LECTURE 10
MODULE 11
Legal Responsibility and Liability of Auditors
Learning Objectives
xComprehend the impact of the changing legal environment on professional liability xExplain the auditor's liabilities to shareholders and clients xDescribe the concept
LECTURE 11
MODULE 12
Professional Ethics and Independence
Learning Objectives
1. Explain the role and duties of the professional accountant 2. Discuss the basic ethical principles for auditors 3. Explain the conceptual principles of the Code of Ethics for
LECTURE 9
Module 10 Completing the Audit & Audit Reporting
Learning Objectives
x With respect to events occurring after the end of the financial year:
Describe the auditor's responsibilities Explain the different types of accounting treatment
x Explain
LECTURE 8
Module 9
Audit Sampling
Learning Objectives
xDefine audit sampling and
discuss its applicability
xDistinguish between sampling and
non-sampling risk
xDistinguish between statistical
and non-statistical sampling
Learning Objectives
xExplain the s
LECTURE 7
MODULE 8
CIS AUDITING II: TECHNIQUES
Learning Objectives
xState the types of computerassisted audit techniques (CAAT's) used in performing tests of controls xREADING 19 from the Book of Readings is ESSENTIAL.
Key Terms & Concepts
xTest Data xPar
LECTURE 7
Module 7
CIS AUDITING I:
CONTROLS
Learning Objectives
xUnderstand the effect of CIS
processing on the entitys
internal control structure
xDescribe general controls used in
CIS processing
Learning Objectives
xDescribe application controls
used in
LECTURE 6
MODULE 6
Audit Testing II
Learning Objectives
x Identify the audit objectives and considerations relevant to determining the audit strategy for inventories x Describe procedures to be followed when observing a physical inventory count x Explain
LECTURE 5
Module 5
Audit Testing I
Learning Objectives
x Describe how various risk factors relate to the type of potential misstatement x Indicate how the nature of substantive procedures is varied to achieve an acceptable level of Detection Risk x Identi
LECTURE 4
Module 4
Internal Control
Learning Objectives
xAppreciate the importance of internal control to an entity xDescribe the components of internal control xState the inherent limitations of internal control
Learning Objectives
xIndicate the procedur
LECTURE 3
MODULE 3
The Audit Process & Audit Evidence
Learning Objectives
x Identify the phases of a financial statement audit x State the steps involved in accepting an audit engagement x State the purpose and content of an engagement letter x Describe t
LECTURE 2
MODULE 2
The Financial
Statement Audit &
Professional
Standards
Learning Objectives
xExplain why a demand exists
for financial statement audits
xDescribe the benefits and
limitations of financial statement
audits
xDiscuss the legal and professio
Lecture 1
Module 1
Assurance and the Auditing Profession
Learning Objectives
x Define Audit and Assurance x Appreciate the development of the nature and scope of audit and assurance services x Describe the historical and other factors that influence the r
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