Introduction to Audit Practice

The Introduction to Auditing Practices course aims to equip students with a deep understanding and practical skills in conducting risk-based audits of manufacturing companies’ financial statements. In this course, students will comprehensively study the stages of an audit, starting from risk-based planning using the entity’s operational cycle approach, through the execution of the audit—which includes control testing and substantive procedures across the key financial statement cycles (such as the revenue, expense, payroll, inventory, investment, and capital cycles)— through to the audit completion stage, which includes analyzing findings, determining the audit opinion, and preparing the audit report and management letter. This entire process is conducted in accordance with applicable auditing standards and the code of ethics for public accountants, thereby training students to work professionally and ethically.