This course aims to provide students with an understanding of the key conceptual and practical issues on both internal and external auditing. Topics include internal control systems, internal auditing function, relation between internal and external auditing, professional ethics, professional liabilities, audit engagements, and current issues and development such as corporate governance, audit committees, and the impact of information technology on auditing. By the completion of the course, students should gain solid knowledge and skills over the main issues on internal and external auditing relating to various kinds of business entities.