Questions Tags Users Ask Question Downloads Upload

AUDITING AND ASSURANCE CPA Part 1 Section 1 zipped (10 items)


...
By Omosa


Description/Abstract

 Here are some of the Key Topics found in Auditing and assurance For Kasneb CPA

AUDITING AND ASSURANCE

GENERAL OBJECTIVE

To equip the candidate with knowledge of the audit process
4.0 SPECIFIC OBJECTIVES
A candidate who passes this paper should be able to:Explain the principles of auditingDiscuss the legal and professional environment of an auditDesign and develop an audit plan, programme and working papers
Design and implement audit proceduresPerform an audit in a computerised environmentPrepare and interpret various audit reports
CONTENT
6.1 Nature, purpose and scope of the audit

- Audit as an assurance engagement
- Distinction between auditing and accounting
- Audit strategies
- Users of audited financial statements and auditors report
- Advantages and disadvantages of an audit
- Types and timing of audits
6.2 Legal and professional framework

- Provisions of the Companies Act (appointment, qualification, rights, duties ans dismissal of auditors)
- Professional ethics for auditors (the role of ICPA, professional competence and due care, independence of opinion, acting with sufficient expertise, objectivity and integrity, disclosure and non-disclosure of information)
- Role of international standards on auditing (ISAs)
6.3 Client acceptance procedures

- Background information about the client
- Client acceptance and retention
- Professional etiquette
- Engegement letter
6.4 Conduct of an audit

- Developing an audit plan and audit programme
- Reviewing the accounting system and internal control system and errors and frauds
- substantive procedures on financial statement items
- Documentation of the audit
6.5 Audit evidence

- Nature and sources of audit evidence
- Types of audit evidence
- Techniques of gathering audit evidence
- Limitations in gathering audit evidence
- Types of audit tests
- Audit sampling
- Using the work of experts
6.6 Audit review

- Going concern
- management representations
- Post balance sheet events and subsequent events
- Management letter
6.7 Auditor's use of the computer

- Benefits and drawbacks of computerised accounting systems
- Ways in which the auditors can use computers in the audit
- Internal controls in a computerised acounting system
- Auditors approach, auditing around and through the computer
6.8 Auditor's report

- Purpose of auditor's report
- Contents and elements of auditors' report
- Types of audit report
- Consequences of various audit reports
Uploaded:


You may also like

History and Government Revision KIT with Questions and Answers 2017 61 pages
CPA 2 auditing assurance paper 1
COST ACCOUNTING CPA Part 1 Section 1 zipped (41 items)
FINANCIAL ACCOUNTING CPA Part 1 Section 1 zipped (13 items)
FINANCIAL MANAGEMENT CPA Part 3 Revision papers zipped files (22 items)
CPA 2010 Notes section 1 & 2 Auditing Cost Econ Enter FA Law (6 items)
Economics CPA part one section 1 revision papers with answers
CPA 2010 Notes section 5 & 6 Auditing, FM, FR, Tax, MA, PPM
CPA Revision Papers Exams 2017 All with questions and answers All in One zip
Quantitative Analysis CPA 4 zipped file (30 items)
Taxation 1 CPA 4 zipped file (65 items)
FINANCIAL REPORTING CPA Revision Papers zipped files (15 items)
MANAGEMENT ACCOUNTING Revision Papers zipped files (12 items)
CPA 2010 Notes section 3 & 4 company Law, FM, FR, MIS, QT, Tax (6 items)
cpa 3 financial reporting 1 revision 1
cpa 3 financial reporting 1 revision 2
cpa 3 financial reporting 1 revision 3
cpa 3 financial reporting 1 revision 4
cpa 3 financial reporting 1 revision 5
cpa 3 financial reporting 1 revision 6