterials to enhance their understanding of the topics and prepare themselves for the quizzes, assigment andtests/exams. To this end, it is expected that students in ensuring they have a thorough undertanding of the topic andpreparing themselves for the quizzes, assigment and tests/exams, do all exercises and practice questions providedvia the teaching materials.Learning ResourcesRecommended textsYou do not have to purchase the following textbooks but you may like to refer to them.lThere is no textbook provided for this unit.Teaching materials for this unit include comprehensive lecture notes and student support notes (provided byCPA Australia) which will be provided via blackboard.(ISBN/ISSN: -)Other resourcesYou do not have to purchase the following textbooks but you may like to refer to them.Moroney, R., Campbell, F., Hamilton, J. (2011). Auditing A Practical Approach (1st Ed), Australia: John Wiley & Sons orlater edition;Gay, R. and Simnett, R. (2010). Auditing & Assurance Services in Australia (4th Ed), McGraw Hillor later edition;Leung, P., Coram, P., Cooper, B.J. (2011). Modern Auditing & Assurance Services (5th Ed), Australia: John Wiley &Sonsor later edition;andCAANZ or CPAA 2012 (onwards) Auditing and Assurance Handbook: John Wiley & Sons.AssessmentAssessment scheduleTaskValue %Date DueUnit LearningOutcome(s)AssessedQuizzes30 percentWeek: 3 and 41,2,3Day: On seminar dayin classTime: At the seminartime in classTest50 percentWeek: 10 on08/10/2016Day: SaturdayTime: 2pm at408.1019Assignment20 percentWeek: Week 141,2,3Day: On seminar dayin classTime: At the seminartime in class1232,3,4Detailed information on assessment tasksACCT5016 CPA Advanced Audit and AssuranceBentley Campus21 Jul 2016School of Accounting, Curtin Business School (CBS)Page: 3 of 8CRICOS Provider Code 00301JThe only authoritative version of this Unit Outline is to be found online in OASIS

Curtin Business School (CBS)School of Accounting1. There will be two quizzes in total. These quizzes will comprise of 30 MCQs per quiz. These questions can alsobe used as a basis for revision towards the mid semester test and the CPA exam. Marks allocated will be 15marks for each of the two quizzes giving a total of 30 percent.2. The mid semester test will comprise a set of 100 MCQs and will cover all the topics covered in the exam.Further details will be provided during the semester.3. Details of the assignment will be provided during the semester in week 11. There will be opportunities todiscuss and clarify aspects of the assigment during the weeks prior to the presentation and submission inweek 14.Pass requirementsIn order to pass this unit an overall mark of 50 or greater is required.Fair assessment through moderationModeration describes a quality assurance process to ensure that assessments are appropriate to the learningoutcomes, and that student work is evaluated consistently by assessors. Minimum standards for the moderation ofassessment are described in the Assessment and Student Progression Manual, available rning.cfmLate assessment policyThis ensures that the requirements for submission of assignments and other work to be assessed are fair,transparent, equitable, and that penalties are consistently applied.1.2.All assessments students are required to submit will have a due date and time specified on this Unit Outline.Students will be penalised by a deduction of ten percent per calendar day for a late assessment submission(eg a mark equivalent to 10% of the total allocated for the assessment will be deducted from the markedvalue for every day that the assessment is late). This means that an assessment worth 20 marks will have twomarks deducted per calendar day late. Hence if it was handed in three calendar days late and given a mark of16/20, the student would receive 10/20. An assessment more than seven calendar days overdue will not bemarked and will receive a mark of 0.Assessment extensionA student unable to complete an assessment task by/on the original published date/time (eg examinations, tests) ordue date/time (eg assignments) must apply for an assessment extension using the Assessment Extension form(available from the Forms page at students.curtin.edu.au/administration/) as prescribed by the Academic Registrar. Itis the responsibility of the student to demonstrate and provide evidence for exceptional circumstances beyond thestudent's control that prevent them from completing/submitting the assessment task.The student will be expected to lodge the form and supporting documentation with the unit coordinator before theassessment date/time or due date/time. An application may be accepted up to five working days after the date ordue date of the assessment task where the student is able to provide an acceptable explanation as to why he or shewas not able to submit the application prior to the assessment date. An application for an assessment extension willnot be accepted after the date of the Board of Examiners' meeting.Deferred assessmentsIf your results show that you have been granted a deferred assessment you should immediately check OASIS fordetails.Deferred examinations/tests will be held from 16/01/2017 to 24/02/2017 . Notification to students will be made afterthe Board of Examiners’ meeting via the Official Communications Channel (OCC) in OASIS.ACCT5016 CPA Advanced Audit and AssuranceBentley Campus21 Jul 2016School of Accounting, Curtin Business School (CBS)Page: 4 of 8CRICOS Provider Code 00301JThe only authoritative version of this Unit Outline is to be found online in OASIS