Acct 3708 Lecture Pdf
University of New South Wales
School of Accounting
Auditing and Assurance Services
2013
LECTURE 1
Introduction to the Audit Function
Assurance Framework
Australian Corporate Audits
Auditing Standards
Lecture Overview
• Announcements
• Overview course requirements
• Introduction to the course
– Assurance
– Auditing
– Legal requirements
– Auditing standards
Announcements
• 1. Tutorial Allocation
– Once classes are full no more will be admitted
– No new classes will be scheduled
– Staff-assisted changes
• Will be allowed for exceptional circumstances only; and only where the class is not already at maximum size
• 2. Student email address
• used for course announcements including offer of supplementary final exam where applicable so ensure it is linked to your regular email address
Review Course Requirements
• Refer Course outline
- Staff – p.3
• Consultation Hours posted to web by week 2
– Course aims and outcomes – p.4
• understand the audit function and why there is a demand for it
• establish the legal, professional and regulatory framework for audits in the Australian environment
• familiarise students with techniques such as risk analysis, evidence collection and evaluation, and audit reporting
• review current developments relating to audit practice
• NOTE: this is a very practical course. Rote learning is inappropriate. Need to apply skills to specific scenarios
Review Course Requirements
Course Structure/Teaching strategies – p.5
- 1 x 2-hour lecture + 1 x 1-hour tutorial/week
2 Note: tutorials will run in parallel with lectures (i.e. your tutorial during week 2 will cover the material presented in lecture 2.
- Refer p.21 for weekly structure
1. Reading guide – expected prior to Lecture
3 components:
Textbook,
Standards,
Lecture Examples.
2. Tutorial Questions
It is expected that you will have attempted these questions prior to class. They will be discussed in class.
Review Course
School of Accounting
Auditing and Assurance Services
2013
LECTURE 1
Introduction to the Audit Function
Assurance Framework
Australian Corporate Audits
Auditing Standards
Lecture Overview
• Announcements
• Overview course requirements
• Introduction to the course
– Assurance
– Auditing
– Legal requirements
– Auditing standards
Announcements
• 1. Tutorial Allocation
– Once classes are full no more will be admitted
– No new classes will be scheduled
– Staff-assisted changes
• Will be allowed for exceptional circumstances only; and only where the class is not already at maximum size
• 2. Student email address
• used for course announcements including offer of supplementary final exam where applicable so ensure it is linked to your regular email address
Review Course Requirements
• Refer Course outline
- Staff – p.3
• Consultation Hours posted to web by week 2
– Course aims and outcomes – p.4
• understand the audit function and why there is a demand for it
• establish the legal, professional and regulatory framework for audits in the Australian environment
• familiarise students with techniques such as risk analysis, evidence collection and evaluation, and audit reporting
• review current developments relating to audit practice
• NOTE: this is a very practical course. Rote learning is inappropriate. Need to apply skills to specific scenarios
Review Course Requirements
Course Structure/Teaching strategies – p.5
- 1 x 2-hour lecture + 1 x 1-hour tutorial/week
2 Note: tutorials will run in parallel with lectures (i.e. your tutorial during week 2 will cover the material presented in lecture 2.
- Refer p.21 for weekly structure
1. Reading guide – expected prior to Lecture
3 components:
Textbook,
Standards,
Lecture Examples.
2. Tutorial Questions
It is expected that you will have attempted these questions prior to class. They will be discussed in class.
Review Course