Learning Outcomes
On completion of this course, the learner should be able to:-
Define auditing
Explain the need for and the nature of auditing
Describe the legal, regulatory and ethical environment within which audits are performed
Explain the principles and procedures of auditing
Explain how audit work is documented to provide sufficient appropriate audit evidence
Explain the design and testing of internal controls
Describe risks of auditing in an IT environment and the use of computer-assisted audit techniques
Explain the role of internal auditing
Describe the performance of internal audit tasks
Course Overview (Video)
Course Curriculum
Unit 1 - Introduction to Auditing
Unit 2 - Legal and Regulatory Framework
Unit 3 - Risk Assessment
Unit 4 - Audit Planning
Unit 5 - Audit Quality Control
Unit 6 - Audit Evidence
Unit 7 - Audit Procedures
Unit 8 - Internal Audit
Unit 9 - Audit Report
Unit 10 - Professional Ethics
Unit 1- Introduction to Auditing
Lecture 1 - Meaning and Scope of Auditing
Lecture 2 - Objectives of Auditing
Lecture 3 - Detection of Errors and Fraud
Unit 2 - Legal, Regulatory & Ethical Environment
Lecture 1 - Auditor rights and duties
Lecture 2 - Appointment of Auditors
Lecture 3 - Auditor Qualifications
Lecture 4 - Removal and Resignation Procedures
Lecture 5 - Auditor Liability
Lecture 6 - Client Acceptance
Unit 3 - Audit Risk Assessment
Lecture 1 - Risk Assessment Explained
Lecture 2 - Inherent Audit Risk
Lecture 3 - Control and Detection Risk
Lecture 4 - Planning Materiality
Unit 4 - Audit Planning
Lecture 1 - Audit Planning Explained
Lecture 2 - Audit Strategy
Unit 5 - Audit Documentation
Lecture 1- Audit Documentation Explained
Lecture 2 - Audit Files
Lecture 3- Modification and Safe Custody
Unit 6 - Audit Evidence
Lecture 1 - Audit Evidence Explained
Lecture 2 - Quantity and Quality of Evidence
Lecture 3 - Financial Statement Assertions
Lecture 4 - Procedures to obtain Audit Evidence
Unit 7 - Audit Quality Control
Lecture 1 - Audit Quality Explained
Lecture 2 - Quality Control Stages
Lecture 3 - Audit Review
Unit 8 - Tests of Control
Lecture 1 - Tests of Control Explained
Lecture 2 - The Sales System
Unit 9 - Internal Audit
Lecture 1 - Meaning and Scope of Internal Audit
Lecture 2 - Relying on IA work
Lecture 3 - External Vs Internal Audit
Lecture 4 - Ascertaining the system
Unit 10 - Audit Procedures
Unit 11 - Financial Statements Audit
Unit 12 - Review and Finalization
Unit 13 - Audit Report
Course Resources
