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


Past Exam Trend


Course Outline:

Part I Auditors' Responsibilities and Audit Approach

Chapter 1 Audit Objectives and Audit Process

                

Chapter 2 Regulatory Framework of Auditing

                

Chapter 3 Professional Ethics

                Answers

Chapter 4 Materiality and Risk

                Answers

Chapter 5 Audit Planning and Documentation

                Answers

Chapter 6 Audit Evidence and Audit Testing

                Answers

Chapter 7 Audit Sampling

                Answers

Chapter 8 Internal Control Evaluation

                Answers

Part II Audit of Business Cycles

Chapter 9 Sales and Collection Cycle

                Answers

Chapter 10 Purchase and Payment Cycle

                Answers

Chapter 11 Payroll and Personnel Cycle

               Answers

Chapter 12 Inventory and Production Cycle

               Answers

Part III Audit of Operations and Balance Sheet Items

Chapter 13 Audit of Non-current Assets

               Answers

Chapter 14 Audit of Cash and Bank Balances

               Answers

Chapter 15 Audit of Operations and Other items of Statement of Financial Positions

               Answers

Part IV Completion of Audit and Reporting

Chapter 16 Contingencies and Subsequent Events

               Answers

Chapter 17 Final Review of Financial Statements

               Answers

Chapter 18 Communication with Management and those Charged with Governance

 

Chapter 19 Auditors' Report

               Answers

Part V Computer Audit

Chapter 20 Audit under Computerized Environment

               Answers

Chapter 21 Computer Auditing Techniques


Part VI Information Systems Development

Chapter 22 Information Systems Strategies

              Answers

Chapter 23 System Development Process

              Answers


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

 

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Prepared by: Harris Lui

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