Finacial Audit I

Learning Outcomes

On successful completion of this course, student will be able to: Explain audit environment on which auditors apply their professional audit, Prepare audit planning for financial statement audit, Explain how internal control apply in company.

Topics

1. Auditing and the Public Accounting Profession-Integrity of Financial reporting
2. Auditors’ Responsibilities and Report
3. Professional Ethics
4. Auditor’s Legal Liability
5. Overview of the Financial Statement Audit
6. Audit Evidence
7. Accepting the Engagement and Planning the Audit
8. Materiality Decisions and Performing Analytical Procedures
9. Audit Risk: Including the Risk of Fraud
10. Understanding Internal Control
11. Audit Procedures in Response to Assessed Risk: Test of Control
12. Audit Procedures in Response to Assessed Risk: Substantive Test
13. Audit Sampling