Auditing I

Course Coordinator: Mau Chi Fat, BBA (Hons) HKBU; MA (CurtinU, Australia); HKICPA; FCCA; ICAEW; CPA (USA)

Course Developer: Anthenian CHIU, HKMU

Advisory prerequisite(s)
You are advised to have already studied ACT B331 and ACT B332 (or ACT B301) and LAW B333 and LAW B334 (or LAW B302).

Aims
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 will also explain the 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.

Contents
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, audit procedures and documentation
• Communication of audit findings

Learning support
There will be five two-hour live online tutorials and one two-hour live online surgery via zoom.

Assessment
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).

Set book(s)
A custom textbook will be provided.