The purpose of this module is to examine in a more detailed way the work of the auditor in a modern economy.
Going Concern
The obligations of the auditor regarding the going concern assumption and the effects on the audit report of the appropriateness or otherwise of that assumption
Business Process Mapping
Flowcharting; the use of flowcharting to map internal controls
Related Party Transactions
The obligations of the auditor in discovering and disclosing transations with related parties
Audit Sampling
How samples are chosen; sampling risk
Group Accounts
The obligations of the auditor in relation to group accounts
Relying on the work of an Internal Auditor
The steps which the external auditor must take when relying on the work of an internal auditor
Using Computer Assisted Audit Techniques (CAATS)
How CAATs can be used to assist the audit
The future of the statutory audit
The changes which are likely to take place in external auditing
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 70 |
| Other Assessment(s) | 30 |