Oman College of Management & Technology
COURSE SYLLABUS
Department of Administrative and Financial Sciences
Course Code
& Title
Semester
Instructor
Class
Schedule
Office Hours
Web Site
E-mail
203302– Auditing I
FIRST SEMESTER 2015/2016
Dr. Udaykumar, Room: 126
12.30-13.30 (SUN,TUE,THU)
Monday, Wednesday,Tuesday
10.00 - 11.30
www.omancollege.edu.om
Uday.kumar@omancollege.edu.om
Teaching Methods:
The course will be based on the following teaching and learning activities:
 Class lecturers using power point
 Review question and answers
 In-class Discussion on important concepts.
Course Description:
Introduction professional code of ethics, objectives and responsibilities of auditors, types of
audit evidence and documentation, audit planning, estimating materiality and risk, study and
evaluation of internal control system, auditing of sales and collection cycle, auditing report,
international auditing standards.
Course Objectives:
The primary objective of the course is to facilitate the learner to acquire skills and knowledge in
Auditing so as to understand different concepts and methods of auditing which helps the
management in achieving its goals and objectives successfully.
Learning Outcomes:
After completing the course, the students will be able to understand the importance of
auditing in an organization and how to control the organization through audit.
Course Time Table:
Week
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Topics
Introduction to Audit, Why audit, importance of audit
types of audits, Attributes of an auditor
The Audit Process and preparation of audit
REPORTING OF AUDITS
Audit Responsibilities to discover the frauds and illegal acts
and
Objectives
Transaction
Flow
First Exam
Management Assertions for each category of assertions
Each CategoryAssertions
of AssertionsManagement
Assertions
Management
and transactions-related
auditfor
objectives
Each Category
AssertionsEach
Category of Assertions
Transaction-related
Audit
ObjectivesCategories
of Operating costing
Audit
Evidence,oftypes
of audit
evidence
Tracing vs. Vouching
Audit Risk
Second Exam
Types of transactions, Overall Types of Audit Procedures
Types of Working Papers
Planning the Audit, scope and audit skills
Auditor Qualification Criteria
Final Exam
Students Activity
Students are expected to undertake take home assignments in topics of special importance in
auditing
Textbook/References:
 Auditing and assurance Services- Timothy J Louwers 2nd edition,ISBN9780071102988
Performance Evaluation:
The grade will be based upon the following:
First Exam
Second Project (Exam)
Class Participation & Activity
Final Project (Exam)
20%
20%
10%
50%
Student Responsibility:
• M o b i l e phones must be turned off during class time.
• Students are expected to participate in class discussion and critiques. Failure to do so
will result
in grade reduction.
•
Students are expected to follow OCMT’s standardized attendance policy. Lecture
attendance is mandatory. Students are allowed maximally of 15% absentia of the total
module hours.
• Students are required to work on projects in and outside of class, and must complete all
assignments.
• Meeting all deadlines and complete all assignments, (Late papers will not be accepted).
• Coming on time and staying till class is over.