COURSE OUTLINE
1. Section Code
: BA170
2. Subject Code
: AC18
3. Subject Title
: Auditing in a CIS Environment
4. Subject Description:
The course comprehensively covers the computer-assisted application of audit standards,
techniques, and procedures to a typical independent audit of companies that uses computer
systems in processing their information. It also discusses the detailed processes of how an
auditor may conduct his audit under such environment.
5. Subject Coverage:
Date
Week
Day
Nov. 6,
1
1
2018
Topic
Orientation
Course Objectives and Outcome
1
2 (2)
Nov. 8
Review of Audit Theory and Accounting Information System
2
1 (3)
Nov. 13
2 (4)
Nov. 15
1 (5)
2 (6)
Nov. 20
1 (7)
2 (8)
Nov. 27
5
1 (9)
2 (10)
Dec. 4
Dec. 6
6
1 (11)
2 (12)
Dec. 11
Dec. 13
Auditing and Internal Control (Chapter 1)
Overview of Auditing
The Role of the Audit Committee
Financial Audit Components
The IT Audit
Internal Control
Internal Control Objectives, Principles, and Models
Auditing IT Governance Controls (Chapter 2)
Information Technology Governance
Structure of the Information Technology Function
The Computer Center
Disaster Recovery Planning
Outsourcing the IT Function
Security Part I: Auditing Operating Systems and Networks
(Chapter 3)
Auditing Operating Systems
Auditing Networks
Auditing Electronic Data Interchange (EDI)
Auditing PC-Based Accounting Systems
Security Part II: Auditing Database Systems (Chapter 4)
Data Management Approaches
Key Elements of the Database Environment
Databases in a Distributed Environment
Controlling and Auditing Data Management Systems
Prelim Term Examination
7
1 (13)
2 (14)
Dec. 18
Dec. 20
Feedback on the Prelim Exam
8
1 (15)
2 (16)
Jan. 8, 2019
Jan. 10
9
1 (17)
2 (18)
Jan. 15
Jan. 17
Systems Development and Program Change Activities (Chapter 5)
Participants in Systems Development
Information Systems Acquisition
The Systems Development Life Cycle (SDLC)
Controlling and Auditing the SDLC
Transaction Processing and Financial Reporting Systems
Overview (Chapter 6)
Overview of Transaction Processing
Accounting Records
Documentation Techniques
Computer-Based Accounting Systems
Data Coding Schemes
The General Ledger System
The Financial Reporting System
3
4
Nov. 22
Nov. 29
XBRL—Reengineering Financial Reporting
Controlling the FRS
Computer-Assisted Audit Tools and Techniques (Chapter 7)
Application Controls
Testing Computer Application Controls
Computer-aided Audit Tools and Techniques for Testing
Controls
Data Structures and CAATTs for Data Extraction (Chapter 8)
Data Structures
Designing Relational Databases
Embedded Audit Module
Generalized Audit Software
ACL Software
Midterm Examination
10
1 (19)
2 (20)
Jan. 22
Jan. 24
11
1 (21)
2 (22)
Jan. 29
Jan. 31
12
1 (23)
2 (24)
Feb. 5
Feb. 7
13
1 (25)
Feb. 12
Feedback on the Midterm Exam
2 (26)
Feb. 14
14
1 (27)
2 (28)
Feb. 19
Feb. 21
15
1 (29)
2 (30)
Feb. 26
Feb. 28
16
1 (31)
2 (32)
Mar. 5
Mar. 7
CU Foundation Day
Enterprise Resource Planning Systems (Chapter 11)
What Is an ERP?
ERP System Configurations
Data Warehousing
Risks Associated with ERP Implementation
Implications for Internal Control and Auditing
Business Ethics, Fraud, and Fraud Detection (Chapter 12)
Ethical Issues in Business
Fraud and Accountants
Auditor’s Responsibility for Detecting Fraud
Fraud Detection Techniques
Auditing the Revenue Cycle (Chapter 9)
Revenue Cycle Activities and Technologies
Revenue Cycle Audit Objectives, Controls, andTests of
Controls
Substantive Tests of Revenue Cycle Accounts
17
1 (33)
2 (34)
Mar. 12
Mar. 14
1 (35)
2 (36)
Mar. 19
Mar. 21
18
Auditing the Expenditure Cycle (Chapter 10)
Expenditure Cycle Activities and Technologies
Expenditure Cycle Audit Objectives, Controls, andTests of
Controls
Substantive Tests of Expenditure Cycle Accounts
Final Examination
6. Textbook: Hall,James (2012). Information Technology Auditing andAssurance, Third Edition.
Pasig City: Cengage Learning Asia Pte Ltd
Other Reference:
Racaza, C. and Evangelista,R. (2015) Auditing Theory for Students & Practice Guide for Auditors,
5th Edition. Manila: GIC Enterprises