Course overview
To introduce students to the advanced concepts and current issues related to the external audit function and its role in business and the legal environment, and to familiarise students with auditing techniques, procedures and standards applied in auditing practice.
- The Audit Environment
- Audit Planning and Testing
- Completion and Responsibilities
Course learning outcomes
- Discuss the duties, responsibilities and liabilities of auditors as required by the Auditing, Assurance Standards and the Code of Ethics for professional Accountants
- Analyse the methodology involved in the review, documentation, and evaluation of internal controls in accounting systems, audit sampling and the design of audit programs
- Apply fundamentals of audit planning, audit risk assessment and materiality to solve auditing problems through the use of case studies
- Articulate the process of compiling an audit report and completing an audit engagement and make professional recommendations