ACCTN305-20B (HAM)

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)

: maxine.hayward@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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Engagement and Participation

Viewing on-line content and participation in activities and tutorials is expected. There is a strong positive correlation between such participation and the mark in the course. I typically point out and explain the most important topics in recorded videos, and the tests focus on these topics. Solutions to cases and activities will be discussed only in the videos and tutorials. You should study the chapter readings prior to the delivery of this material.

Homework

At the beginning of our discussion of each chapter, I will select some homework problems for you to work on. These problems are meant to help you understand the concepts we discuss and problems/activities we work on. I will not collect or go over the homework problems but will post the solutions to the homework one or two days after the homework is assigned (i.e., you will not turn-in homework). I only choose a subset of the homework and consider these problems to be the most critical for your learning of the material. You should work through the homework and then check your answers with the provided solutions. Attempting homework before looking at the solutions will test your understanding of the material and will help you focus your studying for the tests. It is your responsibility to keep up with the homework and not to leave all of it until the last minute before the tests – if you do, you will not be able to learn it or ask any questions about it!

Integrated Audit Practice Case

The Integrated Audit Practice Case (IAPC) consists of 10 assignments (we will complete 8 of these in groups). The purpose of the case is to capture the essence of conducting an actual audit. The objectives of the case are to:

  • help you understand the interrelationships among many audit decisions involved in audit planning, audit testing, and the formation of the auditor’s opinion,
  • help you learn how auditors make decisions and perform audits when they are confronted with information about the entire company (where some data may be irrelevant or contradictory), and
  • familiarize you with audit working papers and good working paper techniques.

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Paper Structure

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  • 3 x fifty-minute on-line lectures/activities per week
  • 1 x tutorial per week (face-to-face or via Zoom)

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Explain the purpose of auditing.
    Linked to the following assessments:
  • Apply legal and professional requirements relating to the conduct of audits within the New Zealand context.
    Linked to the following assessments:
  • Describe the audit process.
    Linked to the following assessments:
  • Develop professional judgment and interpersonal skills necessary in delivering audit services in the current business environment.
    Linked to the following assessments:
  • Practice "real world" auditing and work paper techniques.
    Linked to the following assessments:
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Assessment

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The assessments in this paper are designed to:

  1. Evaluate your understanding of auditing concepts and ability to communicate this understanding.
  2. Evaluate your ability to apply auditing concepts and theory to the practice of auditing in the business world.
  3. Assess your knowledge 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
18 Aug 2020
12:00 PM
32
  • Online: Submit through Moodle
2. Test 2
13 Oct 2020
12:00 PM
32
  • Online: Submit through Moodle
3. Integrated Audit Practice Case Assignments
20
  • Online: Submit through Moodle
4. Integrated Audit Practice Case Quiz
14 Oct 2020
11:00 AM
10
  • Online: Submit through Moodle
5. Tutorial Participation
6
  • In Class: In Tutorial
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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1. Arens, Best, Shailer, Fiedler, Elder, and Beasley (2017). Auditing, Assurance Services & Ethics in Australia.(10th Edition). Pearson Australia. (e-book available)

2. Kerr, D., Elder, R., and Arens, A. (2017). Integrated Audit Practice Case. (7th Edition). Armond Dalton Publishers. (only one copy per group; must purchase at university bookstore)

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Recommended Readings

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Other readings

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

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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 x fifty-minute lectures/activities per week
1 x tutorial per week
This paper will require substantial time to be spent outside of class working on readings, activities, cases and homework. For every hour listed above, you are expected to spend at least 3.5 hours of study/preparation. This includes, at a minimum, 3-4 hours per week working with your group on each case assignment.
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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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