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Auditing ACW 250
DEAR STUDENTS. I WON'T BE TEACHING YOU THIS SEMESTER.
MY APOLOGIES OF NOT INFORMING YOU EARLIER.
WE WILL MEET NEXT SEMESTER, GOD WILLING.
I WISH YOU ALL THE VERY BEST!
DO NOT MESSAGE ME LATE AT NIGHT!!!!
Please provide me (via email or during class) of your group members!
Course Outline = download here!
International Standards on Auditing(ISAs)
Lecture slots =
Week 2,4,6,8,10,12 and 14 = Thursdays 2-4pm
Week 3,5,7,9,11 and 13 = Tuesdays 2-4pm
(Dear students, if you have some difficulties with the lectures slots, please come and see me)
Lecture Notes
Week 1 : An Introduction to Auditing (note 1)
Week 2 : Statutory and Regulatory Requirement (Oilcorp 1) (Oilcorp 2)
Week 3 : Objectives and Scope of Financial Statement Audit(Article 1) (My notes)
Week 4 : Internal Control System (optional but highly recommended: Haron, H., Chambers, A., Ramsi, R., & Ismail, I. (2004). The reliance of external auditors on internal auditors. Managerial Auditing Journal, 19(8/9), 1148-1159)
Week 5 : Audit Evidence and Auditing Procedure
Week 6 : Audit Documentation
Week 7 : Audit Planning(new slides)
Week 8 : -
Week 9 : Audit of Revenue Cycle
Week 10 : Audit of Purchase Cycle
Week 11 : Audit of Cash/Audit of Inventory Cycle (Slides No 2)
Week 12 : Audit of Property, Plant and Equipment
Week 13 :Audit of Long Term Liabilities, Shareholder’s Equity and Income Statement
Week 14 :Auditor’s Report
Tutorial Practices
Week 1 : An Introduction to Auditing(Solutions)
Week 2 : Statutory and Regulatory Requirement (no tutorial QUESTIONS for this topic)
Week 3 : Objectives and Scope of Financial Statement Audit ==> no tutorial this week
Week 4 : Internal Control System (Solution 1) (Solution 2)
Week 5 : Audit Evidence and Procedures(Solution)
Week 6 : Audit Documentation
Week 7 : Audit Planning
Week 8 : -
Week 9 : Audit of Revenue Cycle (Solution)
Week 10 : Audit of Purchase Cycle ==>
Week 11 : Audit of Cash/Audit of Inventory Cycle ==> Q 21-27 pg 654 (solution)
Week 12 : Audit of Property, Plant and Equipment
Week 13 :Audit of Long Term Liabilities, Shareholder’s Equity and Income Statement
Week 14 :Auditor’s Report ==> Q 3-28, pg 74 (Solution)
Assignments
Assignment 1(Due: 1st August 2008, 12pm)
*All assignments must include references* ==> This is exclusive of the 5 pages.
Test and Quizzes