ACC302 Auditing and Assurance This subject examines the practice and scope of auditing and assurance services and provides an overview of the auditing process as practiced in Australia. It covers the auditing of general purpose financial statements, demonstrates the relationship between auditing, accounting and organisational internal control systems, and identifies the special challenges for auditing and assurance in the present environment. The subject also considers the shift from traditional auditing services in which a high level of assurance is provided to the demand for assurance of products other than the financial report.