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ĐẠI HỌC QUỐC GIA TP.HCM

TRƯỜNG ĐẠI HỌC KINH TẾ - LUẬT

CỘNG HÒA XÃ HỘI CHỦ NGHĨA VIỆT NAM

Độc lập – Tự do – Hạnh phúc

COURSE SYLLABUS: AUDIT THEORY

1. General information:

- Course: AUDIT THEORY

- Code: ACC1504

- Major code: 52.34.03.02

- No of credits: 4

- Department in-charge: Auditing

- Semester : 5

- Level: 3rd year

2. Descriptions:

The Audit theory course focuses on equipping knowledge and basic skills of

independent auditing activities, auditing financial statements in accordance with

the current Vietnamese auditing law (QH67/2011). After completing this course,

student should be able to understand the concepts, definitions and terminology of

auditing, audit risk, and other issues of auditing; from which it can be applied in

actual audit practice.

The course content includes an introduction to auditing& assurance service,

especially, independent audit services and important concepts and definitions in

audit. The course goes through audit processes from pre-engagement; getting

understanding of client’s business environments and operaration, assessing audit

risks & materiality; evaluating a client's internal control system, techniques for

gathering audit evidence to issuing the audit report.

3. Learning materials:

2

➢ Textbooks

o Accounting and auditing Falculty, University of Economics and Law

“Auditing”, VNU HCM publisher 2015.

o Accounting and auditing Falculty, University of Economics and Law

“Auditing - Practice”, VNU HCM publisher 2015.

o VACPA “Vietnam standing of auditing”, NXB Tài chính, 2013.

➢ References

o Accounting and auditing Falculty, University of Economics HCMC

“Auditing”, NXB LĐ-XH, 2019.

o Accounting and auditing Falculty, University of Economics HCMC

“Auditing - Practice”, NXB LĐ-XH, 2015.

o Audit and assurance Services: An Integrated Approach – Alvin A.Arens,

Randal J.Elder & Mark S. Beasley – Pearson Publisher, 2017.

o Audit and Assurance – Leung, Coram, Cooper, Richardson – Wiley

Publisher, 2018.

4. Course objectives:

Code Descriptions

Knowlegde 2.1

Knowledge: Understand the definitions and concepts in

auditing, apply specialized knowledge of auditing to

solve professional problems in the field of auditing.

Skills

2.2

Professional organization skills and audit practice:

students process the ability to work as independent

auditors, consultants at auditing companies, internal

control at enterprises.

2.3

Lifelong learning ability and attitude: students process to

personal skills for self learning research, show the

commitments as lifelong learners.

Attitude 2.4

Professional ethics: students demonstrate professional

attitude, ethics and value. They also show the

commitment to social responsibility.

3

5. Expected learning outcomes:

Code (Course Expected Learning Outcomes – LO) Course

objectives

Contribution

to Program

learning

outcomes

Capability

scale –

Blooms

LO1.01

Explain an overview of auditing, distinguish

different types of audit and apply in the audit

environment in Vietnam

2.1,2.2,

2.3 1.3, 6.2

3

LO1.02 Describe the concepts and applications of audit

procedures in the planning phase.

2.1,2.2,

2.3,2.4

1.3, 3.2, 4.2,

6.2

3

LO1.03

Apply audit evidence concepts and audit

procedures in 3 phases of the audit: planning,

testing and completion.

2.1,2.2,

2.3

1.3, 3.2, 4.2,

6.2

3

LO1.04 Distinguish the types of audit reports and apply

appropriate audit procedures in audit completion.

2.1,2.2,

2.3

1.3, 3.2, 4.2,

6.2

3

LO2 Apply project management skills, organizational

skills through solving problems in audit processes.

2.2, 2.3,

2.4 3.1, 4.2

3

LO3 Exercise professional judgement and professional

skepticism in audit cases. 2.4 3.1, 4.2, 6.2

3

LO4 Apply professional body requirements to practicing

auditors and propose plans for the profession. 2.3 3.1, 4.2, 6.2

3

(*) Capability scale are evaluated based on Benjamin S. Bloom's capability level scale,

which includes:

1. Remember

2. Understand

3. Apply

4. Analyze

5. Evaluate

6. Create

4

5

7. Course plans:

Content Teaching

methods

Activites Materials Assessments ELOs

Lecturers Students

Introduction - An overview of

the curriculum.

