BFC 3427: ADVANCED AUDITING (45 CREDIT HOURS)
Prerequisite – BFC 3228: Principles of Auditing
Course Purpose
The purpose of this course is to advance on the principles of auditing and apply auditing in
highly specialized business environment including business combinations, international
businesses and business branches.
Expected learning outcomes
By the end of this course, it is expected that the student will be able to:
1. Identify, describe and analytically evaluate the advanced principles and procedures applied
in internal and external auditing practice.
2. Identify, describe and analytically evaluate the various advanced legal and professional
requirements for an auditor and the role of an auditor as a professional requirement.
3. Explain the advanced procedures required in a computerized accounting system
Course Content
S/NO TOPIC WEEK
1. Nature and purpose of Auditing, 1
2 Auditing guidelines auditing statements and auditing practices; 2
3 Assessment of materiality and the application of judgment in relation
to disclosure; ASSIGNMEN
4 Presentation of information in published financial statements; T
CAT 1
5 Audit committees and auditors independence; 3
6 Post balance sheet events and the post-audit client review; 4
7 Advanced aspects of computer auditing; class
8 Advanced audit sampling theory, presentations
9 Advanced substantive audit testing;
10 Appointment of auditor by special resolution;
11 Audit of Branch accounts;
12 Appointment of Special auditor; 8
13 Auditing of dividends; 9
14 Management audits; 10
15 Audit committee and reporting. 11
12 CAT 2
Teaching Methodology
1. Lectures,
2. Group discussions and group work,
Course Evaluation
CATs/Assignment/Presentation 30 %
Final Examination 70 %
Total 100%
Course Textbooks
1
Millichamp, A.H. (2007), "Auditing", 10th Edition, Pearson Education [Link], A
(2007), "Auditing: An Integrated Approach", 9th Edition, McGrawHill.
Reference Teat books
Latest International Standards on Auditing, 2010.
International Financial Reporting Standards
Course Journals
Journal of Auditing
Journal of International Auditing
Journal of Accounting and Finance
Reference journals
Journal of International Accounting and
Auditing Journal of Finance
