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

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, Audit of specific items, 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