Auditing is Awesome

Hello! DAT3B's here :-) Welcome to our Auditing class' blog! We will be updating the stuff we learn in our class here so stay tuned!

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THE BEST TECC PUO STUDENT GROUP CHALLENGE

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HEAD OF AUDITING MODULES: 

Mishalini Devi a/p Selvarajah

Blog created by: Fatihah bt Khairuddin

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Tumblr claims to be the easiest way to blog. A big statement, but shown by the exploding popularity of the platform, it is in many ways true. Calling itself a micro-blogging platform, Tumblr takes a leap to the next level of simplicity where you can post all sorts of media in seconds. With a very heavy focus on social media and interaction, Tumblr is a great way to create a slick, modern and social blog.

https://www.fractuslearning.com/2012/02/24/platform-class-blog/ (via auditingisawesomeohyeah)

“ Why we choose tumblr as class blog? ”

It’s part blogging platform like Wordpress or others blogger and part social networking service, letting users create and post their own original content. Our member can follow creator.  Tumblr is extremely visual, and also tends to have younger users quick to use reblog or post videos/photos/articles and also easy version of a blog. The most important thing , easy to get started.

(via auditingisawesomeohyeah)

tumblr boleh memasukkan teks link sekali gus dapat membantu menadaptasikan input info tambahan untuk memperkuat atau memperluas pembelajaran pelajar dalam suasana komunikasi  media sosial selain facebook

[auditingisawesomeohyeah]

awesome CA 

[auditingisawesomeohyeah]

Tumblr claims to be the easiest way to blog. A big statement, but shown by the exploding popularity of the platform, it is in many ways true. Calling itself a micro-blogging platform, Tumblr takes a leap to the next level of simplicity where you can post all sorts of media in seconds. With a very heavy focus on social media and interaction, Tumblr is a great way to create a slick, modern and social blog.

https://www.fractuslearning.com/2012/02/24/platform-class-blog/ (via auditingisawesomeohyeah)

" Why we choose tumblr as class blog? "

It's part blogging platform like Wordpress or others blogger and part social networking service, letting users create and post their own original content. Our member can follow creator.  Tumblr is extremely visual, and also tends to have younger users quick to use reblog or post videos/photos/articles and also easy version of a blog. The most important thing , easy to get started.

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Media2.mp4

Industrial Talk - MICPA be came an Accountant

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This seminar also revealed me about the collaboration between MICPA and Institute of Chartered Accountants Australia (ICCA).

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It wil be lovely memories... #maliniravichandran

Class of DEC 2016 (36 students, 92 comments)in openlearning.com 

great all 100% complete          

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Thz quiz helps urs to understand… #maliniravichandran

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REFLECTION ON AUDIT SEMINAR

From the seminar,I got to know more about Malaysian Institute of Certified Public Accountant (MICPA). It has 30 council members and 15 working committees.I also learned that there are 3,200 members and 800 candidates in MICPA while 15% work overseas.I learned that I can be a part of a global network of 800,000 professional accountants with my GAA passport.

 I got the chance to know the president and vice president of MICPA through this seminar.

1.PRESIDENT - DATO’ ABDUL RAUF RASHID

2.VICE PRESIDENT - MR TAN THENG HOOI

This seminar also revealed me about the collaboration between MICPA and Institute of Chartered Accountants Australia (ICCA).This collaboration started since 2009 as a joint programme which grants memberships to both institutes.

 I got to know that the ICCA and the New Zealand Institute of Chartered Accountants (NZICA) members have voted in favor of creating one new institute namely Chartered Accountants Australia and New Zealand (CAANZ).

 I also got to know the council members of MICPA.Some of the members are:

 ROZAINI BIN MOHD SANI - chief operating officer

 MR LEE TUCK HENG - partner

 DATO’ MEGAT SHAH - partner

 MS THERESA GOH - partner 

I realized that if we took the MICPA-CAANZ Programme,we would be able to get dual qualification which is:

2 membership

2 titles [ CPA (M) + CA (ANZ) ]

 WHY MICPA?

From this seminar,I got to know the reasons why we need to choose MICPA as our choice.The following are the reasons :

Relevance

Respected

Partnership with CAANZ

Global recognition & network

Fast-track for diploma holders

Realistic & achievable

Application skills

Personal development

Assessment structure

Quick to complete

Employer support

 MICPA conducts two (2) levels of examinations namely Professional Stage Examination and Advanced Stage Examination.The Professional Stage Examination is tailored for Diploma in Accounting holders who wish to continue on to the Advanced Stage Examination without having to complete a Degree in Accounting.