- Disseminate

methods of

formative

assessment,

including:

Progressive tests,

midterm and final

exams.

- Introduction of

study materials and

references.

- Lecturing - Introduce

detailed course

outlines.

- Grouping

students for

presentations.

- Announce the

topic of the

presentation.

In-class

activities:

Divide into groups

(8-10

students/group),

appoint group

representatives,

agree on principles

of group work.

After class

activities:

Read the textbook

for class

preparation.

- Lecture slide.

Not

applicable.

Chapter 1:

Overview of

- Definitions of

audit and assurance

- Lecturing

- Provide

situations for

In-class

activities:

- [Lecture

Slide - Chapter

- Reflective

quizzes

[LO1.01]

[LO2]

6

Auditing and

Independent

Auditing

services.

- Classification of

audits according to

the types; purposes

and subjects of the

audits.

- History of the

establishment and

development of the

audit industry.

- Criteria for

qualified auditors.

- Introduction to the

current professional

auditing

organizations.

- Financial

statement audit

process.

- Case study/

problem

solving

-

Brainstorming.

students to

discuss and

research.

- Organise the

discussions.

- Present and

explain the key

concepts and

definitions.

- Reflective

quizzes.

- Summarize

the lecture,

instruct

students to

study and

prepare new

lessons.

- Brainstorming

- Research and

discuss in groups

to solve the

situations.

- Listen to lectures,

take notes, answer

questions.

- Students ask

questions and take

notes.

After class

activities:

- Review the

lesson.

- Read new

contents.

- Researching legal

documents,

especially the Law

1]

- Legal

documents,

auditing

standards.

- Textbooks

provided by

teachers (see

section 3).

answers as

plus points,

reward and

encourage

students'

learning spirit.

- Mini test C1,

C2

- Midterm

exam.

[LO4]

7

on Auditing No.

67/2011, Auditing

Standards VSA

220, VSQC1

(Quality Control of

Auditing of

Financial

Statements).

Chapter 2:

Audit

environment

- Introduction to

the audit

environment and

audit profession.

- Audit standards.

- Professional

ethics.

-Responsibilities

of the

independent

auditor.

- The expectation

-

Exploratoring

teaching

- Q&A

- Case study

through video.

- Review some

key issues.

- Ask

questions,

answer and

introduce new

lessons.

- Lecture, ask

questions.

- Ask a

question, then

show the video.

In-class

activities:

- Listen to lectures,

take notes, answer

questions.

- Try to solve the

problems given

through video.

- Discuss in groups

to solve the

situations the

teacher poses.

- [Slide bài

giảng -

chương 2]

- Văn bản

pháp luật,

chuẩn mực

kiểm toán.

- Giáo trình

GV cung cấp

(xem mục 3).

- Reflective

quizzes

answers as

plus points,

reward and

encourage

students'

learning spirit.

- Group

presentations.

- Mini test C1,

C2

[LO1.01]

[LO4]

8

gaps. - Summarize

the situation,

ask questions.

- Summarize

lessons, instruct

students and

give homework

- Students ask

questions and take

notes.

After class

activities:

- Review the

lesson.

- Read new

contents.

- Research

scandalous facts,

professional ethics

standards.

- Midterm

exam.

- Final exam.

Chapter 3:

Understanding

the clients,

assessing risk,

and

determining

materiality

- Understanding

clients: business

model, business

environment, long-

term strategies and

market position.

- Distinguish

-Exploratoring

teaching

- Q&A

- Case study

- Group

presentation

- Propose a

problem.

- Organise

discussion,

answer and

introduce new

lessons.

In-class

activities:

- Presentation

- Discuss in groups

to solve the

situations the

teacher poses.

- [Lecture

Slide - Chapter

3]

- Legal

documents,

auditing

standards VSA

- Evaluate the

presentation

of the group

essay

- Evaluate

answers,

reflective

[LO1.02]

[LO2]

[LO3]

[LO4]

9

between fraud and

error.

- Risk assessment

in audit: Concept,

types of risk in

audit and the

relationship

between them.

- Materiality and

the factors that

affect materiality.

- The relationship

between materiality

and audit risk.

- Apply materiality

in auditing.

and

discussion.

