In the first semester, we will focus on the important audit concepts such as
audit profession, audit standards, ethical code of professional conduct, audit
reports, audit planning, audit evidence, materiality, risk assessment, and
internal control. The application of audit procedures to the sales and
collection cycle will be covered as well. In the second semester, the focus
will turn to special audit techniques such as audit sampling and EDP auditing,
and other transaction cycles like acquisition and payment cycle, inventory and
warehousing cycle, and capital acquisition and repayment cycle, etc.
Students are required to preview the course materials before the class and
actively participate in the class discussion. Students should also keep
themselves informed of domestic and international emerging accounting and
audit issues throughout the course.