Refer to the specific census and withdrawal datesfor the semester(s) in which this unit is offered.
This unit focuses on computer information systems (CIS) and business cycles. The unit introduces the management of computer information systems (CIS) with a particular focus on the internal controls that should be present in a CIS environment and would be of interest to the external auditor. The important concepts and procedures to use and audit financial databases and CIS are addressed. The download of financial data and its manipulation in order to verify and audit it, as well as the performance of computer assisted auditing techniques (CAATs) on this data are examined in this unit. The influence of the internet and e-commerce on the business and auditing environments, as well as applicable legislation are also covered. In addition, this unit contains demonstrations of using spreadsheets and selected audit software often used by accountants and auditors in practice. The unit further covers business activities namely revenue and receipts, bank and cash, purchases and payments, inventory and production, payroll and personnel, and finance and investment. The unit concludes by addressing going concern, and reliance on other parties.
The learning goals associated with this unit are to:
Within semester assessment: 40% + Examination: 60%
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.