Audit and Assurance

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

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, Introduction to audit evidence

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

Audit evidence: Financial statement assertions and audit Evidence, Audit procedures, Audit sampling and other means of testing,non current assets,Inventory, receivables, cash and bank, common liabilities, directors remuneration and capital , Computer-assisted audit techniques, Work of others and Not-for-profit organizations

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