- Lecture, ask

questions, let

students work

in groups.

- Case study

- Summarize

lessons, instruct

students and

give

homework.

- Listen to lectures,

take notes

- Answer the

questions.

- Ask questions.

After class

activities:

- Review previous

lessons.

- Read the new

content - internal

control system,

COSO 2013.

- Research of audit

contract.

- Research of the

flowcharts of sales,

purchases, and

warehousing.

240 (Audit's

responsibilities

related to

fraud during

the audit of

financial

statements).

- Textbooks

provided by

teachers (see

section 3)

quizzes,

calculate plus

points, reward

and encourage

learning spirit

of the

working

group and

other students

in the class (if

any).

- C3 mini test.

- Midterm

exam.

- Final exam.

Chapter 4: - Overview of the Lectures, - Propose a In-class - [Lecture - Evaluate the [LO1.02]

10

Internal

Control

System

(Internal

Control)

internal control

system: definitions,

components of the

internal control

system, limitations

of the internal

control system.

- Audit process of

getting

understanding the

internal control

system.

- The objectives

and process to

evaluate the

internal control

system.

- Expanding the

practice of internal

control in small and

illustrative

examples,

presentations,

group work

for students.

- Q&A

- The situation

requires

students to

brainstorm.

- Reflective

quizzes.

problem.

- Organise

discussion,

answer and

introduce new

lessons.

- Lecture, ask

questions, let

students work

in groups.

- Case study in

IC.

- Summarize

lessons, instruct

students and

give

homework.

activities:

- Presentation

- Listen to lectures,

take notes

- Volunteer to

answer

- Discuss, discuss

in groups to solve

the situations the

teacher poses.

- Students solve

the problems and

reflective quizzes

by themselves,

compare with the

answers provided

by the teacher.

After class

activities:

- Review previous

Slide - Chapter

4]

- COSO 2013.

- Textbooks

provided by

teachers (see

section 3).

presentation

of the group

essay.

- Bonus points

for answering

questions.

- Bonus points

for student

brainstorming.

- C4 mini test.

- Midterm

exam.

- Final exam.

[LO2]

[LO3]

[LO4]

11

medium

enterprises.

lessons.

- Read and

research of audit

documentations,

factors affecting

sample size in tests

of controls and

substantive tests.

Chapter 5:

Audit evidence

- The concept of

audit

evidence

- Characteristics

of audit

evidence.

- Types of audit

evidence.

- Methods of

selecting test

elements: whole

selection,

randomization,

- Lectures,

illustrative

examples,

presentations,

group work

for students.

- Question -

answer

- The situation

requires

students to

- Lecture, ask

questions, give

examples.

- Organize

group work

classes.

- Ask

questions,

suggestions and

answers.

In-class

activities:

- Deliver

presentation

- Listen to lectures,

take notes

- Volunteer to

answer

- Think – pair-

share to solve the

situations the

teacher poses.

- [Lecture

Slide - Chapter

5]

- Legal

documents,

auditing

standards VSA

500 (Audit

evidence).

- Textbooks

provided by

teachers (see

- Evaluate the

presentation

of the group

essay.

- Scoring on

students'

work.

- Small test

C5, C6

- Final exam.

[LO1.03]

[LO2]

[LO3]

[LO4]

12

audit sampling. brainstorm.

- Reflective

quizzes.

- Give

exercises,

suggest

solutions and

then provide

answers.

- Summarize

lessons, instruct

students and

give

homework.

- Students solve by

themselves,

compare with the

answers provided

by the teacher.

- Students take the

test on paper and

return it to the

teacher.

After class

activities:

- Review previous

lessons.

- Read the new

contents.

- Research for

representation

letter and audit

reports.

section 3).

13

Chapter 6:

Audit reports.

- Audit completion:

review contingent

liabilities,

subsequent event,

review going

concern, evaluate

audit results.

- Introduction to

audit reports:

concepts, roles,

basic elements,

types of audit

reports on financial

statements.

- Lectures,

illustrative

examples,

presentations,

group work

for students.

- Question -

answer

- The situation

requires

students to

brainstorm.

- Reflective.

Quizzes.

- Lecture, ask

questions, give

examples.

- Organize

group work

classes.

- Ask

questions,

suggestions and

answers.

- Give

exercises,

suggest

solutions and

then provide

answers.

