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Contemporary Issues in Auditing
UoS Code ACCT6007
Credit points 6
Offered Semester 1 and Semester 2
Prerequisites ACCT6001
Corequisites
Prohibitions
Assumed Knowledge
Additional Information
Lectures 1 x 2hr or 3hr class per week; several voluntary remedial workshops on Saturdays, plus 3 mandatory Saturday case study sessions - taught in intensive mode.
Assessment Mid Semester examination; Individual project; Group presentation; Final examination
Description This unit seeks to improve students\\\' understanding of the function, nature and procedures of commercial auditing in the context of corporate financial reporting. It has particular regard to auditing business, legal and economic foundations. Recurrent reference is made to several practical and policy matters of contemporary importance to auditing and auditors, especially as they relate to the function of auditing in ensuring the quality of corporate financial statements and the role of auditors in corporate governance. Matters related to modern cases like Enron, WorldCom, HIH, One.Tel, Parmalat, China Aviation Oil and Daewoo are also discussed.