Unit Synopsis
In this unit, you will examine the professional environment of the auditor, particularly audit standards, audit practice, legal liability, ethics and current developments (e.g., Audit Expectation Gap). Audit methodology and planning, internal control assessments and exposure to influences of information technology on audit testing will also be examined. The unit material, while drawing on audit theory, is very practically based for the needs of future audit professionals. Statistical and non-statistical audit sampling is also covered in detail. With an emphasis on professional and ethical practice, you will gain an appreciation of the role and needs of audit professionals in business environments.
Details
| Level | Undergraduate |
|---|---|
| Unit Level | 3 |
| Credit Points | 6 |
| Student Contribution Band | SCA Band 4 |
| Fraction of Full-Time Student Load | 0.125 |
| Pre-requisites or Co-requisites |
Pre-requisite: ACCT11081 or ACCT19084 Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework). |
| Class Timetable | View Unit Timetable |
| Residential School | No Residential School |
Unit Availabilities from Term 2 - 2026
Attendance Requirements
All on-campus students are expected to attend scheduled classes - in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Undergraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Assessment Tasks
| Assessment Task | Weighting |
|---|---|
| 1. Practical Assessment | 15% |
| 2. Report | 40% |
| 3. Practical and Written Assessment | 45% |
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).
Past Exams
All University policies are available on the Policy web site, however you may wish to directly view the following policies below.
This list is not an exhaustive list of all University policies. The full list of policies are available on the Policy web site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Source: Student evaluation
Challenges in group assignment including finding the group members and allocations of workload
1. To support better team collaboration and communication, the group size has been reduced from three to two students. This adjustment aims to make it easier for students to manage progress and maintain effective communication within their teams. 2. Students are encouraged to begin looking for a teammate early in the term. This allows sufficient time to get to know each other and determine whether they can work well together as a team.
The team assessment requirements were revised to require groups of two to three students. This change was implemented to enhance communication, improve coordination among team members, and facilitate more effective management of group tasks. The smaller group size enabled students to collaborate more efficiently and contribute more meaningfully to assessment activities, resulting in improved group performance. The revision also appears to have positively influenced student participation, as evidenced by the high submission rate, with the majority of teams successfully completing and submitting their assessment tasks.
Source: Student evaluation
Useful learning materials
Conduct ongoing reviews of learning materials to keep current and relevant.
The unit materials have been updated with more case studies, revised assessment information sheets to make unit more contemporary and up-to-date with the new regulations and standards.
Source: Student feedback
Review of textbook and teaching & learning materials in response to the students' feedback about clear unit requirements and useful learning materials
The Unit Coordinator (UC) will review and update the units in 2027 with updated textbook and materials (including lecture recordings, lecture notes and workshop activities).
In Progress
Source: Self-reflection and student feedback
Review and enhance workshop activities by incorporating case studies and practical learning exercises that are closely aligned with assessment requirements. This approach will strengthen the connection between workshop content, assessment tasks, and professional auditing practice, enabling students to better understand the relevance and application of key concepts. Engaging with authentic auditing scenarios throughout the term will help students develop stronger analytical and problem-solving skills, improve their preparedness for assessments, and gain a deeper appreciation of how theoretical knowledge is applied in real-world auditing contexts. As a result, students are likely to experience greater engagement, confidence, and success in the unit.
The UC will review the unit materials to implement this recommendation
In Progress
On successful completion of this unit, you will be able to:
- Exercise judgement under supervision to provide possible solutions to routine audit and accounting problems in straightforward concepts using appropriate regulatory, ethical, economic and governance perspectives
- Integrate theoretical and technical audit and accounting knowledge in an audit context
- Critically apply theoretical and technical audit and accounting knowledge and skills to provide possible solutions to routine audit related issues
- Justify and communicate audit and accounting advice and ideas in straightforward contexts to assist with the decisions of users of financial reports
- Reflect on performance to identify and action learning opportunities and self-improvements.
ACCT19064 supports external accreditation requirements for business acumen, critical thinking and communication competencies.
| Assessment Tasks | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Practical Assessment | • | • | |||
| 2 - Report | • | • | • | • | • |
| 3 - Practical and Written Assessment | • | • | • | • | • |
| Graduate Attributes | Learning Outcomes | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1 - Communication | • | • | • | • | • |
| 2 - Problem Solving | • | • | • | • | |
| 3 - Critical Thinking | • | • | • | • | • |
| 6 - Information Technology Competence | • | • | |||
| 8 - Ethical practice | • | • | • | • | |
| Assessment Tasks | Graduate Attributes | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 10 | |