Audit - FI 405

Course Objectives

  1. To produce graduates who have the proficiency and ability to apply knowledge of business, management, marketing and finance to identify, formulate and solving business administration problem.
  2. To produce graduates with fundamental and diverse business knowledge who can adapt to new technologies, and have ability to apply techniques, skills and business tools necessary for business administration practice.
  3. To produce graduates with multi-disciplinary teamwork and leadership skills, as well as proficiency in written and oral communication to assure effective presentation of technical and social issues.
  4. To produce graduates who understand business practice issues, professional and ethical responsibility, contemporary issues and impact of business management solutions in a global and societal contexts.
  5. To produce graduates who are able to recognize the need to engage in lifelong learning for further personal and professional growth and development through continuing education.

Course Content

  • Corporate Governance and Audits
  • Judgmental and Ethical Decision-making Frameworks and Associated Professional Standards
  • Audit Risk, Business Risk and Audit Planning
  • Internal Control over Financial Reporting
  • Performing an Integrated Audit
  • Audit evidence: A Framework
  • Tools to gather audit evidence
  • Auditing for Fraud
  • Auditing Revenue and Related Accounts
  • Audit Acquisition and Payment Cycle and Inventory
  • Audit of Cash and Other Liquid Assets
  • Audit Long-lived assets and related expense accounts, Long-term liabilities, equity, acquisitions and related-entity transactions
  • Completing the Audit and Auditorsí report

Recommended Text:

Audrey A.Gramling, Larry E.Rittenberg, Karla M.Johnstone. Auditing. 10th Edition. South-Western Cengage Learning.2015

Mark S. Beasley, Frank A. Buckless, Steven M. Glover Douglas F. Prawitt. Auditing Cases: An Interactive Learning Approach. 6th Edition. Prentice Hall. 2014