Foreign Trade University (FTU) Faculty of Business Administration (FBA) Accounting and Auditing Department

FUNDAMENTALS OF AUDITING
Academic year 2013 Instructor Office Telephone Email : MSc. L Th Thu : Faculty of Business Administration, 2nd Floor, B Building : 091 904 2332/ 04 3835 6800 (Ext: 525) : thult@ftu.edu.vn, thu.le.qtkd@gmail.com

COURSE OBJECTIVES The module will cover the most fundamentals of auditing. After finishing this module students are expected to be able to understand types of audit as types of auditors, explain the economic rationale for audit as well as their requirement. Students also are expected to describe and understand the overall audit process and works need to be done in each stage. LEARNING OUTCOMES The learning objectives for each topic in this module are stated clearly in the lecture materials attached hereby. PREREQUISITES Students must have certain knowledge of accounting. Understanding the financial statements and the analysis of financial statements will be the advantage. ESSENTIAL TEXTS Arens A. A., Elder R. J., and Beasley M. S., 2012, Auditing and assurance services An integrated approach, 14th edition. Prentice Hall.

ADDITIONAL TEXT

ACCA Paper F8.

GRADES Attendances Midterm test/Essay Final exam

10% 30% 60%

ATTENDENCE Attendance will be check at least 4 times during the course. CLASS SCHEDULE No. Topic Reading Homework

Part 1: The Auditing profession

1,2 3 4 5 6 Chapter 1 The demand for audit and other assurance services Chapter 2 The CPA profession Chapter 3 Audit reports Chap 4 Professional ethics Chap 5 Legal liability Midterm test 1 Chap 1 Chap 2 Chap 3 Chap 4 Chap 5 Chap 1-5 1-17, 1-19,121 2-20a, 2-21 3-26, 3-27a, 3-28, 3-30 4-20, 4-21, 4-24 5-18

Part 2: The audit process

7,8 9 Chap 6 Audit responsibilities and objectives Chap 7 Audit evidence Chap 6 Chap 7 6-24, 6-25, 6-26,

10 11 12

Chap 8 Audit planning and analytical procedures Chap 9 Materiality and risk Chap 10 Section 404 Audits of internal control and control risk

Chap 8 Chap 9 Chap 10 Chap 11 Chap 6-11 Chap 13

12, 13 Chap 11 Fraud Audit Midterm test 2 13 Chap 13 Overall audit plan and audit program

Part 5: Completing the audit

14,15 Chapter 24 Completing the audit Chap 24

Changes to this schedule will be announced in class. If you miss class, please consult one of your fellow students or myself for any announcements.

ALL MULTIPLE CHOICE QUESTIONS FROM CPA EXAMINAITON AT THE END OF EACH CHAPTER MUST BE COMPLETED AS A PART OF HOMEWORK!