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In Lecture 1 of the auditing course, the instructor welcomes students and expresses excitement about the subject. He acknowledges that some students may be attending out of obligation rather than interest. The course will cover essential auditing concepts applicable to various business careers, including marketing and human resources. The instructor highlights the use of annotated lecture slides, which he will reference during sessions. These lectures will be recorded and made available on UTS online and YouTube, ensuring students can access the materials. The first week will focus on foundational topics introduced in the preparatory week.