KING’S OWN INSTITUTE*
Success in Higher Education
ACC300 AUDITING AND ASSURANCE SERVICES T220 02/07/2020 11:59 PAGE 1 OF 14
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ACC300 AUDITING AND ASSURANCE SERVICES T220
All information in the Subject Outline is co
ect at the time of approval. KOI reserves the right to make changes to the Subject
Outline if they become necessary. Any changes require the approval of the KOI Academic Board and will be formally advised
to those students who may be affected by email and via Moodle.
Information contained within this Subject Outline applies to students enrolled in the trimester as indicated
1. General Information
1.1 Administrative Details
Associated HE Award(s) Duration Level Subject Coordinator
B Bus (Accg) 1 trimester Level 3 Dr Demi Chung
XXXXXXXXXX
P: XXXXXXXXXX
L: Level 1, 545 Kent St.
Consultation: via Moodle or
y appointment
1.2 Core/Elective
This is a core subject for B Bus (Accg).
1.3 Subject Weighting
Indicated below is the weighting of this subject and the total course points.
Subject Credit Points Total Course Credit Points
XXXXXXXXXX4 B Bus (Accg) 96
1.4 Student Workload
Indicated below is the expected student workload per week for this subject.
No. Timetabled Hours/Week* No. Personal Study
Hours/Week**
Total Workload
Hours/Week***
4 hours/week
(2 hour Lecture + 2 hour Tutorial)
6 hours/week 10 hours/week
* Total time spent per week at lectures and tutorials
** Total time students are expected to spend per week in studying, completing assignments, etc.
*** Combination of timetable hours and personal study.
1.5 Mode of Delivery Blended, that is face-to-face/online
1.6 Pre-requisites ACC100 Introduction to Accounting and ACC101 Introduction to Financial
Accounting and ACC201 Financial Accounting
1.7 General Study and Resource Requirements
o Students are expected to attend classes with the weekly worksheets and subject support material
provided in Moodle. Students should read this material before coming to class to improve their ability to
participate in the weekly activities.
o Students will require access to the internet and their KOI email and should have basic skills in word
processing software such as MS Word, spreadsheet software such as MS Excel and visual
presentation software such as MS PowerPoint.
o Computers and WIFI facilities are extensively available for student use throughout KOI. Students are
encouraged to make use of the campus Li
ary for reference materials.
Approved by KOI Academic Board for T2 2020
mailto: XXXXXXXXXX
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Resource requirements specific to this subject: Students should have a non-programmable calculator.
Applications in smart phones will not be sufficient to perform the required calculations.
2. Academic Details
2.1 Overview of the Subject
This subject examines the audit and assurance environment in which organisations operate. Critical issues
elating to professional ethics, the legal liability of auditors, audit planning and client evaluation are explored.
The roles and responsibilities of auditors as well as the technical aspects of audit and auditing principles are
examined.
2.2 Graduate Attributes for Undergraduate Courses
Graduates of the Bachelor of Business (Accounting), and the Bachelor of Business (Management and
Finance) courses from King’s Own Institute will achieve the graduate attributes expected from successful
completion of a Bachelor’s degree under the Australian Qualifications Framework (2nd edition, January 2013).
Graduates at this level will be able to apply an advanced body of knowledge in a range of contexts for
professional practice or scholarship and as a pathway for further learning.
King’s Own Institute’s key generic graduate attributes for a bachelor’s level degree are summarised below:
Across the course, these skills are developed across 3 levels. These are:
o Level 1 Foundation – Students learn the basic skills, theories and techniques of the subject and apply
them in basic, stand-alone contexts.
o Level 2 Intermediate – Students further develop skills, theories and techniques of the subject and
apply them in more complex contexts, beginning to integrate the application with other subjects.
o Level 3 Advanced – Students have a demonstrated ability to plan, research and apply the skills,
theories and techniques of the subject in complex situations, integrating the subject content with a
ange of other subject disciplines within the context of the course.
