Khwaja Yunus Ali University

Founder: Dr. M M Amjad Hussain

Faculty : School of Business
Department : Business Administration
Course Name : Auditing and Taxation
Course Code : ACT – 303 (Batch 8th)
Course Facilitator : Md. Monowar Uddin Talukdar, Lecturer,
Dept. of Business Administration, KYAU. Cell: 01718-650131
Program : Bachelor of Business Administration (BBA)
Book Reference : A Handbook of Practical Auditing (Latest Edition) Dr. B.N. Tandon
Bangladesh Income Tax (13th Edition) Dr. Nikhil Chandra Shil, Mohammad Zakaria Masud
Taxation in Bangladesh (17th Edition) Dr Monjur Morshed Mahmud, Dr. Kanchan Kumar purohit

Flow chart Spring - 2020 (March to August)

Activity Key:
C= Counseling, P= Practical, Pt. = Presentation, T= Tutorial, W= Workshop, WE= Written Examination, IW= Individual Work, PW= Pair Work, WCW=
Whole Class Work, GW=Group Work, IQ-Instant Quiz, QQ=Quick Quiz

Learning Objective
Wee Day, Date, Topic (After completing the activity the students will able Activity
k Time & Room to ……)
1 02/03/2020 Chapter: 01 Introduction: Origin of - State the basic concepts of Auditing C & GD
Monday, Audit, Definition of Audit, Difference - Define auditing and assurance
8:30-9:30pm , among Book-keeping, Accountancy and - Differentiate the book keeping, accountancy
Room : 106 Auditing. and Auditing
Page: 01-07

04/03/2020 Accountancy and Auditing, Objectives - Differentiate accountancy and auditing IQ

Wednesday, of Auditing, Location of Errors, Position - Write the objective of auditing
2:30-3:30pm of Auditor in regard to errors and - Show the position of auditor regarding the
Room : 106 frauds affecting financial statements, errors and frauds
Different classes of Audit
 Page: 08-13
2 09/03/2020 Application of continuous auditing,
Monday, advantages and disadvantages of
8:30-9:30pm, continuous audit, Advantages and
Room : 106 disadvantages of interim audit,
Procedure to conduct balance sheet
audit
Page:15-23
11/03/2020 Chapter: 02 An Overview of auditing:
Wednesday, Generally Accepted Auditing practice,
8:30-9:30pm, Confidence, Independence and
Room: 106 Confidentiality, Audit planning and
supervision, Audit Evidence, Gathering
audit evidence
Pages: 24-26
3 16/03/2020 Auditing in Depth, Test check,
Wednesday, Precautions to be taken while applying
2:30-3:30pm test checks, Factors determining size of
Room: 106 sample, compliance to accounting,
auditing standard and enactments,
Accounting auditing statements,
guidance notes and standards, auditing
in a computerized environment
Page: 27-30
18/03/2020 Chapter: 03 The Auditor: Concept of
Monday, auditor, Auditing of financial
8:30-9:30pm, statements and auditing of other areas,
Room : 106 Auditor in audit of financial statements,
audit function of an auditor in regard to
- Identify the position of auditor regarding
the fraud affecting the financial statements
- Classify the audit
- Understand the Concept of continuous Oral Test
auditing &
- Identify the advantages and drawbacks of Assignment
continuous audit
- Show the advantages and disadvantages of
interim audit
- Formulate the procedure to conduct balance
sheet audit
- Discuss the Generally Accepted Auditing QQ
Practice
- Understand the confidence of auditing
- State the independence and confidentiality
of auditing
- Formulate the audit planning
- Know the concept of Audit Evidence
- Conceptualize the test check of audit Oral Test
- Identify the precautionary steps of audit
test check
- Understand of different factors of size
sampling
- Define the auditing standard
- Posturize the accounting auditing standard
and enactments
- Use the computerized environment in audit
work
- Understand that who are the auditors WCW
- Conceptualize the auditing of financial
statements
- Draw the functions of auditors in the
financial statements
 financial statements, auditor as a
reviewer- review of financial
statements
Pages: 33-35
4 23/03/2020 Auditor as a doer of an agreed upon
Wednesday, procedure, auditor as a compiler,
2:30-3:30pm auditor’s association with financial
Room: 106 statements- extent of responsibility, the
different engagement of auditor in audit
of financial statements and
independence of auditor, certain
safeguards to uphold independence of
auditor.
Pages: 35-37
25/03/2020 Chapter: 04 Audit Planning and audit
Monday, control: Audit planning – a continuous
8:30-9:30pm, and permeating exercise, Benefits of
Room : 106 audit planning, Factors affecting audit
planning
Pages: 40-42
5 30/03/2020 Audit programming, advantages of
Wednesday, audit program, audit control, audit
2:30-3:30pm control over assistant, audit control
Room: 106 over the work performed by others,
coordinating the work of other
auditors, quality control for audit work,
quality control in an individual audit
Pages: 43-46
01/04/2020 Chapter 05: Audit Objectives and Scope
Monday, of Audit of Financial Statements:
- Posturize that how and auditor reviews a
financial statement
- Identify the work of an auditor as a WE
compiler
- Discuss about the auditor’s association
- Conceptualize different engagement of
auditor in audit of financial statement
- Define the safeguards of auditor to uphold
the independence
- Illustrate the audit planning and audit Pt. &
control Assignment
- Understand the concept of permeating
exercise of auditor
- Define the factors affecting of an audit
planning
- Clarify the audit programming concept WE&IW
- Judge the advantages and drawbacks of
audit program
- Coordinate the work of other auditors
- Create the quality control in an individual
audit and audit control
- Explain the audit objectives with scope of GW
auditing practice of financial statements
 8:30-9:30pm, Auditing by Objectives, Audit objective - Match the audit objective and exclusion
Room : 106 – Exclusion clause, Expression of clause
opinion- the objective of the audit - Define the expression of opinion of the audit
Pages: 49-50

