AUDITING 1–1
Overview of the Class
Adding the Course 加簽
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Email me for authorization codes
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Quota: 20 students
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Agenda
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Overview of the class (and the syllabus)
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What This Course is For
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Auditing and assurance services. Mainly financial statement (F/S) audit.
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What are the differences between auditing and assurance services?
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What do CPAs do?
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What are the requirements for CPAs in a F/S audit?
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How to do F/S audit?
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This semester (Auditing 1): concepts and theories
Next semester (Auditing 2): account-by-account audit practices
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About This Course
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Two parts:
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Lecture sessions: Monday 14:20 – 17:20
100% English in the class.
• After class Q&As can be in Mandarin (Chinese).
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Tutorial sessions: Wednesday 12:20 – 14:10
Review of the lecture of the week (in Mandarin).
• Guidance on exercises (in Mandarin or English, depending on student need).
• Review of midterm exam on 10/25 (in English).
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Special arrangements of lecture and tutorial sessions:
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11/15 tutorial time will be used for lecture!!
11/20 lecture time will be used for tutorial!!
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About the Lecturer
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Szu-fan Chen
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Email: sfanchen@ntu.edu.tw
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Office: Room 804, Building II, College of Management
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Office Hour: by appointment (through email)
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My background:
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CFE.
Industry experience.
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About the Teaching Assistant
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YS Zheng 鄭羽珊
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Email: r12722042@ntu.edu.tw
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Responsibilities:
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Organize the purchase of the textbook.
Tutorial sessions.
Grading.
Review midterm exam.
Arrange paper check of the final exam for those needing it.
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Course Materials
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Check the syllabus.
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Get the required textbook (Elder, Beasley, Hogan, and Arens, 17E).
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Download the following:
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2021 IAASB Handbook (Volumes 1 and 2)
2022 Handbook of the International Code of Ethics for Professional Accountants
References are optional:
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Whittington and Pany 22E can be found in the library.
Other materials in mandarin: follow the hyperlink in the syllabus
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Purchasing the Required Textbook
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URL for group purchase discount:
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http://eshop.hwatai.com.tw/SalePage/Index/X6Bfnu0iTZQ1dCcc-rKLKA==
(Copy the complete link or use the QR code below)
Discount code for shipping fee waiver: SPFREE23 (9/1~9/30, each member
can use the code only once)
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Course Evaluation
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Midterm exam
25%
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Final exam
25%
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Quizzes
20%
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Exercises
25%
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Class participation
5%
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Exams
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General rules:
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Midterm exam
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No makeup. If you miss it, the weight will be shifted to the final exam.
Final exam
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Open notes: Three A4-size double-sided paper . FLAT.
No electronic device (except a calculator).
Cumulative.
Special considerations:
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ISA/ISRE/ISQM/Code of Ethics that we mentioned in the class will be in the exam,
even for the portions that we do not cover.
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Read them on your own!
Finding an error about the concepts in the slides or in what I write during the lecture:
+1% (out of 25%) of final exam for each error.
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Must be about the concepts. Typos do not count.
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Quizzes and Exercises
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Quizzes:
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Assigned in the class. Will be online. Bring a laptop/tablet or a smart phone.
Lowest grade will be dropped.
Exercises:
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Will be online. Some are individual and some are group assignments.
Sign up a group with no more than 5 members on NTU Cool.
Normally one exercise every week and due by the end of Sunday.
Lowest grade will be dropped.
Note: there is an exercise this week! Check it out!
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Class Participation
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Attendance is not participation.
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Minimum grade is -5%!
If you cause great trouble to the class.
• Silence your phone during the class.
• If you are a student with special education needs, let me know ASAP.
• Everyone starts at 0%.
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How to earn full mark?
Ask or answer 3 questions during the lecture. After-class questions do not count.
• First question 2%, second question 2%, and third question 1%  5% in total.
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Recording your participation:
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Take a selfie with me and the date on the whiteboard, and upload the picture to the
participation assignment on NTU Cool. JPG only.
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Organize Your Learning
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Lectures:
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Introduce the key concepts of each topic.
Explain difficult concepts of the learning materials.
Participation:
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Prompt feedback in the class helps my teaching and your learning. You may earn
grades by asking me to slow down or to explain a concept again.
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Quizzes: a quick recall of some key concepts learned in the class.
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Reading and review after class: supplemental learning.
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Exercises (and additional practice questions):
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Enhance your learning of the materials.
Identify and fix the blind spots of your learning.
Tutorials: for those having difficulties understanding the class in English.
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Tentative Schedule
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Check the course syllabus.
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Special dates:
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On 11/13 we will have guest speakers from Deloitte.
11/15 and 11/20 lecture and tutorial sessions will be swapped.
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Course Website
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On NTU Cool.
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Syllabus, slides, discussion board, quizzes, and exercises.
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Discussion board:
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For all questions about the course materials, ask on the discussion board.
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E.g., questions about week 1 slides; questions about the exam; questions about the
exercises; etc.
Need the notes I write in the class or other materials? Just ask!
Only email me about personal matters (for example, you have to skip the
next two classes for some reason).
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Special Notes about This Course
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The purpose of this course is to give you a quick intro on auditing and
assurance services
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We do not (and cannot) cover :
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All auditing and assurance standards
All legal liabilities for auditors
All ethical requirements for auditors
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Quiz (Not Graded)
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True or false: we will have two midterm exams in this semester.
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True or false: we will do quizzes on the paper.
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True or false: we will have lecture on 11/15 (Wednesday).
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True or false: tutorial sessions will review the lecture of the week in
English.
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When you have questions about an exercise problem, what should you
do?
A.
B.
C.
Ask Prof. Chen by email.
Post the question on the course discussion board.
Ask TA by email.
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Quiz (Not Graded)
Which of the following may cause a deduction of participation grades?
1.
A.
B.
C.
D.
E.
2.
Bring your smartphone to the class.
Ask (politely) the lecturer to go back to the last slide and explain a specific point
again.
Be late to the class.
Let your smartphone ring in the class, pick it up, and answer the phone in the
class.
Point out an error in the slide during the class.
Which of the above will increase participation marks?
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SEE YOU NEXT
WEEK!
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