This unit covers both theoretical concepts and practical auditing techniques, including, auditing framework, standards, audit procedures, auditor’s decision-making processes, and reporting. It adopts a “risk-based” approach in evaluating the material misstatement related to the risks of the corporations being audited. This unit emphasises the external audit of corporations by professional auditors from their engagement to the issue of their independent opinion, in an ethical environment.

Students develop judgemental, appraisal, problem-solving, team work, written and oral communications skills using realistic case studies.