1.ADVANCED STAGE EXAMINATION

I got to know more about this programme in details through in this seminar.The details are as follow:

 There are 5 modules in the programme :

1.CAPSTONE MODULE

2.AUDIT & ASSURANCE

3.FINANCIAL ACCOUNTING & REPORTING

4.MANAGEMENT ACCOUNTING & APPLIED FINANCE

5.TAXATION

Candidates can undertake 4 technical modules in any order and must complete the programme with the final capstone module.I also got to know that there are 3 terms in a year for the technical modules in which each term is 12 weeks in duration.Two technical modules are offered in each term and candidates can enrol for only one module per term.Lastly,I understood that the final capstone module is offered twice a year in which each session is 14 weeks in duration.

I also learned that the overall pass rate to-date is 70% from this seminar.

2.PROFESSIONAL STAGE EXAMINATION

Next,attending this seminar,I received many information about the Professional Stage Exam (PES).

 This examination consists of 4 modules which is:

Business & Company Law

Auditing

Financial Reporting

Business Strategy & Financial Management 

This is a closed-book exam.

Candidates would have to complete 2 modules per term.

Lastly, this programme can be done by candidates as either part-time or full-time study. 

I learned so many things form this seminar which will surely guide me in my future planning.The facilitator presented the seminar very well and the information she passed was observed full and fully by us.Thanks for organizing such a useful seminar.

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Reflection on audit seminar🌸

That seminar was carry out by MICPA members..During that seminar,we learn a lot of things about a journey in auditing..

The Malaysian Institute of Certified Public Accountants (MICPA), which was established in 1958, is another accountancy body that is involved in the training and development of accountants in Malaysia.

MICPA continues to play a key role in the setting of accounting standards and technical advisory for the Malaysian regulatory bodies responsible for carving out the business and financial landscape of this nation. The Institute continues to play an instrumental role in the research and development of accounting and auditing standards in Malaysia. As a founding member of the International Federation of Accountants (IFAC), MICPA has also contributed significantly to sustaining the accounting profession globally.

Things was discussed during that seminar:

1)what Is micpa?

2)the advantages of it

3)the objectives of it.

4)the function of it

5)roles of micpa and other regulatory bodies?

6)working levels

After that seminar…I have learn a lot of things about regulatory bodies.it gives clearer image about auditing… I would like to thanks everyone who gave us this opportunity to attend this seminar..

#Thaarsini seevaraman#DAT3b

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23/12/2016

En.fauzi showed us some slides regarding with chapter 3 which explain about audit objectives,management assertion and also quality control standard. Then because it was a long holiday so sir uploaded some tutorial for us to do.Altogether we had 3 task. I hope my answers are correct.. Eagerly waiting for next audit class.. I hope i cam learn more about audit Thank you Anusia rajamohan #01dat15f2035

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16/12/2016

Encik Fauzi showed us a slideshow on the topic of By-Laws and as I am very interested in Law subjects, this topic really caught my eye. By-Laws(on Professional Ethics, Conduct and Practice) as the name suggested are about ethics, conducts and practices. We were introduced to Sections related to it and the explanations. Encik Fauzi also touched a bit on Companies Act that we will study in more detail later. At the end of our class, we had a quiz on chapter 1; 4 questions regarding the definition of financial audit, compliance audit, the 4 services provide by CA firms and audit scope.

#ANUSIA RAJAMOHAN 01DAT15F2035

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09122016

Well we studies on new topic which is more detail on Auditing. a.Framework and standard accounting standard the external auditor will audit the financial statement. Internal auditor takes role during the accounting year and at the end of accounting year, the auditor will refer to the internal auditor to audit.The auditor takes role after the accounting ends and within 6 month before AGM. Example of accounting standards are MPERS and MFRS. b) Profession as an auditor be an accountant  should have those qualifications, such as study in accountant field, work or practice as accountant for 3 years, have a degree in accounting or profession course of accounting such as ACCA, CPA , CIMA. and certificate have to be verified by MIA(Malaysian Institute of                     Accountant) and get a status as CA from MIA.Audit profession and (regulatory bodies)

#ANUSIA RAJAMOHAN #01DAT15F2035

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7th March 2017 #auditing #dat3b #tecclab

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Quizizz is awsome. I can take my understanding to the next level #fardahanaanuar

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Quizizz.com is the best quiz to learnt about audit #fatinsyahirah

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Today at TECC :) 

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There is another quiz we had made. Yeahh and its so cool. I hope i can play it again! #fardahanaanuar

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Peardeck.com one of the best and interesting quiz to learnt about audit #fatinsyahirah

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06/12/2016

For my second auditing class,as usual sir played some videos regarding Chapter 1 for us to understand easily.First of all, I have learnt about the types of auditors.That is external auditor,internal auditor and government auditor.I have also learnt about the importance of auditing and the prospect as well.There are 5 types of audits;Operational Audits,Compliance Audits,Financial Audits,Forensic Audits and Investigative Audits. Encik Fauzi gave further explanation about the lessons we have learnt with an appropriate example and simple explanation.Indiirectly we have learnt about Chapter 2 as well.i’m hoping to learn more about auditing. :-)

☆ANUSIA RAJAMOHAN -01DAT15F2035