Auditing & Assurance Services in Australia (Pack - includes Connect)

Grant Gay, MEc Monash, FCA, is an associate professor in the Department of Accounting and Finance at Monash University, specialising in auditing and financial accounting. He is a former audit partner with KPMG and has extensive Australian and international audit experience. Grant is a former member of the Australian Auditing and Assurance Standards Board, as well as being an experienced facilitator in the CA Program and an author in the CPA Program. He researches actively in the audit area and has published numerous refereed articles. ROGER SIMNETT, PhD, UNSW, is a Professor in the School of Accounting at The University of New South Wales. He teaches and researches in the financial accounting and auditing areas and has recently become the first academic appointed as a member of the International Auditing and Assurance Standards Board (IAASB). Roger has a background in standard setting, including his time spent on the Australian Auditing and Assurance Standards Board from 1995-1999.

Part 1: The auditing and assurance services profession
1. Assurance and auditing: an overview
2. Audit regulation, structure of the profession and auditor's liability
3. Ethics, independence and corporate governance

Part 2: Planning and risk assessment
4. Overview of elements of the financial report audit process
5. Planning, understanding the entity and assessing business risk
6. Assessing inherent risk, and other specific business risks
7. Understanding and assessing internal control

Part 3: Response to assessed risks: tests of controls and tests of details 
8. Tests of controls
9. Substantive tests of transactions and balances
10. Audit sampling

Part 4: Completion and communication
11. Completion and review
12. The auditor’s reporting obligations

Part 5: Other assurance services
13. Other assurance services and advanced topics
14. Internal auditing
15. Audit and assurance services in the public sector

Appendix: Continuous case study: background information