EBA3013 Course Plan

EBA3013 [Ver.
1] Auditing and Assurance

WE02 [Ver.1] Bachelor of Accountancy (Honours)
Faculty of Economics and Business, UNIMAS
COURSE TITLE
Course Plan
Sem 1, 2016/2017
AUDITING AND ASSURANCE

(Pengauditan dan Jaminan)
COURSE CODE
EBA3013
CREDIT
PREREQUISITE/S
N/A
SYNOPSIS
This course is an introduction course in Auditing and it will introduce

students to the concepts and principles of auditing. Emphasis will be given
on external and statutory auditing. Students will be exposed to the
principles of audition in performing the auditing task. The coverage of the
course includes collection of evidence, internal control evaluation, auditing
documentation until the issuance of an audit report. Methodology and
auditing financial statement cycle such as sales and collection cycle;
purchase and payment cycle; and cash and inventory cycle will be
discussed. The fundamental knowledge gained from this course will be
expanded in the Advance Auditing course
(Ini adalah kursus pengenalan kepada pengauditan dan juga mendedah
pelajar kepada konsep dan prinsip pengauditan. Penekanan akan diberi
kepada pengauditan luar dan berasaskan statut. Pelajar akan didedah
kepada prinsip pengauditan untuk menjalankan tanggungjawab
pengauditan. Kandungan kursus termasuk pengumpulan bukti, penilaian
kawalan dalaman, dokumantasi pengauditan sehingga laporan audit
dikeluarkan. Kaedah dan pengauditan kitaran penyata kewangan seperti
kitaran jualan dan kutipan; kitaran belian dan bayaran; kitaran tunai dan
inventori juga di bincangkan. Pelajaran asas yang diperolehi di dalam
kursus ini akan ditingkatkan melalui pembelajaran kursus pengauditan
lanjutan.)
Generated using the eCLASS System.
1/9
EBA3013 [Ver.1] Auditing and Assurance

Course Plan
LEARNING
Sem 1, 2016/2017
By the end of this course, students will be able to:
OUTCOMES
Learning Domains
CLO
Statements
CLO1
Explain the relevant accounting and auditing
PLO Mapping
SS
(WE02)
standards during the audit of non-complex entities.

CLO2
Organize substantive testing and test of control.
CLO3
Analyze the internal control problems of a small
TS
1&5
ES
7&8
company and suggest possible solutions

CLO4
Prepare a financial statement audit for
non-complex entities.
STUDENT
LEARNING HOURS
Guided LHs
Self LHs
Lectures
28
30
Tutorials
12
Student-Centered Learning
12
Continuous Assessment
10
Final Examination/Assessment
50
70
Sub-Total
Total
120 Hours
2/9

Course Plan
Sem 1, 2016/2017
LEARNING UNITS
LU
Chapter/Topic
LU1
An Introduction to Auditing
Week
CLO
-Development of Audition
SS
TL Activities
Assessment
Strategies
Lecture &
Assignment,
Discussion
Quiz, & Mid
-Purpose of auditing
Term
-Differences between auditing and

accounting
-Principles of stewardship, accounting and
agency
-Introduction to Auditing standards and its
importance
-Statutory Audit and Companies Act 1965
-Differences between types of audit
opinions issued
-Framework of auditing (IFAC, MIA,
Auditing Standards, professional bodies)
LU2
Statutory and Regulatory Requirement
Lecture,
Assignment,
-Companies Act Requirement
Discussion, &
Quiz, Mid
-Responsibility, power of auditor,
Group Work
Term , &
appointment, resignation and termination of
Final
auditors (S.9, S.169, S.172-174)

-Engagement/ appointment letter
LU3
Objectives and Scope of Financial
Lecture,
Assignment,
Statement Audit
Discussion, &
Quiz, Mid
-Audit objectives and Basic Principles
Group Work
Term , &
governing and Audit
Final
-Auditor's responsibility for detecting fraud

-Management Assertions
3/9

Course Plan
LU
Chapter/Topic
LU4
Internal Control system
Sem 1, 2016/2017
Week
CLO
SS
-Fundamental concepts
-Objectives, characteristics and limitations
TL Activities
Assessment
Strategies
Lecture,
Assignment,
Discussion, &
Quiz, Mid
Presentation
Term , &
-Definition of internal control (COSO,
Final
Cadbury and Auditing Standards in

