The purpose of this course is to help students understand the fundamental role of auditing and assurance services in a changing business environment. This course also attempts to provide students with basic knowledge of audit concepts and techniques. 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, capital acquisition and repayment cycle, etc. In the end, this course will discuss auditor legal liability and other assurance and non-assurance services. Students are strongly encouraged to preview the course materials before the class and actively participate in the class discussion. Students should also keep themselves informed of emerging accounting and audit issues throughout the course.
Auditing and Assurance Services: An Integrated Approach, 15th ed., by Arens, Elder, and Beasley, 2014
Statements of Auditing Standards, Accounting Research and Development Foundation
Code of Professional Ethics, National Federation of Public Accountants Association of R.O.C.