UO Auditing Theory and Practice

Undergraduate | 2026

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area/catalogue icon
Area/Catalogue
ACCT 3003
Course ID icon
Course ID
202883
Level of study
Level of study
Undergraduate
Unit value icon
Unit value
6
Course level icon
Course level
3
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Inbound study abroad and exchange
Inbound study abroad and exchange
The fee you pay will depend on the number and type of courses you study.
Yes
University-wide elective icon
University-wide elective course
Yes
Single course enrollment
Single course enrolment
Yes
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Note:
Course data is interim and subject to change

Course overview

The aim of this course is to introduce students to the advanced concepts and current issues related to the external audit function and its role in business and the legal environment, and to familiarise students with auditing techniques, procedures and standards applied in auditing practice. The nature and purpose of audit; auditing standards and ethics; planning, risk and materiality; evaluation of accounting systems and internal control (including CIS); tests of control vs. substantive testing; audit programs; audit evidence; audit sampling; fraud and the auditor; auditing transaction cycles; completing the audit; forming an audit opinion; legal liability of auditors.

Course learning outcomes

  • Analyse the nature and purpose of auditing, the concept of true and fair in connection with financial statements and public expectations of audit reports
  • Explain the duties, responsibilities and liabilities of auditors in the current business environment
  • Identify the fundamentals of audit planning, audit risk and materiality
  • Describe the methodology involved in the review, documentation and evaluation of internal controls in accounting systems.
  • Describe the process of compiling an audit report and completing an audit engagement and make professional recommendations.
  • Demonstrate UniSA Business Enterprise Skills in the context of the Accounting discipline: i) Self Management (intermediate level); and ii) Ethical Awareness (advanced level)

Prerequisite(s)

N/A

Corequisite(s)

N/A

Antirequisite(s)

N/A