FINANCIAL AUDIT II (6 SCU)

Learning Outcomes:

Upon completion of this course, students are expected to be able to analyze audit problems and construct proficiency solution through audit standards; compare and contrast all aspect of conflict of interest in audit; demonstrate ability in applying audit process to the accounting cycles; demonstrate ability in communicating audit issues in written and verbal; demonstrate ability in completing audit, reporting to management and external reporting. Students are expected to be able to apply the concepts in auditing by using the audit specific application and working papers, to perform queries and analysis of financial transactions using ACL software used by auditors to organize and evaluate information

Topics:

This course teaches students to apply audit concepts in various accounting cycles, apply sampling techniques in compiling audit evidence, and explain audit operational concept. The course also discuss about sampling in audits, sampling on control and substantive tests, auditing the revenue cycle, auditing the expenditure cycle, auditing on production and personnel service cycle, auditing the investing and financing cycle, auditing investment and cash balances, completing the audit and reporting, other assurance services, and government auditing.

Pre-requisite: Financial Audit I