MBR511 - Auditing Issues for Research Projects

Credit points: 20

Workload: 60 contact hours

Prerequisite: None

Co-requisite: N/A

Aims & objectives

This unit examines the latest approaches and research opportunities for financial auditing processes, including regulation and considers issues such as ethics, independence corporate governance. It explores the research opportunities around evaluating business risk, assessing internal control and reporting.

Learning outcomes

At the completion of this unit students should be able to:

  1. Interpret the legal and ethical requirements involved in an audit and apply them to diverse situations.
  2. Compare and contrast organisational and auditor audit responsibilities.
  3. Identify the issues associated with planning and executing an audit.
  4. Identify and critically evaluate the risks inherent in an audit.
  5. Evaluate current and future auditing issues.

Assessment

Textbook and reference materials

Gay, G, & Simnett, R. (2018). Auditing and Assurance Services in Australia (7th edition). McGraw-Hill Higher Education, Australia.

Graduate attributes

MIT is committed to ensure the course is current, practical and relevant so that graduates are “work ready” and equipped for life-long learning. In order to accomplish this, the MIT Graduate Attributes identify the required knowledge, skills and attributes that prepare students for the industry.
The level to which Graduate Attributes covered in this unit are as follows:

Ability to communicate Independent and lifelong learning Ethics Analytical and problem solving Cultural and global awareness Team work Specialist knowledge of a field of study

Legend

Levels of attainment Extent covered
The attribute is covered by theory and practice, and addressed by assessed activities in which the students always play an active role, e.g. workshops, lab submissions, assignments, demonstrations, tests, examinations.
The attribute is covered by theory or practice, and addressed by assessed activities in which the students mostly play an active role, e.g. discussions, reading, intepreting documents, tests, examinations.
The attribute is discussed in theory or practice; it is addressed by assessed activities in which the students may play an active role, e.g. lectures and discussions, reading, interpretation, workshops, presentations.
The attribute is presented as a side issue in theory or practice; it is not specifically assessed, but it is addressed by activities such as lectures or tutorials.
The attribute is not considered, there is no theory or practice or activities associated with this attribute.