This course examines the practice of auditing and the concepts which underlie the practice within the assurance framework. Although a large part of the course does cover the financial report audit, the other forms of audit are discussed. The course is intended to provide an overview of the audit process as it exists in Australia. The aims of the course are to develop students' understanding of the audit function; familiarise students with the professional, legal, commercial and regulatory constraints within which audits are carried out; and examine techniques used by auditors including risk analysis, evidence collection and evaluation, and audit reporting.