The audit simulation exercise involved audit review managers from the Big Five firms.
SUNWAY TES Centre for Accountancy Excellence (CAE) in partnership with Association of Chartered Certified Accountants (ACCA) Malaysia held the Sunway TES – ACCA Global Virtual Audit Simulation 2022.
The real-world case-based audit simulation is offered at zero cost to help students pursuing ACCA.
The eight-day programme is offered twice a year in June and December.
The aim is to help students cultivate leadership skills, build character, enhance soft skills and fosterteamwork to ensure participants are able to respond dynamically to demanding audit requirements in the real world.
The December 2022 session hosted 30 teams including 40 participants from Brunei, China, India, Indonesia, Nepal, Pakistan, the Philippines, Sri Lanka, United Arab Emirates and Vietnam.
This is the most number of countries since the launch of the programme in 2015.
Sunway College executive director Prof Teo Ee Sing said they started with only 30 participants.
“In June 2022, we hosted 380 participants.
“We hope through this programme, our participants can translate classroom knowledge into practical audit work skills.
“They have to understand how to commence an audit through the development of an audit plan and determine an appropriate methodology.
“They must do all this while working together as a team,” said Prof Teo.
IGNITES (Inspiring, Global Networking, Innovative Through Talent, Employability, Simulation) senior lecturer and head Kiran Seth said the programme added value to a participant’s resume.
“Sunway TES is the only institute to offer this unique programme that simulates all the elements of a real-world audit.”
The highlight is the audit review process by managers from the Big Five firms which are supporting the programme – BDO, Deloitte, Ernst & Young, KPMG and PwC.
“On the final day of the programme, these managers will study the students’ audit findings and give feedback.
“This is to ensure our participants are employment-ready,” said Kiran.
The programme includes a one-day audit workshop by BDO Malaysia that prepares participants for the audit simulation.
The alumni of Sunway TES were also involved as clients to provide a complete real-world audit situation.
Participant Trisharnth from Malaysia, who is pursuing the final professional level of ACCA papers, shared that the Global Virtual Audit Simulation programme was very informative and insightful.
“As an ACCA student, the syllabus is purely theoretical.
“This programme provided me with hands-on audit experience,” said Trisharnth.
A participant from Pakistan, Junaid Imran, said, “Auditing is my favourite subject and I always wanted to work in an audit firm.
“I am grateful to have this practical experience in auditing”.
IGNITES was introduced last April by Sunway TES CAE as a comprehensive student and graduate development programme.
