0(0)

AD34: AUDITING

Description

[visitor] Price: Ksh.1000 You are not yet enrolled in this course. [/visitor]

[student] You are enrolled in this course [/student]

GENERAL OBJECTIVE

This paper is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to undertake non-complex audit assignments.

LEARNING OUTCOMES

A candidate who passes this paper should be able to:

Plan an audit assignment

Comply with the regulatory framework during an audit assignment

Obtain audit evidence

Prepare an audit

Weekly Course Recap Zoom Session

What Will I Learn?

  • Audit assignment plan
  • Regulatory framework during an audit assignment
  • Audit evidence
  • Preparation of an audit

Topics for this course

12 Lessons60h

NATURE, PURPOSE AND SCOPE OF AUDITING?

- Definition of auditing, auditor and an audit - Explain the principles and processes of an audit - Differences between auditing and accounting - The types and timing of audits - Internal versus external and a focus on the complimentary role of internal to external, interim and final audit - The users of audited financial statements and auditor reports
Definition of auditing, auditor and an audit
Explain the principles and processes of an audit
Differences between auditing and accounting
The types and timing of audits
Internal versus external and a focus on the complimentary role of internal to external, interim and final audit
The users of audited financial statements and auditor reports

LEGAL AND PROFESSIONAL REQUIREMENTS?

- Appointment of an auditor - Qualifications of an auditor - Duties and rights of an auditor - Dismissal of a company auditor - Professional ethics - Auditing standards and guidelines

PLANNING AND CONDUCTING AN AUDIT?

- Objectives of planning for the audit work - Audit plan for a new client - Audit plan for an existing client - Developing an overall audit plan - Limitations of audit plans - Methods and techniques of an audit

INTERNAL CONTROL SYSTEMS?

- Definition of internal controls and internal control systems - Purpose of internal control system - Designing an internal control system - Benefits and limitations of internal control system - General controls on:  Revenue  Expenditure  Assets  Liabilities

ERROR AND FRAUD?

- Definition of error and fraud - Differences between error and fraud - Types of errors and frauds - Causes of frauds and fraud triangle

AUDIT EVIDENCE?

- Nature and source of audit evidence - Financial statement assertion - Types of audit evidence - Gathering audit evidence - Reliance on the work of an internal auditor - Contents of audit working papers (excluding their preparation) - Audit tests - Substantive tests - Analytical tests

AUDIT RISK?

- Definition of audit risks - Components of audit risks - Risk-based audit

COMPUTERISED AUDITING?

- Benefits and drawbacks of computerized accounting systems - Computer Aided Auditing Techniques (CAATs); Auditing around and through the computer

AUDITORS REPORT?

- Purpose of the auditor’s report - Legal provisions on auditor’s report - Elements of the auditor’s report - Key audit matters - Forms of audit opinion

EMERGING ISSUES AND TRENDS

About the instructors

0 (0 ratings)

114 Courses

0 students

GlobopointConsultantsLtd

e-Learning Training and Consultation

 

Globopoint Consultants Limited is a fully registered Research, Training, and Consultancy firm based in Mombasa Kenya serving the entire East African region and beyond. The company is geared towards building professionals, entrepreneurs, growing businesses, and fostering sustainable economic development.

Globopoint Learning center is a fully accredited institution run by Globopoint Consultants Limited to specifically nurture modern-day professionals in the business field in an easy, practical, and convenient way.

4.67 (6 ratings)

144 Courses

1409 students

0 (0 ratings)

1 Courses

0 students

KSh1,000.00

Material Includes

  • Regularly updated online notes
  • Handouts
  • Zoom sessions
  • Video Clips & Recordings
  • KASNEB Past Papers Questions and Answers
  • Case Studies

Requirements

  • PASS in ATD Level 2

Target Audience

  • ATD Level 3 Students
error: Content is protected !!
× How can we help you?