Complete Notes for Unimelb ACCT30004 Auditing and Assurance Services

Description

✔ Include detailed explanations that deliver all essence from lectures and textbook chapter readings throughout the semester ✔ Include examples and diagrams to explain the vague concepts ✔ Important concepts for exam are highlighted in yellow ✔ Include summary of approaches and exam tips to tackle exam questions. Audit is a subject where you must understand the concepts and apply approaches in the exam, instead of going through painful memorisation. ✔ Well-organised by weekly content with headings, subheadings and learning objectives Topics Include: 1. Introduction to Auditing and Assurance 2. Professional Role, Ethics and Legal Liability 3. Audit Planning - Client Acceptance and Continuance & Risk Assessment 4. Audit Planning - Risk Assessment & audit planning 5. Audit Execution - Test of controls & sampling 6. Audit Execution - Substantive Procedures and Sampling 7. Substantive Procedures & Balance Sheet Accounts 8. Substantive Procedures & Income Statement Accounts 9. Audit Conclusion - Completing the Audit NOTE: 1. Week 5 is purely practicing how to ask client questions in class. Thus no lecture content is available. 2. Week 12 is a review lecture, thus no notes is available for that week.