Malaysia)
-Importance of internal control to auditors
-Relationship of internal control and audit
evidence
-Review and documentation of internal
control system
-Internal control?s compliance test in
transaction cycle
-Strengths and weaknesses of internal
control
-Management letter
LU5
Audit Evidence and Auditing Procedure
2&3
TS
-Types of audit evidence

-Quality and adequacy of audit evidence
-Auditing procedure used to collect
Lecture,
Assignment,
Discussion,
Quiz, & Mid
Group Work,
Term
&
evidence
Presentation
-Types of audit procedure and audit test

-Compliance and substantive test
-Test of transaction and balance
LU6
Audit Documentation
-Importance of audit working papers
-Types of working papers
-Indexing, audit cross-footing and extension
-Types of audit file
6&7
2&3
TS
Lecture,
Assignment,
Discussion,
Quiz, Mid
Group Work,
Term , &
&
Final
Presentation
-Control and rights to the audit working

papers
-Confidentiality
4/9

Course Plan
Sem 1, 2016/2017
Assessment
LU
Chapter/Topic
Week
CLO
SS
TL Activities
LU7
Audit Planning
2&3
TS
Lecture &
Assignment,
Discussion
Quiz, & Final
Lecture &
Assignment &
Discussion
Quiz
Lecture &
Assignment &
Discussion
Quiz
-Planning activities
Strategies
-Understanding the client?s business and

accounting system
-Fundamental concepts of materiality and
risk in auditing
-Relationship between test and evidence
-Preparation of audit programme
Determination of audit objectives
-Analytical procedures: Planning fieldwork
and final stage
LU8
Audit of Revenue Cycle
TS
-Overview of the accounts and classes of

transactions
-Business functions and documents
-Management assertions and audit
objectives for internal controls
-Substantive tests for accounts
LU9
Audit of Purchase Cycle

-Overview of the accounts and classes of
10
TS
transactions
-Business functions and documents
-Major internal control and related audit
procedures
-Substantive tests for account payables
5/9

Course Plan
LU
Chapter/Topic
LU10 Audit of Cash
Sem 1, 2016/2017
Assessment
Week
CLO
SS
TL Activities
11
TS
Lecture &
Assignment,
Discussion
Quiz, & Final
Lecture &
Assignment &
Discussion
Quiz
-Kiting
Strategies
-Bank transfer schedule

-Bank reconciliation
-Bank cut off statements
-Bank confirmation
-Substantive audit procedures for cash
-Audit of inventory Cycle
-Classification of inventory
-Business functions and flow of documents
Components of the cycle
Major controls and audit procedures
Confirmation on existence and evaluation
including
- Physical stock taking
- Price test and summary
LU11 Audit of property Plant and Equipment
-Assessing inherent and control risks
12
TS
-Difference with auditing of current assets

-Tests:
. Confirming increase and decrease of
balances
. Physical examination, examining
depreciation
. Confirmation of repairs and maintenance
balances
6/9

Course Plan
LU
Sem 1, 2016/2017
Chapter/Topic
Assessment
Week
CLO
SS
TL Activities
13
TS
Lecture &
Assignment &
Discussion
Final
Lecture &
Assignment,
Discussion
Quiz, & Final
LU12 Audit of Long Term Liabilities,

Shareholder?s Equity and Income Statement
Strategies
-Auditing long term liabilities

-Auditing dividend
-Auditing share capital account
-Auditing reserves and retained profits
-Auditing income statement items
-Audit of Payroll Cycle
-Inherent and control risk assessment
-Internal control procedures
-Test of control
-Substantive procedures
-Analytical procedures
LU13 Auditor's Report
14
ES
-Objectives and format of audit report

-The needs for an audit report
-Unqualified report
-Types of qualified report
-Circumstances that lead to the issuance of
unqualified report
-Disclaimer of responsibility
ASSESSMENT
TOTAL
AS
Statements
CLO1
CLO2
CLO3
CLO4
CLO5
AS1
Assignment
10
AS2
Quiz
10
AS3
Mid Term
10
15
30
AS4
Final
10
15
15
10
50
TOTAL (%)
26
35
25
14
100
(%)
7/9

