Work Placement – Audit


This course aims to develop practical knowledge, skills and attitude of the students and to strengthen their positions in relevant industries. The students will apply the knowledge and theories acquired in previous coursework in a real business setting. Through this opportunity the students can explore their interests in the audit field and be familiar with the working norms, rules and regulations governing the industry as well as build a professional business network. The course emphasizes students’ preparation for their future careers and helps them to be well-trained candidates when they graduate. At the end of the work placement, the students will be deeply familiar with the key factors for success in an audit career.



To achieve the aims above, this course covers a number of tasks that are divided into two parts. The first part is the professional orientation which focuses on gaining a clear understanding of the work environment of the prospective employers and of the job markets in general. After this, the students will be placed at the selected employers where they will apply their acquired knowledge, skills and attitude in a real work environment. It is important for the students to comply with the hosting organization’s requirements, to meet the CamEd’s Performance Objectives (POs) and to keep track of their training progression throughout the work placement period.

Credits: 5

  • 1 credit hour for the field work placement = 90 hours
  • Total Credit Hours = 450 hours
  • Period of work placement = 3-6 months



To qualify for the work placement, students must have completed the 9-hour preparation activities provided by Career Services and Student Advising (CSSA) or employer-conducted orientation approved by CSSA.

Students must have completed Business Ethics, Financial Accounting 1, Financial Accounting 2, Management Accounting 1, and Audit Theory and Practice.


On successful completion of this course, students will be able to:

1  Knowledge

Level of Learning PLO CLO Learning Outcome
Understand PK5 CK1 Identify the ethical requirements of an audit engagement.

2  Cognitive Skills

Level of Learning PLO CLO Learning Outcome
Evaluate PC2 CC1 Evaluate the levels of risk associated with clients in designing the audit program in accordance with International Standards on Auditing (ISAs).
Apply PC2 CC2 Carry out audit procedures to obtain sufficient appropriate audit evidence in accordance with International Standards on Auditing (ISAs).
Apply PC2 CC3 Prepare audit documentation in accordance with International Standards on Auditing (ISAs).

3  Communication, Information Technology, and Numerical Skills

Level of Learning PLO CLO Learning Outcome
Apply PCIT2 CCIT1 Use Computer Assisted Audit Techniques (CAATs) in the context of audit.
Understand PCIT4 CCIT2 Discuss the audit findings with management and/or those charged with governance.

4   Interpersonal Skills and Responsibilities

Level of Learning PLO CLO Learning Outcome
Apply PIP1 CIP1 Work effectively with engagement team members and client representatives to achieve the audit objectives.


Week Lesson Learning Outcomes Teaching and Learning Activities, Assessment

Course Orientation

  1. Introduce the course aims, descriptions and criteria.
  2. Explain the performance objectives to be achieved during the job training.
  3. Explain the practical experience report
  4. Guide the students in searching for relevant information about jobs and prospective organizations. 


Question and Answer

2-18 On Job training (All CLOs)

Apply knowledge


This course is primarily an experience-based course. An orientation will be conducted at the beginning of the course to ensure that the students will gain a clear understanding of the work environment in the hosting organization and some basic skills for performing their work effectively during the placement. A variety of methods will be employed to encourage and assess student achievement on course l earning outcomes. Some methods include, but are not limited to, presentation, interview and written reports, group discussions, business writing, self-reflection, and peer consultation.


In order to successfully complete the course, students are required to complete all the assessment below. Grades will be calculated using the following assessments and score allocations.

Assessment Weight of each assessment Learning Outcome Assessed
Mentor Meeting: 5 times Assessment by Mentor Form: Marking Rubrics: 10% CK1, CIP1 PK5, PIP1
Assessment by Supervisor Form: Marking Rubrics: 35% CK1, CC1, CC2, CC3, CCIT1, CCIT2, CIP1 PK5, PC2, PCIT2, PCIT4, PIP1.
Assessment by Peer Form: Marking Rubrics: 20% CK1, CC1, CC2, CC3, CCIT1, CCIT2, CIP1 PK5, PC2, PCIT2, PCIT4, PIP1.
Practical Experience Assessment Form:  35% CK1, CC1, CC2, CC3, CCIT1, CCIT2, CIP1 PK5, PC2, PCIT2, PCIT4, PIP1.
Total grading score 100%  

