This course has been designed to enhance your understanding and application of the principles, concepts, standards, and procedures of auditing and assurance. It positions you well to support apply the audit and assurance techniques and tools to various situations and scenarios, such as planning, executing, reporting, and evaluating audit and assurance engagements.

Learning Outcomes

Upon completion of this course, you should be able to:

• Explain the concept of audit and assurance and the functions of audit, corporate governance, including ethics and professional conduct.
• Demonstrate how the auditor obtains and accepts audit engagements, obtains an understanding of the entity and its environment, assesses the risk of material misstatement (whether arising from fraud or other irregularities) and plans an audit of financial statements
• Describe and evaluate internal controls, techniques and audit tests, including IT systems to identify and communicate control risks and their potential consequences, making appropriate recommendations. Describe the scope, role and function of internal audit.
• Identify and describe the work and evidence obtained by the auditor and others required to meet the objectives of audit engagements and the application of the International Standards on Auditing (ISAs)
• Explain how consideration of subsequent events and the going concern principle can inform the conclusions from audit work and are reflected in different types of auditor’s report, written representations and the final review and report.

Modules

This course will be delivered through the following modules.

• Audit framework and regulation
• Planning and risk assessment
• Internal control
• Audit evidence
• Review and reporting