Course Plan
Sem 1, 2016/2017
CONSTRUCTIVE ALIGNMENT MAPPING

CLO
CLO1
CLO2
CLO3
Assessment Strategies
TL Activities
SLT
Assignment [3%] , Quiz [3%] , Mid Term
Lecture, Discussion,
6.00 hour(s) [LU1, LU2]
[10%] , Final [10%]
Group Work
[15%] , Final [15%]
Group Work, Presentation LU5, LU6]
[5%] , Final [15%]
Group Work, Presentation LU6, LU7, LU8, LU9,
9.00 hour(s) [LU3, LU4,
21.00 hour(s) [LU4, LU5,
LU10, LU11]
CLO4
Assignment [2%] , Quiz [2%] , Final [10%] Lecture, Discussion
REFERENCES
1.
3.00 hour(s) [LU12]
Arens, A.A., Elder, R.J., Beasley, M.S., Adapted by Faudziah Hanim

Fadzil. Afza, Rohami, and Nor Zalina (2008). Auditing and
Assurance Services in Malaysia. An Intergrated Approach. Kuala
Lumpur: Pearson Education.
2.
Messier, W.F. and Margaret Boh (2007). Auditing and Assurance

Service in Malaysia. Kuala Lumpur:McGrew Hill
3.
Arens, A.A., Elder, R.J., Beasley, M.S., Adapted by Susela Devi,

Takiah Mohd. Iskandar, Shaari Isa Edited by Hasnah Haron. (2008).
Auditing and Assurance Services in Malaysia. An Integrated
Approach.Kuala Lumpur Pearson Education, Kuala Lumpur.
4.
MIA by laws (Undang-undang kecil) on Professional Conduct and

Ethics (Kod Etika MIA)
5.
MIA, (2001). Supplement to Malaysian Approved Standards on

Auditing. Kuala Lumpur, Malaysia, International Auditing Practices
Statement. Companies Act 1965 and Accountant Act 1967
6.
Selvaraj , S. (2005) Auditing and Assurance Services in Malaysia.

Pearson Prentice Hall
7.
Buckless, F.A., Beasley, M.S., Glover, S.M., Prawitt, D.F. (2000).

Auditing Cases, Prentice Hall, New Jersey.
8.
Pflugrath, G. (2009). Auditing, Assurance HandBook. Melbourne:

Pearson Education.
8/9

Course Plan
Sem 1, 2016/2017
Prepared by:
Verified by:
Approved by:
................................................
................................................
................................................
Course Coordinator/Lecturer
Programme Coordinator/HoD
Dean/Deputy Dean
Name:
Name:
Name:
Email:
Date:
Date:
Phone:
Date:
9/9

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EBA3013 [Ver.

1] Auditing and Assurance

AUDITING AND ASSURANCE

This course is an introduction course in Auditing and it will introduce

Generated using the eCLASS System.

EBA3013 [Ver.1] Auditing and Assurance

Faculty of Economics and Business, UNIMAS

By the end of this course, students will be able to:

Explain the relevant accounting and auditing

standards during the audit of non-complex entities.

Organize substantive testing and test of control.

Analyze the internal control problems of a small

company and suggest possible solutions

Prepare a financial statement audit for

Generated using the eCLASS System.

EBA3013 [Ver.1] Auditing and Assurance

Faculty of Economics and Business, UNIMAS

Quiz, & Mid

-Differences between auditing and

Statutory and Regulatory Requirement

-Companies Act Requirement

-Responsibility, power of auditor,

appointment, resignation and termination of

auditors (S.9, S.169, S.172-174)

Objectives and Scope of Financial

-Audit objectives and Basic Principles

governing and Audit

-Auditor's responsibility for detecting fraud

Generated using the eCLASS System.

EBA3013 [Ver.1] Auditing and Assurance

Faculty of Economics and Business, UNIMAS

Internal Control system

-Definition of internal control (COSO,

Cadbury and Auditing Standards in

Audit Evidence and Auditing Procedure

-Types of audit evidence

Quiz, & Mid

-Types of audit procedure and audit test

-Control and rights to the audit working

Generated using the eCLASS System.

EBA3013 [Ver.1] Auditing and Assurance

Faculty of Economics and Business, UNIMAS

Quiz, & Final

-Understanding the client?s business and

Audit of Revenue Cycle

-Overview of the accounts and classes of

Audit of Purchase Cycle

Generated using the eCLASS System.

EBA3013 [Ver.1] Auditing and Assurance

Faculty of Economics and Business, UNIMAS

LU10 Audit of Cash

Quiz, & Final

-Bank transfer schedule

-Difference with auditing of current assets

Generated using the eCLASS System.

EBA3013 [Ver.1] Auditing and Assurance

Faculty of Economics and Business, UNIMAS

Quiz, & Final

LU12 Audit of Long Term Liabilities,