1. Auditing and Investigations I
Course Outline

2. Course Description
The course is designed to develop knowledge and understanding the process of carrying out audit and assurance assignments.

3. Course Objectives
To provide students with relevant knowledge and skills to approach and carry out auditing and assurance with a professional approach.

4. Course Content Topics to be covered: The audit evidence Process
Assessing risk of material misstatement and risk components.
Materiality
Concept of evidence
2. The Internal control structure;
Element of the internal control structure
Control environment
Accounting system
Control procedures

5. Course Content Documentation of the internal control Structure
Narrative
Flowchart
Questionnaire
Evaluation of the effective of the internal control structure

6. Course Content 3. Planning the Engagement
Client contract and acceptance
General Planning – obtaining knowledge client’s industry and business.
Assessing materiality
Consider possibility of material misstatements
Planning implementation – design audit program, timing procedures, staff requirement and budget,

7. Course Content 4. Analytical Procedures Nature analyst Ratio analysis
Reasonableness tests
5. Substantive Audit Procedures: The Revenue Cycles
Audit cash balance
Audit trade debtors/accounts receivable
Audit of sales - overview

8. Course Contents Audit of purchases – overview
6. Substantive Audit Procedure: The Expenditure
Audit of purchases – overview
Audit of accounts payable/trade creditors
Audit of Accruals

9. Teaching & Training Activities
4 Hour Lectures per week;
Tutorials at the end of teaching
Your encouraged to read auditing, accounting and business journals
and publications.

10. Student Support Timetable Tuesday - 1600 - 1800hrs
Thursday hrs

11. Human and Physical Resources
Students will be allowed to make power point presentation of assignment. Equipment from the department will be provided.
Lecturer will provide addition skills guidance for presentations and resources.

12. Method of Evaluation Individual class tests
Group Research based assignments
Individual Research based assignment
3 hour examination at the end of the semester

13. Course Output Appreciation of auditing and assurance
Background knowledge to assurance, professional ethics, governance issues
Understanding of audit processes and selected standards

14. Reading Auditing: by Guy, Alderman and Winter
The principles and practice of auditing: by Taylor and Kritzinger.
Auditing Today: Emile Woolf
A student manual of auditing: Coopers and Lybrand
Auditing: Santocki
International Standards In Auditing: IFAC

15. Revised Course Outline
Audit Framework and regulation
Audit and assurance engagement
Statutory audits and regulation
Corporate governance
Professional ethics
Internal audits

16. Semester Course Outline
2. Audit Planning and Risk assessment
Risk assessment
Auditing planning and Documentation
Introduction to audit evidence

17. Semester Course Outline
3. Internal Control
Internal control
Test of control

18. Thank for your attention
End
Thank for your attention