METHOD AND PRACTICE OF COMPUTERIZED AUDIT (2 Credits)

Learning Outcomes:

On successful completion of this course, students will be able to: perform data analysis operation using features of Audit Command Language (ACL).; identify business process, general controls, application controls and financial fraud issues in computer based accounting systems.; identify audit objectives and internal control issues in relation to business processes cycles (revenue cycle, expenditure cycle and production cycle).; perform test of controls and substantive tests in relation to business processes cycles (revenue cycle, expenditure cycle and production cycle) using ACL.

Topics:

1. Overview of Audit Command Language (ACL).
2. Planning the Project and Acquiring the Data.
3. Understanding and Access the Data.
4. Analyzing the Data
5. Auditing the Revenue Cycle
6. Auditing the Expenditure Cycle
7. Auditing the Production Cycle
8. Finding Documenting and Reporting