- Summarize

lessons, instruct

In-class

activities:

- Deliver

presentation

- Listen to lectures,

take notes

- Volunteer to

answer

- Think – pair-

share to solve the

situations the

teacher poses.

- Students solve by

themselves,

compare with the

answers provided

by the teacher.

- Students take the

test on paper and

return it to the

- [Lecture

Slide - Chapter

6]

- Legal

documents,

auditing

standards.

- Textbook

provided by

the teacher

(see section 3).

- Evaluate the

presentation

of the group

essay.

- Bonus points

for answering

questions.

- Bonus points

for the student

brainstorming

part.

- Small test

C5, C6

- Final exam.

[LO1.04]

[LO2]

[LO3]

[LO4]

14

students and

give

homework.

teacher.

After class

activities:

- Review previous

lessons.

- Read the new

contents.

- Research for

fraud in IT-related

environment.

Revision -Brief

review

key

points

of

knowle

dge.

- Knowledge

review game

"Who wants to

-Draws a mind

map to

systematize

knowledge.

- Disseminate

game rules.

Explain the

answer to each

question in the

game.

In-class

activities:

- Listen to lectures,

take notes

- Volunteer to join

the game.

After class

activities:

- Prepare for the

exam.

- [Lecture

slide - from

chapter 1 to

chapter 7]

- Teacher

provided (see

item 3).

Final exam

15

be a

millionaire".

16

6. Assessment (Grading scale of 10)

Content Code Proportion Note

1. Progressive 30%

a. Group presentation ĐG1 10%

Topics from chapter 1 to

Chapter 6

b. Attendance ĐG2 5%

c. Mini test ĐG3 15% Short answer

Multiple choices

2. Mid-term exam ĐG4 20% Multiple choices

3. Final exam ĐG5 50%

Multiple choices (6 điểm),

problems (4 điểm), closed-

book exam.

4. Bonus (max 10%) Contribution in class

activities.

TOTAL 100%

Rubrics for group presentation (ĐG1)

Điểm

Tiêu chí

9-10 7-8 5-6 < 5

Content

(60%)

- Address

all issues

fully with

hands-on

illustratio

n.

- Provide

deep

- Address all

issues fully. Not

very practical

illustration.\

- Provide extra

information from

relevant research

- Exactly.

- Generally

address all

issue, with

some

incomplete

d. Not very

practical

illustration.

- Do not

address

the

issues.

- Inaccurat

e.

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insight,

logic

analysis

and

synthesis

based on

relevant

research.

- Exactly.

- Have

good

ideas,

highly

practical

content.

- Some

inaccuracy

but in

acceptable

level.

Structure

(10%)

Sufficient

content is

communicated

in coherent and

cohesive

manner.

- Sufficient content is

communicated. There

are some conflicting

ideas, but in

acceptable level.

- There are some

problems in

linking ideas.

- Not

structured

logically.

Format

(10%)

- Creative design

- Consistent

format

- Few or no typo

-There are

citations, full list

of references.

- Consistent format

- Typo at 10%

- There are citations,

full list of references.

- Consistent

format

- Typo at 20%

- Some mistake in

references.

- Inconsistent

format

- Typo at

30%

- No

reference.

Presentatio

n (20%)

-Creative design

-Show structure,

sensible and

attractive

presentation

skills.

- Show logic

presentation

skills

- Illustrate by clear

examples or

evidence.

- Informative

- Just read slide

information.

- Unclear examples

or evidence.

- Poor

illustrations.

- Irrelevant

examples

evidence.

- Poor

illustrations.

18

-Illustrate by

clear and logical

examples or

evidence

-Nice,

informative, and

creative power

point slide/

video

- Good time

management.

power point

slide/ video

- Exceed time 3-4 mins

- Exceed time

5-7 mins

- Exceed time

>7 mins

8. Class policies

- Prepare lesson before class

- Participate in classroom lectures.

- Do exercises as required.

- Collecting and researching legal documents on auditing and VSA auditing standards.

9. Teaching and learning methods:

- Exploratoring teaching

- Active lecturing.

- Teaching with videos

- Teamwork, group discussion.

- Case study.

- Problem-based teaching.

- Brainstorming

Tp. Hồ Chí Minh, ngày 10 tháng 1 năm 2020

19

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