6 06/05/2020 Opinion, Opinion as to the truth and
Wednesday, fairness of the financial statements,
2:30-3:30pm Expression of opinion- misconceptions
Room: 106 dispelled scope of the audit of financial
statements inherent limitation of audit.
Pages: 50-51
- Understand the audit opinion IW
- Judge the fairness of the financial
statements
- Express the opinion of the auditor in the
financial statements

09/05/2020
Monday, Class Test CT
8:30-9:30pm,
Room : 106
7 13/05/2020 Chapter: 06 The Auditors - Apprise the responsibility of auditors, Individual
Wednesday, Responsibility to Consider Fraud and considering the fraud and error in the work & GD
2:30-3:30pm Error in Audit of Financial Statements: financial statements
Room: 106 Recognizing the inherent risk of errors - Recognize the inherent risk of error and
and frauds in financial statements, fraud
Error, Fraud-described, Error and - Compare the errors and frauds
Fraud compared, Errors and Fraud - Categorize the frauds and errors
categorized, AAS on Auditor’s - Detect the fraudulent activities in the
responsibility to consider fraud and financial statement
error in audit of financial statement, the
responsibility for prevention and
detection of fraud.
Pages: 53-54

17/05/2020 Professional skepticism Vs Cynicism, - Conceptualize the professional skepticism GW

Monday, understanding of the susceptibility of - Compare the professional skepticism and
8:30-9:30pm, the entity to material misstatements cynicism
Room : 106 resulting from fraud, examples of fraud - Point out the fraud risk factors
 risk factors, fraud risk factors relating - Select the fraud risk factors at the time of
to misstatement resulting from financial reporting
fraudulent financial reporting.
Pages: 54-57

Midterm Examination

8 07/04/2020 Definition of public finance, scope of - detect the basic concept of public finance IW
Wednesday, public finance, functions of public - show the scope and functions of public
2:30-3:30pm finance, Definition of tax.. Pages: 01-11 finance
Room: 106 - define tax.
00/04/2020 Objectives of tax, canon of taxation, - summarize Objectives & classification of tax Pt.
Monday, classification of tax, tax systems in - canon of taxation
8:30-9:30pm, Bangladesh.. Pages: - identify tax systems in Bangladesh
Room : 106
9 14/04/2020 Definition of income tax, income tax - define of income tax & income tax systems in Viva
Wednesday, systems in Bangladesh, constituents of Bangladesh
2:30-3:30pm income tax ordinance, income tax vs - identify constituents of income tax ordinance
Room: 106 expenditure tax.
- differentiate tax and expenditure tax.
Pages:

00/04/2020 Distinguishing test of capital and revenue - Identify capital and revenue receipts and GW
Monday, receipts and expenditures, classifications expenditures
8:30-9:30pm, of income for tax purposes Pages: - classify income for tax purposes
Room : 106
10 21/04/2020 Definition of Assessee, classification of - Define Assessee Oral test
Wednesday, assesse, tax authorities, Income year, tax - classify of assesse
2:30-3:30pm year, tax rate & TIN. - identify tax authorities
Room: 106 - define Income year, tax year, tax rate & TIN
 00/04/2020 Tax assessment and collection , Definition - demonstrate Assessment procedure Pt.
Monday, of salary under income tax, elements of - show rules for payment and collection of tax
8:30-9:30pm, salary, exclusion from salary income - identify the head of salary under income tax
Room : 106 Pages: 74-75 - find out the way to solve the practical
problems of salary under income tax.
11 21/04/2020 Problems solving in income from salary - application the way to solve the practical IW
Wednesday, Pages: 77-79 problems of salary under income tax
2:30-3:30pm
Room: 106
00/04/2020 Definition of interest on securities, - develop the analytical ability by solving Workshop
Monday, problems solving in income from practical problems arises in the field of income
8:30-9:30pm, securities Pages: from securities.
Room : 106
12 21/04/2020 Income from house property , problems - solve the practical problems of Income from WCW
Wednesday, solving. Pages: house property
2:30-3:30pm
Room: 106
00/04/2020
Monday, Class Test-02 CT
8:30-9:30pm,
Room : 106
13 21/04/2020 Income from agriculture & problems - solve practical problems arises in the field of WE
Wednesday, solving Pages: income from agriculture
2:30-3:30pm
Room: 106
00/04/2020 Income from Business & profession , - solve the practical problems of Income from C&Q
Monday, problems solving Pages: Business & profession.
8:30-9:30pm,
Room : 106
14 21/04/2020 Assessment of individual, Pages: - solve practical problems arises in the field of Assignment &
Wednesday, Assessment of individual. Presentation
2:30-3:30pm
Room: 106
 00/04/2020 Gift tax, characteristics of gift tax, - Define Gift tax & characteristics of gift tax L&IW
Monday, valuation of gift, assessment of gift tax - Calculate gift & assessment of gift tax
8:30-9:30pm, - Identify Rates of gift tax & procedure of
Room : 106 assessment
15 21/04/2020 Rates of gift tax, procedure of assessment, - solve the practical problems of Assessment L&WCW
Wednesday, problems solving of gift tax
2:30-3:30pm - Evaluate the internal control
Room: 106
00/04/2020
Monday, Review Class Review Class RC
8:30-9:30pm,
Room : 106

Final Examination

Approved by: Prepared by:

______________________________________ ________________________________________
(Md. Aminuzzaman Talukder) (Md. Monowar Uddin Talukdar)
Assistant Professor and Head Lecturer
Department of Business Administration Department of Business Administration
Khwaja Yunus Ali University Khwaja Yunus Ali University