KOI Bachelor Degree
Graduate Attributes Detailed Description
Knowledge Cu
ent, comprehensive and coherent knowledge
Critical Thinking Critical thinking and creative skills to analyse and synthesise information and evaluate new problems
Communication
Communication skills for effective reading, writing, listening and
presenting in varied modes and contexts and for transfe
ing
knowledge and skills to a variety of audiences
Information Literacy Information and technological skills for accessing, evaluating, managing and using information professionally
Problem Solving Skills
Skills to apply logical and creative thinking to solve problems and
evaluate solutions
Ethical and Cultural
Sensitivity
Appreciation of ethical principles, cultural sensitivity and social
esponsibility, both personally and professionally
Teamwork Leadership and teamwork skills to collaborate, inspire colleagues and manage responsibly with positive results
Professional Skills
Professional skills to exercise judgement in planning, problem
solving and decision making
Approved by KOI Academic Board for T2 2020
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*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: XXXXXXXXXXCRICOS 03171A
2.3 Subject Learning Outcomes
This is a Level 3 subject.
Listed below, are key knowledge and skills students are expected to attain by successfully completing this
subject:
Subject Learning Outcomes Contribution to Graduate Attributes
a) Analyse various audit standards, procedures and audit
environments
) Critically evaluate internal controls, testing procedures and
audit sampling techniques
c) Examine audit situations leading to a range of audit
opinions
d) Critically review ethical issues in an audit environment.
2.4 Subject Content and Structure
Below are details of the subject content and how it is structured, including specific topics covered in
lectures and tutorials. Reading refers to the text unless otherwise indicated.
Weekly Planner:
Week
(beginning) Topic covered in each week’s
lecture Reading(s)
Expected work as
listed in Moodle
1
06 Jul
Auditing, assurance services and their
evolution
Ch. 1
ASA 101;
ASA 200
Tutorial exercises
2
13 Jul
Audit regulation, structure of the
profession and auditors’ liability
Ch. 2
ASQC 1;
APES 210;
APES 320
Tutorial exercises
3
20 Jul
Ethics, independence and corporate
governance
Ch. 3
APES 110;
APES 320;
ASA 102;
ASA 200;
ASA 240
Tutorial exercises
4
27 Jul
Audit responsibilities, objectives and
fraud
Ch. 4
ASA 200;
ASA 230;
ASA 315;
ASA 320;
ASA 330;
ASA 500;
ASA 580;
ASA 600
Assessment 1: Online Quiz 1
due on Moodle
Tutorial exercises
5
03 Aug
Audit evidence, planning and risk
assessment
Chs. 5, 6
ASA 210;
ASA 220;
ASA 300;
ASA 315;
ASA 510;
ASA 710;
ASQ C 1
Tutorial exercises
Approved by KOI Academic Board for T2 2020
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6
10 Aug Mid trimester test Mid trimester exams
16 Aug 2020
–
23 Aug 2020
Mid-trimester
eak
7
24 Aug
Assessing internal control and control
testing
Chs. 7, 8
ASA 300;
ASA 315;
ASA 402;
ASA 500;
ASA 610
Tutorial exercises
8
31 Aug
Testing strategies: audit sampling and
substantive testing
Chs.12, 14
ASA 315;
ASA 330;
ASA 500;
ASA 520;
ASA 530;
ASA 560;
ASA 620
Tutorial exercises
9
07 Sep
Audit finalisation, completion and
eviews
Ch. 17
ASA 570;
ASA 580;
ASA 720;
ISA 501;
AASB 110;
AASB 124;
AASB 137
Tutorial exercises
Defe
ed mid trimester exams
for all subjects - see Section
2.6 below for more information
10
14 Sep
Auditor’s reporting obligations to stake
holders
Ch. 18
ASA 101;
ASA 260;
ASA 700;
ASA 701
ASA 705;
ASA 706
Tutorial exercises
11
21 Sep
Contemporary assurance services and
internal auditing
Ch. 19
ASA 800;
ASA 805;
ASA 810
Assessment 1: Online Quiz 2
due on Moodle
Assessment 3 due:
Group assignment - Case
Study.
Tutorial exercises
12