Aim: This subject aims to provide students with a general knowledge of the regulatory, legal and reporting framework of auditing in HK and an understanding of the basic principles of auditing and to test students' ability to understanding information as a key resource and asset of all kinds of organizations and to appreciate how management information systems with the appropriate technologies can create value and improve the competitive advantage of organizations.
Examination Format (3 hours):
Section A: One question (compulsory) 40 marks
Section B: 3 out of 4 questions (20 marks each) 60 marks
Course Outline:
Part I Auditors' Responsibilities and Audit Approach
Chapter 1 Audit Objectives and Audit Process
Chapter 2 Regulatory Framework of Auditing
Chapter 4 Materiality and Risk
Chapter 5 Audit Planning and Documentation
Chapter 6 Audit Evidence and Audit Testing
Chapter 8 Internal Control Evaluation
Part II Audit of Business Cycles
Chapter 9 Sales and Collection Cycle
Chapter 10 Purchase and Payment Cycle
Chapter 11 Payroll and Personnel Cycle
Chapter 12 Inventory and Production Cycle
Part III Audit of Operations and Balance Sheet Items
Chapter 13 Audit of Non-current Assets
Chapter 14 Audit of Cash and Bank Balances
Chapter 15 Audit of Operations and Other items of Statement of Financial Positions
Part IV Completion of Audit and Reporting
Chapter 16 Contingencies and Subsequent Events
Chapter 17 Final Review of Financial Statements
Chapter 18 Communication with Management and those Charged with Governance
Part V Computer Audit
Chapter 20 Audit under Computerized Environment
Chapter 21 Computer Auditing Techniques
Part VI Information Systems Development
Chapter 22 Information Systems Strategies
Chapter 23 System Development Process
Revisions
Revision - Part I
Revision - Part I Answers
Revision - Part II
Revision - Part II Answers
Revision - Part III
Revision - Part III Answers
Revision - Part IV
Revision - Part IV Answers
Revision - Part V
Revision - Part V Answers
Revision - Part VI
Revision - Part VI Answers
Revision - Part VII
Revision - Part VII Answers
Prepared by: Harris Lui