Method and Practice of Auditing & Computerized Audit (6 Credits)

Learning Outcomes:

Define audit working paper, its components and requirements;
Prepare audit working paper in planning section and accounting cycles;
Identify audit objectives and internal control issues in relation to business processes cycles;
Prepare all paper-work requirements in the end of audit engagement;
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.

Topics:

Overview of Audit Working Paper
Audit Planning
Audit of Statement of Financial Position
Audit of Income Statement
End of Audit Engagement
Overview of Audit Command Language (ACL).
Planning the Project and Acquiring the Data
Understanding and Access the Data.
Analysing the Data (1)
Analysing the Data (2)