MINISTRY OF EDUCATION & TRAINING SOCIALIST REPUBLIC OF VIETNAM

UNIVERSITY OF ECONOMICS HCMC Independence – Liberty – Happiness

BACHELOR PROGRAM

MAJOR: ACCOUNTING – AUDITING

CONCENTRATION: AUDITING

SYLLABUS
1. Course Title: 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 important issue is that students have to read through all learning materials because
the course covers a huge amount of knowledge provided in many materials.
6. Pre-Requisites: Students have been completed the following courses or
demonstrate the equivalent knowledge:
- Financial Accounting 1
- Internal Controls
7. Course Aims & Outcomes:
The aim of the course is to
- Explain the definition and classification of auditing.
- Describe an overview of auditing environment such as auditing standards,
professional ethics and auditors’ liability.
- Expose how to plan an audit engagement, and indentify key activities involving in
audit planning including making materiality judgment and assessing audit risks.
- 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 audit evidence.

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- Articulate financial statement assertions and how the 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).
- 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
appropriate.
By the end of this course, students should be able to
- Understand what means an entity’s financial statements are presented truly and
fairly.
- Distinguish among financial statement audit, performance 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 relevance 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 audit environment and three-stage audit process (planning, performing
and completing an audit engagement). Key concepts in financial statement
auditing will be explained, namely internal control, materiality, audit risks, audit
assertions, tests of controls, substantive procedures, tests of details, substantive
analytical procedures, audit evidence and audit reports. Those concepts are
fundamental for studying further courses including Internal control, Auditing 2,
Financial statement auditing 1, Financial statement auditing 2, Performance
auditing as well as for writing a thesis of graduation.
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)
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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.
- 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 have to 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::

- Quiz and homework 20%
- Mid-term exam: 20%
- Final exam: 60%
Total 100%
Quiz and Homework:
- Quiz: Small tests will be taken at the beginning of class meetings for verifying the
students’ understanding of previous lecture and their preparation for the current
session’s lecture. Some quizzes will be randomly required to hand in to lecturers for
marking.
- Homework: Students need to do homework and case study assigned for each topic.
Some homework will be randomly required to hand in to lecturers for marking at the
beginning of class meetings.
Mid – term exam:
- Multiple-choice questions, being limited to the first three topics of the syllabus.
Final exam:
Multiple-choice questions (20 - 30 questions): 50%
Discussion questions (2 questions): 50%
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The final exam will cover all six topics of the course syllabus.
Marking criteria:
- Homework: Marking is based on the extent of completeness and understanding
- Discussion questions in the final exam
Marking Criteria Weight
Quality of arguments: relevance, logic and cohesion 20%
Use of frameworks to support analysis 20%
Use of case evidence to support analysis 20%
Originality and usefulness of the analysis 20%
Organization, clarity of expression, editing etc 20%

Penalties:
Students caught cheating on an exam or assignment will be given a ZERO. Please
note 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 (7th ed.):
McGraw-Hill Australia.
2. Auditing Division, Faculty of Accounting and Auditing, University of
Economics HCMC (2019). Auditing – 8thEdition. UEH Publishing House.
- Workbook: Auditing Division, Faculty of Accounting and Auditing, University of
Economics HCMC (2015), Auditing workbook – 3th Edition. Statistics Publisher.
Recommended materials:
1. Whittington, Ray, & Pany, Kurt. (2012). Principles of auditing & other
assurance services (18th ed.). New York: McGraw-Hill Irwin.
2. Robertson, Jack C., Louwers, Timothy J., & Robertson, Jack C. (2002). Auditing
and assurance services (10th ed.). Boston: McGraw-Hill.
3. University of Economics HCMC (2012), Internal Control (2nd ed.). Orient
Publisher.
4. Tran, T.G.T., & Vo, A.D. (2009). Auditor’s professional ethics. Finance
Publisher.

5. Vietnamese Standards on Auditing (2012)

6. Vietnamese Accounting Standards

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14. Additional materials and Equipment: N/A
15. Course Schedule:

Week Topics Reading metarials Preperation

1 Introduction Chapter 1,2,3– Textbook 1 Exercises in Chapter
Topic 1: Introduction Chapter 1 – Textbook 2 1 – Textbook 1
of assurance and Exercises in Chapter
auditing 1 – Workbook
2 Topic 1: Overview of Chapter 1, 2 – Textbook 1 Exercises in Chapter
auditing and Chapter 1 – Textbook 2 1, 2 – Textbook 1
independent auditing Exercises in Chapter
(con’t) 1 – Workbook
3 Topic 2: Internal Chapter 7 – Textbook 1 Exercises in Chapter
controls Chapter 2 – Textbook 2 7 – Textbook 1
Exercises in Chapter
2 – Workbook
4 Topic 2: Internal Chapter 8 – Textbook 1 Exercises in Chapter
controls (cont.) Chapter 2 – Textbook 2 8 – Textbook 1
Exercises in Chapter
2 – Workbook
5 Topic 3: Audit Chapter 4, 5, 6 – Exercises in Chapter
planning Textbook 1 4, 5, 6 – Textbook 1
Chapter 3 – Textbook 2 Exercises in Chapter
3 – Workbook
6 Topic 3: Audit Chapter 4, 5, 6 – Exercises in Chapter
planning (cont.) Textbook 1 4, 5, 6 – Textbook 1
Chapter 3 – Textbook 2 Exercises in Chapter
3 – Workbook
7 Topic 3: Audit Chapter 4, 5, 6 – Exercises in Chapter
planning (cont.) Textbook 1 4, 5, 6 – Textbook 1
Chapter 3 – Textbook 2 Exercises in Chapter
3 – Workbook
8 Topic 4: Audit Chapter 4, 9 – Textbook Exercises in Chapter
evidence 1 4,9 – Textbook 1

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 Chapter 4 – Textbook 2 Exercises in Chapter
4 – Workbook
9 Topic 6: Audit report Chapter 11, 12 – Exercises in Chapter
Textbook 1 11,12 – Textbook 1
Chapter 6 – Textbook 2 Exercises in Chapter
6 – Workbook
10 Topic 6: Audit report Chapter 12 – Textbook 1 Exercises in Chapter
(Cont.) Chapter 6 – Textbook 2 12 – Textbook 1
Exercises in Chapter
6 – Workbook
Review
11 Review
Mid term

DEAN OF FACULTY LECTURERS

NGUYEN DINH HOANG UYEN