ACCT341-17A (HAM)

Auditing

20 Points

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Waikato Management School
Te Raupapa
Department of Accounting

Staff

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Convenor(s)

Vida Botes

Vida Botes
9304
MSB.3.06
Office hours to be announced
vida.botes@waikato.ac.nz

Lecturer(s)

Administrator(s)

: maxine.hayward@waikato.ac.nz

Placement Coordinator(s)

Tutor(s)

: m.corkery@hotmail.com
: aka19@students.waikato.ac.nz
: zaid8090@yahoo.com

Student Representative(s)

Lab Technician(s)

Librarian(s)

: kathryn.mercer@waikato.ac.nz
: clive.wilkinson@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5 or 9 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
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Paper Description

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WELCOME TO AUDIT: In this course we aim to develop a critical awareness of auditing by applying theory to audit practice and audit decision-making. You will be focussing on the role of the external auditor, professional expectations, professional ethics, and regulation related to the audit of financial statements. We will emphasise the key concepts of the audit process and apply audit techniques to short cases in audit and assurance services.

This is a course designed for a student new to audit, but who has a background in financial accounting, law, systems, management accounting and core management studies. This is why this paper is offered in the third year. You will be expected to draw on your learning from these other courses to inform your audit decisions. This paper meets academic requirements for entry into the accounting profession covering material classified as both introductory and advanced.

Obtain the hard-copy paper outline from the lecturer. The web version of this outline does NOT include the appendix which is REQUIRED for tutorials. While we try to ensure that the hard outline copy is final, conditions do change. Any changes to the hard copy outline, or other features of the class, will be announced in lectures. It is the sole responsibility of students to make themselves aware of any changes announced in lectures.

Deadlines matter. We suggest that you set out an assessment schedule which should include all of your classes, so that you can plan ahead. Please make yourself aware of assessment policies which are strictly followed. We recommend that you schedule your time so that there is no risk of submitting late.

Contact advice: Please make use of our office hours.

General practice is to use email for questions or points that require short objective answers. Most of us review emails once-a-day, and respond no later than the next office hour. Email courtesy (greeting, signature etc) is appreciated.

We look forward to joining with you on this audit journey and hope you find it challenging and interesting.
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Paper Structure

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  • 3 lectures per week (including in-lecture workshops).
  • 1 tutorial per week.
  • Optional activities (Computer Applications, Writing Guidance).

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • Demonstrate an understanding of the purpose of auditing.
    Linked to the following assessments:
  • Explain the nature of auditor liability.
    Linked to the following assessments:
  • Apply legal and professional requirements relating to the conduct of audits within the New Zealand context.
    Linked to the following assessments:
  • Comprehend the audit process.
    Linked to the following assessments:
  • Analyse and evaluate techniques involved in delivering assurance services.
    Linked to the following assessments:
  • Comment on current issues related to auditing
    Linked to the following assessments:
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Assessment

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The assessments in this paper are designed to:

  1. Teach you how to apply audit principles to short practice cases.
  2. Test your ability to apply theory to audit dilemmas.
  3. Improve your writing skills.
  4. Assess your knowledge, presentation and application skills.
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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 1:1. There is no final exam. The final exam makes up 50% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 1:1 or 0:0, whichever is more favourable for the student. The final exam makes up either 50% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Term Test 1
16 Mar 2017
9:00 AM
10
  • Hand-in: In Lecture
✔
2. Term Test 2
13 Apr 2017
9:00 AM
25
  • Hand-in: In Lecture
✔
3. Tutorial Presentation
10
  • In Class: In Tutorial
✔
4. Tutorial Assignment & Attendance
5
  • Hand-in: In Tutorial
5. Exam
50
✔
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Moroney, R., Campbell, F. & Hamilton, J (2017). Auditing. A Practical approach. 3 rd. Ed. Wiley

(This book is only available as an e-text)

Auditing, Assurance and Ethics Handbook (2017) Chartered Accountants Australia and New Zealand.

The hard copy of the CAANZ Handbook will be required for presentations and the exam.

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Other Resources

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LECTURES: This is where all relevant announcements about the course are made. You are expected to attend all lectures, and you are responsible for obtaining information and material presented there.

LECTURES ONLINE: Selected lecture notes are made available online as advised in lecture. They are NOT a substitute for reading the text or attending lectures.

STAFF OFFICE HOURS: Teaching staff hold office hours which you are encouraged to use for questions. Times will be provided online. As we are not available outside these hours (except by appointment), you should take advantage of these times. See 'Assessments' and the 'Introduction' for email contact and special consideration policies.

COMPUTER PROBLEMS OR COMPUTER LAB ASSISTANCE: This is provided by the computer lab staff team (not the teaching staff). You are strongly advised to BACK UP any files you are working on, and to use labs and computers well in advance of due dates to accommodate the possibility of equipment failure. Meeting due dates is, of course, your responsibility.
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Online Support

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If you require online support for myweb please email helpdesk at: itshelp@waikato.ac.nz
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Workload

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3 lectures per week (including in-lecture workshops).
1 tutorial per week.
Optional activities (Computer Applications, Writing Guidance).
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Linkages to Other Papers

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Prerequisite(s)

ACCT202

Corequisite(s)

Equivalent(s)

Restriction(s)

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