Department of Accounting
Detailed Syllabus of Third Year
Four-Year B.B.A. (Honours) Course
Effective from the Session: 2009–2010
Syllabus for 4 years BBA Honours Course
Subject : Accounting
Third Year (Honours)
Third Year: 32 Credit Hours
Audit and Assurance
Management Accounting (in English)
Financial Management (in English)
Business & Commercial Laws
Banking and Insurance Theories, Laws and Accounts
Class Hours: 60
AUDIT AND ASSURANCE
The Demand for Audit and Other Assurance Services: Definition of auditing, Nature of Auditing, Distinction Between Auditing and Accounting, Economic Demand for Auditing, Assurance Services, Types of Audits and Auditors. 2.
The Auditing Profession: Chartered Accountant (CA) Firms and their Activities, Structure of CA Firms, Role of BSEC in relation to auditing, BSEC’s Corporate Governance Guidelines and Audit vs. Non-audit Activities, ICAB, US GAAS, International Standards on Auditing (ISA) and Bangladesh Standards on Auditing (BSA), Statutory Cost Audit. 3.
Audit Reports: Parts of the Audit Report, Categories of Audit Reports, Report on Internal Control Over Financial Reporting, Unqualified Audit Report with Explanatory Paragraph or Modified Wording, Conditions Requiring a Departure from Unqualified Opinion, Audit Reports Other Than Unqualified: Qualified Auditors’ Reports (Qualified, Adverse and Disclaimer) and Auditors’ Reports with emphasis on materiality. 4.
Legal Liability: The legal environment of audit profession, Auditors’ Liability to clients, Auditors’ Liability to third parties under common law, Auditors’ Civil liability, Auditors’ Criminal liability, Profession's response to liability. 5.
The Audit Responsibilities and Objectives: Objective of Conducting an Audit of Financial Statements, Steps to Develop Audit Objectives, Management’s Responsibilities, Objectives of the Auditor, Auditor's Responsibilities, Financial Statement Cycles, Setting Audit Objectives, Management Assertions, Transaction-Related Audit Objectives, Balance-Related Audit Objectives, Presentation and Disclosure-Related Audit Objectives, How Audit Objectives are Met, Phases of a Financial Statement Audit. 6.
Audit Evidence: Definition of Evidence, Distinguishing among scientific, legal and audit evidence, Audit Evidence Decisions, Audit Program, Persuasiveness of Evidence, Types of Audit Evidence, Application of Types of evidence to the Evidence Decisions, Audit Documentation, Audit File Contents and Organization. 7.
Audit Planning and Analytical Procedures: Steps in Planning an Audit and Designing an Audit Approach, Initial Audit Planning, Obtaining an Understanding with the Client, Developing Overall Audit Strategy, Understanding of the Client’s Business and Industry, Assess Client Business Risk, Preliminary Analytical Procedures, Analytical Procedures. 8.
Audits of Internal Control and Control Risk: Internal Control Objectives, Management’s Responsibilities for Establishing Internal Control, Management’s Assessment of Internal Controls, Auditor Responsibilities for Understanding Internal Control and Testing Internal Control, Components of Internal Control, Process for Understanding Internal Control and Assessing Control Risk, Obtain and Document Understanding of Internal Control, Assessing Control Risk. 9.
Overall Audit Plan and Audit Program: Audit Tests, Types of Audit Tests: Risk assessment procedures and Further audit procedures, Relationship Between Further Audit Procedures and Evidence, Audit Assurance at Different Levels of Internal Control...
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