2007 Handbooks

This unit is primarily concerned with the external audit of corporate financial statements. The lectures presented are structured to correspond with audit methodology used in practice and integrate Australian Auditing Standards. The unit deals with the various activities undertaken by auditors. The main stages of the audit process are addressed, including planning, gathering and evaluating audit evidence (including performance of tests of controls and substantive audit procedures), and the formation of the audit opinion. Topics such as analytical procedures and computer-assisted audit techniques are not treated as separate topics, but are covered as required throughout the unit. Other topics, including auditors' legal responsibilities, ethics and audit sampling, are dealt with as special topics. The lectures mainly deal with the concepts underlying the methodology, while the tutorial material is designed to demonstrate how the methodology is applied in practical situations.