Auditing II

Course Coordinator: Anthenian Chiu, BBA (Hons), MBA (CUHK); CPA (HKICPA)

Course Developer: Anthenian Chiu, HKMU

Advisory prerequisite(s)
You are advised to have already studied ACT B331 and ACT B332 (or ACT B301), LAW B333 (or LAW B302) and ACT B416.

Aims
This course aims to build on the auditing concepts that learners acquired in ACT B416 and apply them to specific business processes or transaction cycles. The course explains the professional duties and liabilities of an auditor and addresses contemporary issues in auditing.

Contents
The course covers the following topics:

• The auditor’s professional responsibilities and legal liabilities
• Quality management, corporate governance and enterprise risk management
• Audit sampling and accounting cycles
• Substantive test on financial statement line items and auditing disclosures
• Auditing in an IT environment and advanced auditing situations

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.