Professional Documents
Culture Documents
:
ISLAMIC UNIVERSITY Senate endorsement date:
MALAYSIA Version no:
Version effective date:
COURSE OUTLINE
1. Course Title: Auditing Assurance Services
3. Credit Value: 3
4. MQF Level: 6
5. Affected Batch: Students with matric number starting with 071 onwards.
7. Department/Unit: Accounting
8. Course Synopsis:
This course deals with advance topics in auditing. It aims to enable the students to
understand the nature and objectives of audit in general as well as audit procedures and
techniques practice today. It would assist the students to identify and assess the audit
risks involved in various situations, specifically on auditing the system based business
process.
Students are expected to apply their knowledge of the subject matters covered in this
course as well as related courses like Financial, Cost and Management Accounting,
Accounting Information System and Company Law.
Students are also expected to have thorough knowledge of auditing and accounting
standards, guidelines and technical releases pronounced by all accounting professional
bodies in Malaysia as well as MASB/FRS, Bursa Malaysia Listing Requirements and
Securities Commission Guidelines.
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11. Course Learning Outcomes
Blooms Programme
Taxonomy Soft skills
No. Outcomes Outcomes
(KI)
C A P (PO)
1. Evaluate the professional conduct C5 A5 P3 EM, LL 4,8
and ethics of an auditor.
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Methods Percentage
Group projects 25
Group & Class exercises 15
Mid-term examination 10
Final examination 50
TOTAL 100
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2. Corporate Governance and
Audits
Importance of good governance to MCCG 2012
the audit Bursa
Malaysia Code of Corporate Malaysia
2-3 6 6
Governance Listing
Audit Committee Requirements
Bursa Malaysia Listing CH 15 2013
Requirements
3. Internal auditing
Roles and scope of internal audit
Nature and extent of internal audit
assignment assurance and New IPPF
consulting services
4 3 3
Value added internal auditing GE 1:
Relationship between external Topic 1-2
and internal audit
Issues in internal audit
5. Professional Liability
Legal environment in auditing
Liability to clients and to 3rd
parties
6 3 3
Common law and statutory law.
Audit Quality through review,
QC.
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7. Group Audit
Group, its component and
environment
ISA 600
8 Principal and component auditor 3 3
(Revised)
Audit process in group audit
Issues in group audit
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16. References:
16.1. Required
1. Eilifsen, A., Messier, W.F., Glover, S.M., and Prawitt, D.F. (2016) Auditing &
Assurance Services in Malaysia. 3rd Edition. London. McGraw Hill.
16.2. Recommended
2. Gul, F. and Mahzan, M. (2013) Auditing: Theory and Practice in Malaysia, CCH
Asia Pte Limited.
3. Arens, A.A., Elder, R.J., Beasley, M.S. & Hogan, C.E. (2016) Auditing and
Assurance Services An integrated approach. 16th Edition. United States. Pearson.
4. International Standards of Auditing (ISAs)
5. International Financial Reporting Standard (IFRS) and Companies Act 1965.
Dr Sherliza Puat Nelson Assoc Prof Dr Muslim Har Sani Prof Dr Maliah Sulaiman
Department of Accounting Mohamad Dean, KENMS
11 September 2017 Head, Department of Accounting 11 September 2017
11 September 2017
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ANNEX
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