Risk Management Advanced Auditing

AY2020/2021 Semester 1

To sustain value, corporations today recognize the need for active engagement in setting objectives and overseeing programs associated with Enterprise Risk Management (ERM). The first segment of the course provides an overview of risks that can threaten the attainment of organizational objectives, and the ERM concepts, frameworks and techniques for identifying, assessing and managing risks. The second segment of the course extends foundational auditing knowledge and techniques covered in AC2104 Assurance and Auditing by examining advanced auditing concepts and complex issues faced by auditors and assurance providers in current practice. Topics include the auditing of complex issues related to revenue recognition, significant accounting estimates and group financial statements. You will also be exposed to hands-on data analytics and data-mining application in the areas of business risks, fraud risks and audit analytics.