Advanced Audit and Assurance

Paper Code: 
25AAF512
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

This course will enable the students to analyze, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments.

Course Outcomes: 

Course

Course Outcomes

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

 

 

 

 

 

 

 

 

 

 

 

 

25AAF512

 

 

 

 

 

 

 

 

 

 

Advanced Audit and Assurance (Theory)

CO163:Demonstrate                                    effective, efficient      auditing                  and                          service

engagement   within a professional, ethical framework, developing auditor

Approach in teaching: Interactive

Lectures,

Continuous Assessment

Test, Semester End

knowledge, competence, skepticism, and skills.

CO164:    Assess                 and                 recommend quality control policies  in practice

management, recognizing the auditor's role          in          professional          appointment

Discussions, Tutorials, Problem Solving

sessions, Presentations

Examinations, Quiz, Assignments, Class

Presentations, Individual and

acceptance and retention.

CO165: Identify and plan audit work to meet objectives, apply International Standards on Auditing, evaluate findings, and draft appropriate assignment reports.

CO166: Identify and formulate the

 

Learning activities     for the students: Self-

learning assign

group projects

work required to meet the objectives of non-audit assignments.

CO167: Attain knowledge regarding the current issues and developments relating to the provision of audit-related and assurance services.

CO168: Contribute  effectively  in

ments,       Case Study Analysis, Presentations, Group Discussions

 

course – specific interaction.

 

 

 

12.00
Unit I: 
Regulatory Environment and Professional and Ethical Considerations:

• Regulatory Environment: International regulatory frameworks for audit and assurance services, Money laundering, Laws and regulations

• Professional and Ethical Considerations: Code of Ethics for Professional Accountants, Fraud and error, Professional liability

12.00
Unit II: 
Quality Control and Practice Management:

• Quality Control and Practice Management: Quality control (firm-wide), Advertising, tendering and obtaining professional work and fees, Professional appointments

12.00
Unit III: 
Audit:

• Planning and conducting an audit of historical financial information: Planning, materiality and assessing the risk of material misstatement, Evidence and testing considerations, Audit procedures and obtaining evidence, Using the work of others, Group audits

12.00
Unit IV: 
Completion, Review and Reporting:

• Completion, review and reporting : Subsequent events and going concern, Completion and final review, Auditor’s reports, Reports to those charged with governance and management

12.00
Unit V: 
Other Assignments:

• Other assignments: Audit-related and assurance services, Specific assignments, The audit of social, environmental and integrated reporting, The audit of performance information (pre- determined objectives) in the public sector, Reporting on other assignments

Essential Readings: 

1. ACCA Study Text- Advanced Audit and Assurance (International), Kaplan

References: 

1.ACCA Study Text- Advanced Audit & Assurance- BPP Module

E- Contents:
1.https://www.accaglobal.com/an/en/student/exam-support-resources/professi... resources/p7.html

Reference Journals:
1. International Journal of Auditing

Academic Year: 
2025-2026
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