Advanced Auditing

Aims

• This module aims to make students familiar with various auditing principles to different audit situations, to present research on audit practice and theoretical issues and to analyse financial auditing issues as viewed by managers, accountants, auditors (internal or external), audit committees.

Learning Outcomes

The student will be able to:

• Identify the legal and regulatory environment and its effect on auditing processes
• Show the capacity to work efficiently on an auditing or other service engagement within professional and ethical framework
• Recognise and structure the work required to achieve the goals of audit and non-audit assignments and apply the International Standards of Auditing
• Assess findings and the outcomes of work accomplished and produce appropriate reports on assignments
• Comprehend the important issues and developments relating to the performing of audit-related service

Content

• The meaning of audit and assurance
• The regulatory environment
• Rules of professional conduct
• Professional responsibility and liability
• Practice management
• The audit approach
• Planning
• Evaluation and review
• Group audits
• Audit-related services
• Internal audit and outsourcing
• Current issues