Performance Objectives Students are required to achieve a minimum of four performance objectives in total including all three of interpersonal qualities and the core skills of performance objectives in audit. Students may achieve each performance objective by participating in suggested activities or similar other activities related to the performance objectives by providing an explanation in the practical experience report. The performance objectives are set out in interpersonal qualities and core skills as in the appendix 1. To provide evidence of achieving performance objectives, students are required to request a confirmation letter from their supervisor with attachment of the performance objectives that they have achieved during the job training. Personal Experience Report

Work Group: Individual
Output format: Performance Objective Matrix
Language: English
Report: Students will be required to produce a summarized report reflecting the experience obtained from the job training that satisfies the required performance objectives. As their training progresses, students should keep track of their experiences. At the end of the training, students will be required to write a report summarizing the experience in their own words in a performance objective matrix. The report should be clear and truthfully reflect the experience with examples provided.



  1. ACCA rule book
  2. ACCA performance objectives

Appendix 1 – Performance Objectives Interpersonal Qualities These are the important elements of interpersonal qualities that students must achieve. They are required to maintain the professional code of ethics, develop productive business relationships with stakeholders and take initiative as a leader during work.

Performance Objectives Elements
Maintain professional code of ethics (CK1)
  • Act diligently and honestly, following codes of conduct, taking into account and keeping up-to-date with legislation.
  • Act with integrity, objectivity, professional competence and due care and confidentiality. You should raise concerns about non-compliance.
  • Develop a commitment to your personal and professional knowledge and development. You should become a life-long l earner and continuous improver, seeking feedback and reflecting on your contribution and skills.
Develop productive business relationships (CK1,CIP1)
  • Display sensitivity, empathy and cultural awareness in all your communications. This allows you to establish trust and credibility with a range of stakeholders and gain their confidence.
  • Use a range of mediums and make appropriate use of digital technology to communicate clearly, concisely and persuasively in formal and informal situations.
  • Develop and build effective and ethical professional relationships and networks using face to face and digital technology.
Apply leadership and self development (CIP1)
  • Show initiative with your team – working towards organisational goals, collaborating with and supporting others.
  • Manage time and tasks effectively to meet business needs and professional commitments. You are capable of working under pressure.
  • You negotiate effectively and can justify solutions logically and persuasively to colleagues and clients.

Core Skill Audit This involves students in the process of planning for the audit, assessing the level of audit risks and using the audit procedures to conduct the audit in accordance with international standards on auditing (ISA). Students will be also asked to assist in reviewing and evaluating the audit evidence to ensure it is sufficient and appropriate and assist in drafting the audit report and letter to management.

Performance Objectives Elements
Prepare and plan for an audit and assurance process (CC1)
  • Become familiar with the scope and services to be provided.
  • Identify the ethical threats and requirements at the start of the audit engagement.
  • Use up-to-date auditing standards and legal and ethical frameworks.
  • Evaluate risk in an organisation’s internal control structure and make any necessary changes to the audit programme/plan of work.
  • Assist in designing the audit program to meet the objective of the audit engagement.
Collect and Evaluate the audit evidence (CC2, CCIT1)
  • Coordinate the engagement to make sure you get results.
  • Carry out and document compliance, substantive tests and other audit or assurance work using appropriate technology to assist the audit and assurance procedures.
  • Evaluate evidence, demonstrate professional scepticism, investigate areas of concern and make sure documentation is complete and all significant issues are highlighted.
  • Assess that the audit evidence is sufficient and appropriate.
  • Assist in identifying the main factors to be considered before forming an opinion and reaching judgements.
Review and report the findings of an audit (CC3, CCIT2)
  • Review the performance of an audit; making sure that the evidence is accurate, complete and sufficient.
  • Contribute to identifying and resolving audit issues and make sure there are no outstanding queries.
  • Discuss the findings and implications of an audit or assurance engagement with management and governance teams.
  • Assist in drafting written representations and report significant control deficiencies to management and governance teams.
  • Assist in preparing the audit reports in accordance with relevant standards, regulations and legislation.