MINISTRY OF EDUCATION & TRAINING SOCIALIST REPUBLIC OF VIETNAM

UNIVERSITY OF ECONOMICS HCMC Independence – Liberty – Happiness

____________________________ _____________________________________

BACHELOR PROGRAM

MAJOR: ACCOUNTING/AUDITING

SYLLABUS
1. Course Title: Fundamental Auditing/Principles of Auditing
2. Course Code:
3. Number of credits: Three (3) credits
4. Level: Bachelor
5. Study Load: Students should be expected to spend at least 12 hours of learning
for this course per week. An estimation of how the 12 hours per week can be
accumulated is suggested below.

Attending in-class session: 03 hours per week

Reading and reviewing learning materials: 06 hours per week
Doing homework & other assignments: 03 hours per week
The most important thing is that students should read through all learning materials
because the course covers a vast amount of knowledge provided in many materials.
6. Pre-Requisites: Students have been completed the following courses or
demonstrate the equivalent knowledge:
- Principles of Accounting
- Financial Accounting 1
7. Course Aims & Outcomes:
The aim of the course is to
- Explain what auditing is and different types of audits and auditors.
- Expose how to plan an audit engagement and identify key steps in audit planning
including making materiality judgment and assessing audit risk.
- Discuss the definition, components, and limitations of internal controls; describe
the process that external auditors use to assess the effectiveness of a client’s
internal controls including designing and performing tests of controls.
- Explain the definition of audit evidence, criteria to evaluate audit evidence and
procedures to obtain sufficient appropriate audit evidence.
- Articulate financial statement assertions and how these assertions drive the
choice of substantive procedures to be performed.
- Identify necessary audit procedures to be performed before completing an audit
engagement (completion and review procedures).
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- Describe the purpose of an audit report and the information that is included in;
identify the types of audit opinions and the circumstances in which each type is
chosen.
By the end of this course, students should be able to
- Understand assurance and auditing services.
- Distinguish among financial statement audit, operational audit, and compliance
audit.
- Apply the understanding of internal controls to assess a client’s internal control
system.
- Plan an audit engagement, including making materiality judgment and assessing
audit risks.
- Perform audit procedures such as tests of controls, substantive analytical
procedures and tests of details.
- Evaluate the appropriateness and sufficiency of audit evidence.
- Make a decision on audit opinion in different circumstances and prepare a proper
audit report.
Relationship of the course’s outcomes to the outcomes of other courses:
The course will provide fundamental knowledge about auditing such as its
definition, classification, and role in the economy. In addition, this course will
describe three-stage audit process (planning, performing, and completing an
audit engagement). Key concepts in financial statement auditing will be
explained, namely internal controls, materiality, audit risks, audit objectives,
tests of controls, substantive procedures, tests of details, substantive analytical
procedures, audit evidence and audit reports.
8. Course Description:
The course is designed to provide basic understanding of key audit concepts and
techniques including definition and classification of auditing, audit environment and
the process of financial statement auditing.
Additionally, this course will provide knowledge and skills to perform audit
procedures.
9. Student Responsibilities: (Class attendance, discussion, presentation, taking
exams as scheduled)
Workload:
- Read and critically analyze the course materials and related journal articles.
- Prepare homework before each class meeting, and give solutions in class
Attendance:
- Read through all course materials at home, locate the problems and raise
them in class.
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 - Listen to the lecture, raise questions and participate in discussion.
10. Teaching Strategies:
- The teaching strategy is student-centred pedagogy. The course
is a combination of lecture, discussion, and case study.
- Integration of lecture, case study and discussion: in class,
lecturers will present and explain the key audit concepts, then
raise the questions to direct students to the important issues
that need to be more speculated. Furthermore, lecturers will
provide case studies to make students be familiar with solving
problems in real life. Students must read the course materials
before class meetings, do homework, identify and raise the
problems in class for discussion. Based on the discussions,
lecturers will summary the issues and correct the homework
assigned to evaluate the students’ comprehension.

