《Auditing》Syllabus

Course Number:           2104407150

Course Name:               Auditing

Instructors:                    Wang Yan

Required Text:              Chen Hanwen. Auditing (4th Edition) [M]. Beijing: China Renmin University Press, 2020

Course Description:      This course is an elective course in the field of financial management. This course mainly teaches the basic theories, knowledge, and methods of auditing, with a focus on professional norms, auditing objectives and functions, auditing standards and basis, auditing evidence and working papers, auditing risks and importance, auditing techniques, risk assessment and response, business cycle auditing, and auditing reports. Through the study of this course, students will be able to understand the knowledge system of the auditing discipline, systematically master the basic principles, procedures, and methods of auditing business, cultivate students with high ideological and political literacy, solid auditing professional literacy, comprehensive auditing ability literacy, and firm professional ethics, and lay a solid foundation for participating in actual auditing work.

Credit/Teaching Hours

Outline of UG CPC Topics Covered in this Course:  (3.0 Credits/48 Teaching Hours)

I.Audit Overview                                             4Teaching Hours

-The emergence and development of auditing

-Definition and classification of auditing

-Overview of Audit Related Services

-Government Audit and Internal Audit

-The evolution and trend of audit technology

II.Certified Public Accountants and Accounting Firms             2Teaching Hours

-Regulatory Structure of the Certified Public Accountant Industry

-Certified Public Accountants and Their Quality Requirements

-Accounting firms and their business qualifications

III.Professional Standards for Auditing and Legal Responsibilities of Auditors

4Teaching Hours

-Certified Public Accountant Practice Standards System

-Code of Professional Ethics for Certified Public Accountants

-Legal Normative System for Certified Public Accountants

IV.Audit objectives, audit evidence, and audit working papers       4Teaching Hours

-Audit objectives, audit evidence, and audit working papers

-Audit objectives

-Audit evidence

-Audit working papers

V.Audit Risk and Audit Importance                            4Teaching Hours

-Audit Risk

-Audit Importance

VI.Audit sampling techniques                                 4Teaching Hours

-Overview of Audit Sampling

-Audit sampling techniques in control testing

-Audit sampling techniques in substantive procedures

VII.Accept business commission and plan audit work            4Teaching Hours

-Accept business commission

-Plan audit work

VIII.Risk assessment and response                             6Teaching Hours

-Risk assessment

-Risk response

Ⅸ.The application of audit process in business cycle             10Teaching Hours

-Audit of sales and payment cycle

-Audit of procurement and payment cycles

-Audit of production and inventory cycles

-Audit of fundraising and investment cycle

-Audit of monetary funds

X.Complete audit work and audit report                       4Teaching Hours

-Complete audit work

-Forming audit opinions and issuing audit reports

XI.Internal control auditing                                  2Teaching Hours

-Overview of Internal Control Audit and Integrated Audit

-The main steps of internal control audit

-Internal Control Audit Report

Total (Teaching Hours)                                                                     48  

Summary of UG CPC Topics Covered in this Course:                   (48 Teaching Hours)