http://swrc.ontoware.org/ontology#Misc BAC 307/05 Auditing and Assurance Services in Malaysia course guide en Auditing and audit process Application of the audit process to the sales and collection cycle Application of the audit process to other cycle Completing the audit Assurance engagement and related services Wawasan Open University Auditing This course guide provides you with an overview of the demand for audit and other assurance services. It also covers the audit responsibilities and audit objectives. Unit 2 discusses the concept of materiality and risk, how to allocate preliminary judgement, estimate and determine preliminary judgements. Unit 3 explains the audit process for other cycles such as payroll and personnel, acquisition and payment, inventory and warehousing, acquisition and repayment and cash balances. Unit 4 discusses the concepts of reviewing for contingent liabilities, commitments and review for subsequent events. The last Unit elaborates the assurance engagements and related services provided by auditors such as attestations, prospective financial statements, agreed-upon procedures, review, compilation, review interim financial information and special purpose audit. Electronic Wawasan Open University