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Course Syllabus


ACC4203 Auditing

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Code
ACC4203
Title
Auditing
Prerequisites
ACC3101 Financial Accounting II
Credits
3
Description
This course is designed to provide an introduction to auditing. Most accounting courses focus on learning the rules, techniques, and computations required to prepare and analyze financial information. Auditing focuses on learning the analytical and logical skills necessary to evaluate the relevance and reliability of the systems and processes responsible for recording and summarizing that information, as well as of the information itself. Learning auditing helps you understand how to gather and assess evidence so you can evaluate assertions made by others.
Objectives
After completing this course students should be able to: Understand the nature and importance of auditing in the society Understand the rationale for and requirements of the regulation and the auditing standards Understand the importance of professional ethics in auditing Identify different phases of the auditing process Be able to conduct risk assessment and evaluate materiality Understand the concept of internal control Apply the internal control framework in auditing Define and apply standard audit procedures Use various audit techniques for gathering audit evidence Understand the requirements for maintenance of audit documentation
Assessment
60 % -first and second assessments
40 % -final assessment
Tentative course outline
Week1
Introduction to Auditing
Week2
Professional Code of Ethics and Conduct
Week3
Professional Code of Ethics and Conduct
Week4
Professional Code of Ethics and Conduct Audit and Other Assurance Engagements
Week5
External Audit Understanding the entity
Week6
Corporate Governance
Week7
Corporate Governance
Week8
Internal Control
Week9
Internal Control
Week10
Audit Materiality
Week11
Audit Materiality
Week12
Audit Sampling
Week13
Audit Report
Week14
Going concern
Week15
Review week