ACC707 Auditing and Assurance T121
All information in the Subject Outline is correct 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
Master of Accounting Master of Professional Accounting
1.2 Core / Elective This is a core subject for the above courses. 1.3 Subject Weighting Indicated below is the weighting of this subject and the total course points.
Subject Credit Points Total Course Credit Points
4 MAcc 48; MPA 64
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***
3 hours/week plus supplementary online material
7 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 Online (face-to-face teaching temporarily suspended due to COVID-19) 1.6 Pre-requisites ACC700 Principles of Accounting, ACC701 Financial Accounting
BUS702 Business Law and ACC704 Companies and Securities Law 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 Library for reference materials.
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 in class.
Approved by KOI Academic Board for T1 2021
2. Academic Details 2.1 Overview of the Subject This subject considers primarily the role of the auditor in the external audit of corporate financial statements, but also looks at risk assessment, system reliability and detection and prevention of fraud more broadly. It builds on the knowledge of accounting standards and studies the roles and responsibilities of the auditor, auditing principles and standards, and the application of those standards, particularly in an electronic environment.
2.2 Graduate Attributes for Postgraduate Courses Graduates of Postgraduate courses from King’s Own Institute will achieve the graduate attributes expected from successful completion of a Master’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 from their major area of study in a range of contexts for professional practice or scholarship and as a pathway for further learning. King’s Own Institute’s generic graduate attributes for master’s level degree are summarised below:
Across the course, these skills are developed progressively at three levels:
o Level 1 Foundation – Students learn the skills, theories and techniques of the subject and apply them in 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 range of other subject disciplines within the context of the course.
KOI Master’s Degree Graduate Attributes
Detailed Description
Knowledge Current, comprehensive and coherent knowledge, including recent developments and applied research methods
Critical Thinking Critical thinking skills to identify and analyse current theories and developments and emerging trends in professional practice
Communication
Communication and technical skills to analyse and theorise, contribute to professional practice or scholarship, and present ideas to a variety of audiences
Research and Information Literacy
Cognitive and technical skills to access and evaluate information resources, justify research approaches and interpret theoretical propositions
Creative Problem Solving Skills
Cognitive, technical and creative skills to investigate, analyse and synthesise complex information, concepts and theories, solve complex problems and apply established theories to situations in professional practice
Ethical and Cultural Sensitivity
Appreciation and accountability for ethical principles, cultural sensitivity and social responsibility, both personally and professionally
Leadership and Strategy
Initiative, leadership skills and ability to work professionally and collaboratively to achieve team objectives across a range of team roles Expertise in strategic thinking, developing and implementing business plans and decision making under uncertainty
Professional Skills High level personal autonomy, judgement, decision-making and accountability required to begin professional practice