Course Coordinator: Mabel Lam, BComm, DipAdEd (UBC); MPET (Deakin); CPA; CA (Canada); FCPA
Course Developer: Charles Fung, Consultant
You are advised to have already studied ACT B331 and ACT B332 (or ACT B301) and LAW B333 and LAW B334 (or LAW B302).
This course aims to introduce the concept of financial statement auditing, its function and importance in the business environment, and the role and duties of an auditor. The course includes key auditing principles and concepts and refers to the auditing and assurance standards as set out by the Hong Kong Institute of Certified Public Accountants.
This course covers the following topics:
- An overview of the audit function and professional ethics
- Risk assessment and risk response
- Internal control systems and evaluation
- Audit evidence and audit procedures
- Communication of audit findings
There will be four three-hour tutorials.
There are two assignments and one examination. Students must use word processing software (such as Microsoft Word) to prepare the assignments, and submit the assignments via the Online Learning Environment (OLE).
Lau, P T Y and Lam, N C Y(2017) Auditing & Assurance in Hong Kong, 5th edn, Pilot Publishing Co. Ltd.
Elder, R J, Beasley, M S, Hogan, C E and Arens, A A (2020) Auditing and Assurance Services, Global Edition, 17th edition, Pearson (Intl).