AUD589: Auditing 1 / Faculty of Accountancy

This course is an introductory course in auditing and it introduces students to the fundamental principles and concepts of auditing. The emphasis shall be given on external auditing as required by the Companies Act 2016. The course explains the roles and responsibilities of accountants in public practice, and the task involved in carrying out auditing engagement. The coverage of the course includes overview on the relevant regulations in auditing, fundamental requirements of audit planning and fieldwork, methodology of auditing financial statement cycles and issuance of auditor’s report. The basic knowledge on auditing acquired from this course will be expanded in the advanced auditing course. Teaching and learning processes shall involve interactive lecture engagement, collaborative learning through case study and simulation of report writing and presentation. Students shall be assessed via continuous assessment and final examination.