course description for Audit Practice & Simulation (Case Studies) – typically offered in Year 4, Semester 8 of a BBA in Auditing:

Audit Practice & Simulation (Case Studies)

Course Code: BBA-AUD 500
Credit Hours: 3
Semester Offered: Year 4 – Semester 8

Course Description

This course provides students with practical auditing experience through simulated audits and real-world case studies. It integrates concepts from all prior auditing courses, including internal controls, evidence gathering, reporting, ethics, and fraud detection. Students will engage in hands-on exercises, applying audit procedures, documenting findings, and preparing audit reports. The course emphasizes professional judgment, decision-making, and problem-solving in realistic audit scenarios.

Course Objectives

By the end of the course, students should be able to:

1. Apply auditing principles and standards in practical scenarios.

2. Conduct audit simulations for different business and accounting situations.

3. Identify and evaluate risks, internal controls, and audit evidence.

4. Prepare audit documentation and reports in compliance with ISA.

5. Analyze ethical dilemmas and fraud risks in case study scenarios.

6. Develop professional judgment and problem-solving skills for auditing practice.

Learning Outcomes

Upon successful completion, students will be able to:

• Conduct full-cycle audits in simulated business environments.

• Evaluate and document audit evidence, findings, and recommendations.

• Apply auditing standards and ethical principles in practice.

• Use case studies to identify fraud, internal control weaknesses, and compliance issues.

• Present audit findings and reports professionally to stakeholders.

Key Topics

1. Introduction to Audit Simulation

   • Purpose and methodology of simulated audits

   • Overview of audit case study approach

2. Planning and Risk Assessment

   • Assessing audit risk and materiality in practice

   • Designing audit procedures for case scenarios

3. Evidence Collection and Evaluation

   • Inspection, observation, confirmation, and analytical procedures

   • Documentation of audit findings

4. Audit Reporting

   • Preparing unmodified, qualified, and adverse opinions

   • Drafting emphasis-of-matter and key audit matters

5. Fraud and Ethical Considerations

   • Identifying fraud risk in case studies

   • Ethical dilemmas and professional judgment

6. Integrated Case Studies

   • Full-cycle audits of simulated companies

   • Industry-specific case scenarios (manufacturing, services, e-commerce)

7. Presentation and Defense of Audit Findings

   • Preparing professional audit reports

   • Oral presentation and justification of findings

Teaching Methods

• Hands-on simulation exercises

• Case study analysis and group work

• Role-play in audit teams

• Workshops on audit documentation and reporting

Assessment Methods

• Simulation Exercises & Reports: 40%

• Assignments & Case Study Analysis: 20%

• Midterm Examination: 10%

• Final Examination / Audit Simulation Project: 30%

???? Recommended Textbooks & References

1. Arens, A. A., Elder, R. J., & Beasley, M. S. – Auditing and Assurance Services: An Integrated Approach

2. Knechel, W., van Staden, C., & Sun, L. – Audit Evidence and Reporting

3. ACFE – Fraud Examiners Manual

4. International Standards on Auditing (ISA) – IFAC/IAASB