AUDITING AND ASSURANCE SERVICES

Course Description

The aim of this course is to provide students with knowledge of basic auditing concepts, and teach them the requirements of an audit and assurance system. International auditing standards and the audit procedures will also be analyzed. This course will also provide the detailed knowledge regarding the audit cycle needed to perform a basic accounting audit. On successful completion of this course, all students will have developed knowledge and understanding of: An Introduction to assurance and financial statement auditing, The financial statement auditing environment, Audit planning, types of audit tests and materiality, Risk assessment, Evidence and documentation, Internal control in a financial statement audit, Auditing internal control over financial reporting and Audit sampling e.t.c..

AUDITING AND ASSURANCE SERVICES

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 Demonstrate an understanding of fundamental audit and assurance concepts
2. 02 Apply a range of auditing procedures.
3. 03 Apply internationally accepted and approved auditing standards
4. 04 Demonstrate an understanding of the legal and procedural context in which auditing occurs
5. 05 Demonstrate an understanding of the importance of professional ethics and apply the profession's code of ethics
6. 06 Undertake research on significant auditing and assurance issues
7. 07 Apply critical thinking skills and solve auditing problems through the use of case studies
8. 08 Understand how to stay abreast of developments in auditing theory and practice
9. 09 Demonstrate an understanding of the role of audits in society
10. 10 Work in a collegiate manner.

Course Syllabus

Reference Books & Course Materials

1. 01 Whittington and Panny, Principles of Auditing & Other Assurance Services, 20th Edition, McGraw Hill
2. 02 Eilifsen, Messier, Glover, and Prawitt, Auditing & Assurance Services, 3rd International Edition, McGraw Hill

Learning Outcomes

1. L01 Demonstrate an understanding of fundamental audit and assurance concepts
2. L02 Apply a range of auditing procedures.
3. L03 Apply internationally accepted and approved auditing standards
4. L04 Demonstrate an understanding of the legal and procedural context in which auditing occurs
5. L05 Demonstrate an understanding of the importance of professional ethics and apply the profession's code of ethics
6. L06 Undertake research on significant auditing and assurance issues
7. L07 Apply critical thinking skills and solve auditing problems through the use of case studies
8. L08 Understand how to stay abreast of developments in auditing theory and practice
9. L09 Demonstrate an understanding of the role of audits in society
10. L10 Work in a collegiate manner.

Program Outcomes

1. P01 PO1 Become competent in searching and comprehending the relevant academic articles, interpreting the information learnt or obtained via various channels and absorbing exceptional knowledge in their field.
2. P02 PO2 Devoted themselves to be a qualified researcher and knowledge worker in their field all throughout their life and career.
3. P03 PO3 Demonstrated that they developed their individual capabilities through written projects, assignments and presentations that they will independently implement both in academia and work contexts.
4. P04 PO4 Gained key practical skills and knowledge which need to be implemented in their own research and business work environment.
5. P05 PO5 Been able to implement critical and analytical thinking and analyses into their studies, research and work.
6. P06 PO6 Become proficient in adopting the gained knowledge into practice and research in a critical, and analytical way.
7. P07 PO7 Become experts in using information technology tools for their studies, research and workplace in an ethical and safely environment by sharing and transferring their knowledge.
8. P08 PO8 Succeeded in working, researching and forming partnerships with their colleagues/team members in a global environment.
9. P09 PO9 Proved themselves capable of disseminating and sharing knowledge, sustainingly communicating with others, in any global workplace or research setting.
10. P10 PO10 Become capable of interpreting and transferring their qualified knowledge into practice and research.
11. P11 PO11 Dedicated themselves to applying advanced academic studies and enrolled themselves in work or non-work projects related to environmental approaches and ethical issues.

Po-Lo Matrix