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4 March 2010

Integrating IT-based Auditing Software into Accounting Curriculum

Tunku Abdul Rahman College (TARC) further steps up its industry partnerships by signing an MoU on 4 March 2010 with AXP Solutions Sdn Bhd; an established IT company to incorporate the IT-based auditing software, “Audit Express” (AE) into the College accounting curriculum. In this industry-academic collaboration, AXP shall provide TARC the fully-automated audit software (AE) and to conduct on-going consultation in integrating AXP specialism into TARC auditing syllabus. In addition, TARC lecturers and AXP will jointly develop audit simulation case studies in training of the use of AE software. This arrangement of blending auditing theories, IT skills and practical audit procedures and process augurs well with the College holistic approach in learning and teaching. It aims to narrow the competency gap between fresh graduates and commercial practitioners and enhances graduate employment marketability in the profession. The AE software will enhance students’ learning of the auditing subject as it has been designed in line with current best practices and regulatory requirements. Accounting and finance students will benefit through the practical hands-on aspects of auditing in a computer-based environment. Dr Tan Chik Heok, Principal of TARC in his speech at the MoU signing ceremony emphasized that this collaborative arrangement, initiated by its School of Business Studies (which was established in 1971 and has carved a niche in professional education) will enable students to gain valuable exposure to the industry IT relevant audit systems even before they graduate. He added that this smart synergy between business and academics working together would contribute towards more competent and techno-savvy accountants for the future. The collaboration started with the AE Workshops that were conducted for the TARC students from 27 January to 29 January 2010. These workshops were conducted by AXP staff. Majority of the students who have attended the workshops were pleased to acquire new IT skills. Chang Kar Min, a TARC accounting student enthused, “I have gained more knowledge about the audit work in practice. I have the opportunity to see the real audit working papers and relevant documents in the audit process.” Another student, Chan Ngee Mun added: “It has enhanced my auditing knowledge as well as financial reporting knowledge. I have learnt something that is not in the textbooks!” Prizes were also presented to the top three students who scored the highest marks in the workshop course at the ceremony.

Dr Tan Chik Heok (2nd from left) exchanging the signed MoU with Mr Ken Lai (2nd from right), Director of AXP Solutions Sdn Bhd while Ms Say Sok Kwan, Head of Division of Accounting (far left) and Mr Eric Chia (far right), Director of AXP Solutions look on.

Ms Chan Hui Hui (right), a student from the Advanced Diploma in Business Studies (Financial Accounting), Year 2 receiving the top award for proficiency in Audit Express Professional Audit Module (Basic Level) from Mr Ken Lai, Director of AXP Solutions.

omg..since when i said tat??faint..i juz randon search my name through google..den i found out tis... reminds me of my software workshop...haha.. do i pass the exam??