ACCTN305-20A (TGA)

Auditing

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: uwt@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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In this course we aim to develop a critical awareness of auditing by applying theory to audit practice and audit decision-making. You will focus on the role of the external auditor, professional expectations, professional ethics, and regulation related to the audit of financial statements. We will emphasise the key concepts of the audit process and apply audit techniques to short cases in audit and assurance services. We will create an awareness of the use of audit analytics and the impact of new technologies on the way audits are performed.

This is a course designed for a student new to auditing, but who has a background in financial accounting, law, systems, management accounting and core management studies. This is why this paper is offered in the third year. You will be expected to draw on your learning from these other courses to inform your audit decisions. This paper meets the academic requirements for entry into the accounting profession covering material classified as both introductory and advanced.
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Paper Structure

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  • 3 lectures per week (including in-lecture workshops); and
  • 1 tutorial per week.
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Learning Outcomes

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Students who successfully complete the course should be able to:

  • 1. Apply the legal and professional requirements relating to the conduct of audits within the New Zealand context
    Linked to the following assessments:
  • 2. Demonstrate an understanding of the purpose of auditing
    Linked to the following assessments:
  • 3. Explain the nature of auditor liability
    Linked to the following assessments:
  • 4. Comprehend the audit process
    Linked to the following assessments:
  • 5. Analyse and evaluate techniques involved in delivering assurance services
    Linked to the following assessments:
  • 6. Comment on current issues related to auditing
    Linked to the following assessments:
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Assessment

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The assessments in this paper are designed to:

  1. Teach you how to apply audit principles to short practice cases.
  2. Test your ability to apply theory to audit dilemmas.
  3. Improve your writing skills.
  4. Assess your knowledge, presentation and application skills.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Test 1
23 Mar 2020
9:00 AM
15
  • Online: Submit through Moodle
2. Test 2
18 May 2020
5:30 PM
25
  • Online: Submit through Moodle
3. Tutorial
20
  • Online: Submit through Moodle
4. Integrated case study 1
29 May 2020
5:00 PM
20
  • Online: Submit through Moodle
5. Integrated case study 2
26 Jun 2020
5:00 PM
20
  • Online: Submit through Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Gay, G. and Simnett, R. (2018). Auditing & Assurance Services. (7th Edition). Australia: McGrawHill

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Recommended Readings

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Highly Recommended:

Assurance Standards available at XRB website: https://www.xrb.govt.nz

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Other Resources

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LECTURES: This is where all relevant announcements about the course are made. You are expected to attend all lectures, and you are responsible for obtaining information and material presented there.

LECTURES ONLINE: Selected lecture notes are made available online as advised in lecture. They are NOT a substitute for reading the text or attending lectures.

STAFF OFFICE HOURS: Teaching staff hold office hours which you are encouraged to use for questions. Times will be provided online. As we are not available outside these hours (except by appointment), you should take advantage of these times.


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Online Support

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If you require online support for myweb please email helpdesk at: itshelp@waikato.ac.nz
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Workload

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3 lectures per week (including in-lecture workshops).
1 tutorial per week.
Optional activities (Computer Applications, Writing Guidance).
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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: ACCTN202 or ACCT202

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ACCT341

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