ACC305 – Auditing and
Professional Practice
Unit Outline – 2015

Unit Coordinator: Dr Chun Jiang (PhD, FCPA)
1|P age

Introduction
Welcome to Elite Education and ACC305 – Auditing and Professional Practice. This document provides you with information relevant to successful completion of this unit; including schedule of lecture topics, prescribed texts, assessment policies, assessment tasks, examinations, academic and administrative contacts and online learning support facilities. Student Handbook and Administration Office
The Elite Student Handbook provides valuable general information for students and a printed copy will be provided to you. In addition, the Institute staff are available to assist you personally during office hours.
Office Contact Details:
Elite Education Institute
1 James Place, North Sydney,
NSW 2060
Tel: 02 9212 2120
Unit Overview
This unit introduces the major conceptual and technical aspects of auditing and assurance services. Accordingly, the unit provides critical insights into the auditor's legal and societal role, the underlying conceptual theory of auditing, professional auditing techniques, and contemporary auditing issues. The core theme of this unit is the external audit of corporations, from initial planning to final reporting in the context of a professional environment. Assumed Knowledge
Prerequisite:
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ACC101 – Fundamentals of Accounting I,
ACC102 – Fundamentals of Accounting II, and
ACC204 – Advanced Financial Accounting

Student learning outcome
After successfully completing this unit, a student will be able to:

Graduate Attribute achieved

A. Explain and analyse the nature, underlying concepts and principles of auditing

Disciplinary knowledge,
Critical thinking

B. Describe and evaluate the regulatory, professional, and societal roles and responsibilities of the auditor