METHOD AND PRACTICE OF AUDITING (2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: LO1 – define engagement letter and audit planning; LO2 – Practice top schedule and audit working paper; LO3 – Practice substantive procedure in accounting cycles; LO4 – Practice completion of audit and report.

Topics:

1. Engagement Letter and Audit Planning;
2. Top Schedule and Audit Working Paper;
3. Testing Account Receivable;
4. Testing Inventory;
5. Testing Account Payable;
6. Testing Cash;
7. Testing Cash Equivalent;
8. Testing Other Assets;
9. Testing Non-current Asset;
10. Testing Revenue;
11. Testing Expense;
12. Completion of Audit and Report.