Students are required to research the ASX Corporate Governance Principles and
Recommendations and discuss how adoption of each ASX Corporate Governance
principle, by the client company, will affect the auditor’s risk assessment process, the
audit approach, the audit strategy and audit evidence.
Demonstrate an understanding of the auditor’s professional, legal and ethical responsibilities to their clients and third parties (ULO 2)Understand the audit planning procedures, evaluate the business risk and assess the internal control (ULO 4)Prepare auditing procedures for transactions and balances by conducting control and substantive tests (ULO 5)
Auditors and Corporate Governance