Management Accounting (ACCA) outline

(Spring in the year of 2010)

Name of the course:
Advanced Audit and Assurance

Nature of the course:
A core course for accounting major

Preliminary courses:
financial accounting (F3),
Corporate Reporting（P2）,Auditing and Assurance (F8)

Teaching objective:



This course’s aim to analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practise and current developments. The main contents are regulatory environment, professional and ethical considerations, practice management, assignments, reporting, current issues and developments.

SYLLABUS CONTENT

A Regulatory Environment

1. International regulatory frameworks for audit and assurance services

2. Money laundering

3. Laws and regulations

B Professional and Ethical Consideration

1. Code of ethics for professional accountants

2. Fraud and error

3. Professional liability

C Practice Management

1. Quality control

2. Advertising, publicity, obtaining professional

3. Tendering

4. Professional appointments

D Assignment

1. The audit of historical financial information including:

1) Planning materiality and assessing the risk of misstatement

2) Evidence

3) Evaluation and review

2. Group audits

3. Audit-related services

4. Assurance services

5. Prospective financial information

6. Forensic audit

7. Internal audit

8. Outsourcing

E Reporting

1. Audit’s report

2. Report to management

3. Other report

F Current Issues and Developments

1. Professional, ethical and corporate governance

2. Information technology

3. Transnational audits

4. Social and environmental auditing

5.Other current issues