澳大利亚auditing ESSAY School of Accounting & Finance(7)

Section A: General Information
Learning Outcomes and Graduate Qualities
Student Learning Outcomes

On successful completion of this subject, students should be able to:
1. Demonstrate an understanding of the role and duties of current day auditor’s and show an appreciation for the recent change in the traditional duties of auditors.
2. Demonstrate an understanding of contemporary risk and assurance approaches to audit.
3. Demonstrate a working knowledge of Australian Auditing standards and auditors’ professional and legal duties, responsibilities and legal and civil liability incorporated by recent regulatory reforms.
4. Apply concepts of assurance, compliance and business risk to the auditing process.
5. Identify, analyse and interpret red flags indicative of irregularities, including fraudulent and non-fraudulent activities, financial statement manipulation and poor corporate governance.