11. Evaluation: Your grade will consist of the following:

- On-going exam: 40%
- Final exam: 60%
Total 100%
On-going exams:
Tests of multiple-choices (LMS) and other written questions.
Final exam:
Tests of multiple-choice questions and written questions.
The final exam will cover all topics of the course syllabus.
Penalties:
Students caught cheating on an exam or assignment will be given a ZERO. Please be
noted that cheating includes plagiarism.

12. Course Grading Scale: 10/10

- The course grading scale is 10-point system, with ten being the highest and zero
being the lowest.
13. Recommended Resources:
Compulsory materials:
- Textbook:
1. Gay, G., & Simnett, R. (2018). Auditing and assurance services in Australia (7th
Edition.): McGraw-Hill Australia.

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2. Auditing Division, Faculty of Accounting, University of Economics HCMC
(2019). Auditing (8th ed.) Labor Publishing House (Sách Kiểm toán – Xuất bản
lần thứ 8, 2019, Trường Đại học Kinh tế TP.HCM)
- Workbook:
Auditing Division, Faculty of Accounting, University of Economics HCMC (2021),
Auditing workbook (4rd ed.): Finance Publishing House. (Sách Bài tập Kiểm toán –
Xuất bản lần thứ 4, 2021, Trường Đại học Kinh tế TP.HCM)
Recommended materials:
1. Arens, A. A. (2016). Auditing and assurance services (16th ed.). Boston: Pearson.
2. Whittington, Ray, & Pany, Kurt. (2012). Principles of auditing & other
assurance services (18th ed.). New York: McGraw-Hill Irwin.
3. Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt.
Auditing Cases: An Interactive Learning Approach (6th Edition)
4. University of Economics HCMC (2016), Internal Control (3rd ed.): UEH
Publishing House.
5. Tran, T.G.T., & Vo, A.D. (2009). Auditor’s professional ethics: Finance
Publisher.

6. Vietnamese Standards on Auditing (VSA)

7. Vietnamese Accounting Standards (VAS)

14. Additional materials and Equipment: N/A

15. Course Schedule:

Session Topics Reading metarials Preperation

Introduction Exercises in Chapter 1 –
Chapter 1– Textbook 1 Textbook 1
1 Topic 1: Introduction
of assurance and Chapter 1 – Textbook 2 Exercises in Chapter 1 –
auditing services Workbook
Topic 2: Overview of Exercises in Chapter 1, 2
Chapter 1, 2 – Textbook
independent auditing – Textbook 1
2 1
and audit Exercises in Chapter 1 –
environment Chapter 1 – Textbook 2
Workbook
Exercises in Chapter 7 –
Topic 3: Internal
Chapter 7 – Textbook 1 Textbook 1
3 controls
Chapter 2 – Textbook 2 Exercises in Chapter 2 –
Overview of IC
Workbook
Topic 3: Internal Exercises in Chapter 7 –
controls (cont.) Chapter 7 – Textbook 1 Textbook 1
4
Evaluation of IC by Chapter 2 – Textbook 2 Exercises in Chapter 2 –
auditors Workbook

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 Exercises in Chapter 4, 5,
Chapter 4, 5, 6 –
Topic 4: Audit 6 – Textbook 1
5 Textbook 1
planning Exercises in Chapter 3 –
Chapter 3 – Textbook 2
Workbook
Exercises in Chapter 4, 5,
Chapter 4, 5, 6 –
Topic 4: Audit 6 – Textbook 1
6 Textbook 1
planning (cont.) Exercises in Chapter 3 –
Chapter 3 – Textbook 2
Workbook
Chapter 1,2,4,5,6,7–
Textbook 1
Mid-term test Chapter 1,2,3 – Textbook
Self-revision and attend
7 2
(via LMS) the test online
From the beginning of
the course to the end of
Audit planning Topics.
Exercises in Chapter 4,9
Chapter 4, 9 – Textbook
Topic 5: Audit – Textbook 1
8 1
evidence Exercises in Chapter 4 –
Chapter 4 – Textbook 2
Workbook
Exercises in Chapter
Topic 6: Audit report Chapter 12 – Textbook 1 11,12 – Textbook 1
9
Chapter 6 – Textbook 2 Exercises in Chapter 6 –
Workbook

DEAN OF SOA LECTURER

Mai Đức Nghĩa

(ducnghia@ueh.edu.vn)