Year
Year 2
Semester
First Semester
Credit
3
Program Description
Procedures for obtaining and evaluating evidence to express an opinion on financial statement fairness.
About this course
This course introduces the principles and practices of external auditing. You will learn how to plan an audit, assess risks, and gather the evidence needed to form an opinion on whether financial statements are presented fairly. The focus is on practical application, using real-world scenarios to build your professional judgment.
Who takes this course
This course is required for students in the Bachelor of Applied Business — Accounting program. It is designed to prepare you for the auditing component of professional certification exams and for entry-level roles in the accounting profession.
Credits: 3 · Hours: 45
Prerequisites
Learning outcomes
- Identify the key elements of an assurance engagement and the responsibilities of the auditor.
- Design and execute audit procedures to obtain sufficient and appropriate evidence.
- Evaluate internal control systems and assess the risk of material misstatement.
- Draft audit findings and communicate them clearly to management and those charged with governance.
- Apply professional ethics and legal standards to complex auditing scenarios.
Evaluation
| Component | Weight (%) |
| Mid-term examination | 30 |
| Audit planning and evidence portfolio | 30 |
| Final examination | 40 |