Audit and Assurance

Paper Code: 
AAF 511
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

The Objective of this course is to gain knowledge of auditing procedures and techniques and their application.

9.00

Audit framework and regulation: Concept of audit and other assurance
Engagements, External audits, Corporate governance, Professional ethics
and ACCA’s Code of Ethics and Conduct
Internal audit and governance: Differences between external audit and
internal audit, scope of the internal audit function, outsourcing and
internal audit assignments

9.00

Planning and risk assessment: Obtaining and accepting audit
engagements, objective and general principles, Understanding the entity
and its environment, Assessing audit risks, Fraud, laws and regulations
Audit planning and documentation

9.00

Internal control: Internal control systems, uses and evaluation of
internal control systems by auditors, Tests of control, Communication on
internal control

9.00

Audit evidence: Financial statement assertions and audit
Evidence, Audit procedures, Audit sampling and other means of testing,
Audit of specific items, Computer-assisted audit techniques, Work of
others and Not-for-profit organizations

9.00

Review and reporting: Subsequent events, Going concern, Written
representations, Audit finalization and the final review, Audit reports

References: 

Study material of ACCA

Students Guide to Auditing: Aruna Jha (Taxmann)

Auditing: Jain, Khandelwal, Pareek(Ramesh Book Depot)

Auditing Theory & Practice: A.K Singh (Galgotia Publishing Company)

Contemporary Auditing: Kamal Gupta(Tata Mc-Graw Hill) Auditing: Principle and Practice, S.D Sharma(Taxmann)

Auditing Principles and Problems: T.R Sharma (Sahitya Bhawan Agra) Practical Auditing: Spicer& Pegler

Fundamental of Auditing: Gupta & Arora(Tata Mc Graw Hill)

Academic Year: