ACC3600 Auditing and assurance
Faculty of Business and Economics
ACC3600 Auditing and assurance is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Clayton. It needs ACW2120, ACX2100, ACC2100, ACF2100 or ACB2120.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Clayton
- 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 ACC3600
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ACC3600
No unit lists ACC3600 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 12 Higher 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 encompasses the nature and purpose of audit and assurance services, and the regulatory and professional environment in which they operate. You will apply professional, ethical and legal requirements stemming from the assurance framework and applicable auditing pronouncements to 'real world' scenarios.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
critically evaluate the demand for and the limitations of audit and assurance services
- 2
explain the regulatory ethical and professional requirements applicable to assurance services
- 3
understand the assurance framework and apply judgement to determine audit strategy and procedures, appropriateness of evidence gathered and conclusions reached
- 4
analyse the auditor's role in corporate governance with emphasis on the detection and reporting of frauds and errors
- 5
apply critical thinking, problem solving and communication skills to resolve ethical dilemmas and professional issues faced by audit practitioners.
Workload and teaching
- Tutorials18 hours
- Lectures18 hours
- Teaching approachActive learning
- Teaching approachProblem-based learning
- Teaching approachCase-based teaching
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 engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit includes problem-based learning approaches, where you 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 includes case-based teaching, where you apply your 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 you need to work together to examine, analyse and make decisions to resolve the situation.
Learning resources
Required resources
Moroney, R., Campbell, F. and Hamilton, J. (2020). Auditing: A Practical Approach, 4th Edition. Milton, Australia: Wiley.
Interactive E-Text is available from the publisher Link: https://www.wileydirect.com.au/buy/auditing-a-practical-approach-4th-edition/
Where it fits
ACC3600 is part of 2 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Associate Professor Joey Huang
- Associate Professor Gladys Lee
Common questions
What are the prerequisites for ACC3600?
You need ACW2120, ACX2100, ACC2100, ACF2100 or ACB2120 before you enrol. Enrolment rules also apply.
When is ACC3600 offered?
In 2022, ACC3600 runs in Semester 1 and Semester 2 at Clayton.
How much work is ACC3600?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ACC3600 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include ACC3600?
ACC3600 is part of Accounting.