The document provides information about an audit and assurance unit. It outlines that students should download the unit outline and week 1 document from Blackboard. It details the assessment breakdown including tutorial questions worth 20% and an assignment worth 20%. The document provides grading criteria for tutorials and assignments. It also includes detailed CRA sheets that students are to complete individually to provide peer feedback on groupwork assessments.

3. CRA sheet Tutorial - draft Criteria Unsatisfactory 0 1 Low Pass – Pass 1.25 1.5 Above Average 1.75 2 Excellent 2.25 2.5 Mark Knowledge and Understanding Demonstrated little understanding of relevant concepts and principles. Demonstrated some understanding of relevant concepts and principles, using simple examples. Demonstrated a good understanding of relevant concepts and principles, through explanation and examples. Demonstrated a comprehensive understanding of relevant concepts and principles, through depth of explanation and linking knowledge and examples. /2.5 Analysis and Communication Provided incomplete summary of the questions. No logical argument was presented leading to a satisfactory conclusion. Identified information from the questions relevant to the problem. There was some evidence of logical argument leading to a conclusion. Identified and analysed information from the questions relevant to the problems. There was good evidence of logical argument leading to and supporting conclusions. Relevant information from the questions was identified and analysed comprehensively. Strong evidence of a logical argument that led to and supported conclusions. /2.5 Mark out of 5 OR Criteria Unsatisfactory 1 2 Low Pass – Pass 2.25 3 Above Average 3.25 4 Excellent 4.25 5 Mark Technology Application Demonstrated a lack of proficiency in the use of audit software and summarising results Demonstrated competence in the use of audit software and summarising results Demonstrated proficiency in the use of audit software and summarising results Demonstrated high proficiency in the use of audit software and summarising results /5 Mark out of 5 /5

4. CRA sheet Assignment - draft Criteria Unsatisfactory 0 1.75 Low Pass – Pass 2 3 Above Average 3.25 4 Excellent 4.25 5 Mark Knowledge and Understanding Demonstrated little understanding of relevant concepts and principles. Demonstrated some understanding of relevant concepts and principles, using simple examples. Demonstrated a good understanding of relevant concepts and principles, through explanation and examples. Demonstrated comprehensive understanding of the concepts and principles by thorough explanations. Linked knowledge to examples. /5 Unsatisfactory 0 3 Low Pass – Pass 3. 25 6 Above Average 6 .25 9 Excellent 9.25 11 Analysis and Communication Provided a summary of the case but no logical argument was presented leading to a satisfactory conclusion. Did not use clear presentation methods and wrote in an unclear and unstructured manner with unsatisfactory spelling, punctuation, and grammar. Did not acknowledge sources. Identified information from the case relevant to the problem. Showed some evidence of logical argument leading to a conclusion. Wrote in a clear and structured manner with satisfactory spelling, punctuation, and grammar. Acknowledged sources. Identified and analysed information from the case relevant to the problem. There was good evidence of logical argument leading to and supporting a conclusion. Communicated well using appropriate presentation methods and wrote in a clear, logical and structured manner with good spelling, punctuation, grammar and referencing. Relevant information from the case was identified and analysed comprehensively. Strong evidence of a logical argument that led to and supported a conclusion. Communicated effectively using appropriate presentation methods and wrote in a clear, logical and structured manner with very good spelling, punctuation, grammar and referencing. /11 Unsatisfactory 0 1 Low Pass – Pass 1.25 2 Above Average 2.25 3 Excellent 3.25 4 Groupwork Did not form a group, attend meetings or perform work allocated. Contributed nothing to all aspects. Failed to cooperate Attended some meetings. Performed a little of the work allocated. Contributed and cooperated minimally to all aspects. Attended most meetings. Performed most of the work allocated to them. Contributed and cooperated moderately to all aspects. Attended almost all meetings. Performed all work allocated. Contributed and cooperated equally to all aspects. /4 Total Mark 20 * If groupwork mark (out of 4), is significantly different from other group members, content mark (out of 16) may be reduced accordingly after review with unit coordinator. /20

7. Chapter 1 The Importance of Auditing

32. Corporations act Audit Provisions Qualifications Appointment Removal Powers & Duties Reporting Auditing Standards Accounting Provisions Accounting Standards Reliable financial reports Director Responsibilities

33. Auditing standards (p.12) Represent MINIMUM standards of performance for auditors Standards are divided into: Introduction Responsibilities Planning Risk Audit Evidence Conclusions/ reporting Using the work of others Other

34. Chapter 3 Ethics: Understanding and Meeting Ethical Expectations

35. Ethical conduct of professionals The term ‘ Professional’ implies special responsibility for conduct through the need for ‘public confidence’ in the quality of service Public confidence is enhanced when the profession encourages high standards of performance

37. Code of professional conduct Ethical rules Members are required to follow the ethical rules Members face disciplinary measures for non-compliance

38. Fundamental principles of professional conduct APES 110 Sec 100.4 1. Integrity Auditors must be straightforward, honest & sincere in their professional work Auditors must not allow prejudice, conflict of interest or bias to override objectivity 2. Objectivity

39. Fundamental principles of professional conduct APES 110 Sec 100.4 3. Professional Competence and Due Care Auditors must perform professional services with due care, competence & diligence and comply with technical & professional standards Auditors must respect the confidentiality of information acquired in their work 4. Confidentiality

40. Fundamental principles of professional conduct APES 110 Sec 100.4 5. Professional behaviour Auditors must comply with Laws and Regulations and refrain from any conduct that might bring discredit