Course Description

This course is an extension of “The Principles of Auditing,” which addresses two sections – namely audit, including internal audit, and assurance. It examines the critical aspects of managing audit and/or assurance engagements, which include acceptance, planning, managing, concluding and reporting. The focus is on statutory, regulatory, ethical and current issues relevant to those carrying out audit and/or assurance engagements.

Course Goals/Objectives

The objective of this course is to enable students to plan, conduct and manage an audit and/or assurance engagement in line with appropriate standards.

Upon completion of this course, students will be able to:

• Understand and comply with the statutory, regulatory, professional and ethical requirements relevant to the conduct of an audit (both external and internal) and/or assurance assignment.
• Plan, conduct, conclude and report on an audit and/or assurance assignment in accordance with the terms of such an engagement and appropriate standards.
• Understand the impact of information and communication technology and risks on the conduct of an audit and/or assurance assignment.
• Conduct investigations in relation to fraud committed by management and staff.