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Auditing

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					                                          Auditing
Overview
A study of audit and assurance services, including professional and ethical considerations,
practice management, audit process, assignments, reporting, current issues and
developments. After this course, candidates can exercise judgment and apply techniques in
the analysis of matters relating to the provision of audit and assurance services, and can
evaluate and comment on current practices and developments.

On completion of this paper candidates should be able to:
 Demonstrate their ability to work within a professional and ethical framework
 Understand current issues and developments relating to auditing and the provision of
  audit-related and assurance services
 Explain and evaluate the auditor’s position in relation to the acceptance and retention of
  professional appointments
 Evaluate and recommend quality control policies and procedures
 identify and describe the work required to meet the objectives of audit and nonaudit
  assignments
 Apply and evaluate the requirements of relevant International Standards on Auditing
 Evaluate findings and the results of work performed and draft suitable reports on
  assignments
  The key topic areas are as follows:
 Rules of professional conduct
 Quality control practices and procedures
 Audit strategy
 Assignments
 Auditor’s reports
 Current issues and developments.


Syllabus
 The demand for audit and assurance services
 The CPA profession
 Audit report
 Professional ethics
 Legal liability
 Audit responsibilities and objectives
 Audit evidence
 Audit planning and documentation
 Materiality and risk
 Internal control and control risk
 The impact of information technology on the audit process
 Overall audit plan and audit program
 Audit of the sales and collection cycle: tests of controls and substantive tests of
transactions
 Accounts receivable: tests of details of balances
 Audit sampling for tests of controls and substantive tests of transactions
 Audit sampling for tests of details of balances
 Audit of the acquisition and payment cycle: tests of controls and substantive tests of
transactions, and accounts payable
 Completing the tests in the acquisition and payment cycle: verification of selected accounts
 Audit of cash balances
 other audit, attestation services, and compilation engagements
 Internal and governmental financial Auditing and operational auditing




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posted:9/17/2011
language:English
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