ACB3620 Assurance and audit services
Faculty of Business and Economics
ACB3620 Assurance and audit services is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 2 at Peninsula. It needs ACF2100, ACW2120, ACB2120, ACX2100 or ACC2100.
- Credit points
- 6
- Offered in 2022
- Semester 2
- Peninsula
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
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Requisites
Before ACB3620
Prohibitions
You can't enrol if you have passed any of these.
After ACB3620
No unit lists ACB3620 as a prerequisite in the 2022 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 11 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides an overview of the nature and purpose of audit and assurance services including the regulatory and professional environment. Auditing pronouncements and the professional, ethical and legal requirements of auditors are examined and applied to ethical issues and real-world scenarios.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
explain the assurance framework and the regulatory ethical and professional requirements applicable to assurance services
- 2
critically evaluate the demand for and the limitations of audit and assurance services
- 3
apply judgement to assess audit risk and determine the appropriateness of audit strategies and procedures, evidence gathered, and conclusions reached
- 4
demonstrate an ability to work independently and to participate effectively in diverse group tasks
- 5
apply critical thinking, problem solving, and communication skills within audit and assurance topics.
Workload and teaching
- Lectures18 hours
- Tutorials18 hours
- Teaching approachCase-based teaching
- Teaching approachProblem-based learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit includes case-based teaching, where students apply their knowledge and engage in analytical and reflective thinking to solve complex contextual scenarios. Activities are often designed so that there is not one clear answer, but students need to work together to examine, analyse and make decisions to resolve the situation.
This unit includes problem-based learning approaches, where students engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages students in actively applying their knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Required resources
Moroney, R., Campbell, F. and Hamilton, J. (2020). Auditing: A Practical Approach (4th edition). Milton, Australia: John Wiley and Sons. Interactive e-text is available from the publisher: http://www.wileydirect.com.au/buy/auditing-a-practical-approach-4th-edition/
Technology resources
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Where it fits
ACB3620 is part of 2 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Dr Daniela Juric
Common questions
What are the prerequisites for ACB3620?
You need ACF2100, ACW2120, ACB2120, ACX2100 or ACC2100 before you enrol. Enrolment rules also apply.
When is ACB3620 offered?
In 2022, ACB3620 runs in Semester 2 at Peninsula.
How much work is ACB3620?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACB3620 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACB3620?
ACB3620 is part of Accountancy.