Core 6: Audit and Risk
Apply professional judgement and professional scepticism when conducting an audit of general purpose financial statements
IN BRIEF
- Integrate practical and technical skills in the audit of financial statements
- Identify and assess risks and controls
- Work towards your Graduate Diploma of Chartered Accounting
Subject description
Audit and Risk equips you with the knowledge and skills to apply professional judgement and professional scepticism when auditing general purpose financial statements. You’ll learn to identify and assess risks and controls, considering the impact of changes within an entity and its broader environment. Throughout the subject, you’ll apply your learning through activities and assessments that simulate real-world audit experiences while developing your communication and collaboration skills in the context of common audit challenges.
Topics covered
- Plan the audit
- Perform the audit
- Finalise the audit
Subject learning outcomes
On completion of this subject, you will be able to:
- Apply practical and technical skills in the audit of financial statements
- Apply professional judgement and professional scepticism in conducting an audit of financial statements
- Evaluate the broad impact of changes in an entity and its environment
- Collaborate and communicate with a variety of stakeholders.
Course structure and format
This 9-week course is one of seven core subjects of the Chartered Accountants Program.
Enjoy supported learning via an online learning platform and interactive resources, featuring:
- Online communities for networking with peers
- Technical discussion forums with specialist Chartered Accountants
- Peer discussion forums
- Comprehensive study materials and assessment preparation resources
- Real world case studies, examples and activities
- Virtual sessions and recordings with real-world worked examples and activities based on integrated, complex scenarios.
What you need to know
Important subject download
Please note: The course information shown here is indicative only. For each term, the official subject outline, including reading materials, assessment requirements, and other key details, will be provided to enrolled students through the My Capability Learn portal. The official subject outline may contain updates or changes to the information displayed here and serves as the authoritative reference for all course matters.
