Auditing 2

Course Description

This course covers how to set up a comprehensive audit plan in terms of designing an audit program, the types of tests, and a summary of the review process. It measures the relative importance of the elements of the audit and assessments the degree of risk for each element and the relationship between risk and the relative importance and place of the audit evidence. The course identifies other types of revisions in terms of the limited screening services, audit and examination. Standards, effectiveness, revision mail, operating systems and controls used in the operation of the light-mail data and the understanding of the internal control environment.

Course Aims

End of the course the student will be able to:

• Prepare a comprehensive review and audit program plan.
• Measure the relative importance of the elements of financial statements and risk assessment review.
• Use the preview in the review mode.
• The method of application of analytical procedures in the review.
• Application review process and elements of the sales and the collection of payments and inventory and cash balances.
• Performance of inspection services and the limited audit work for a particular purpose.
• Review of electronic data systems run

Course Contents:

The overall audit plan and program review:

• Types of tests.
• Audit program design.
• A summary of the review process.
• The relative importance and risk assessment:
• Relative importance.
• Danger.
• Form your risk of audit planning.
• The relationship between risk, materiality, and audit evidence.
• The review of the control tests and basic tests a preview of operations:
• Statistical samples.
• Preview qualities.
• Analytical procedures in the review:
• Analytical procedures as a tool to measure the reasonableness of the values of the elements of the financial statements.
• Financial ratios.
• Method comparisons.
• Review the application areas of operations:
• Sales and achievement.
• Payments.
• Inventory.
• Cash.
• Review of electronic data operation systems:
• Operation of the electronic data systems.
• Understanding of the internal control environment of electronic data.
• internal audit and operational review:
• The difference between the internal audit and operational review.
• Effectiveness versus efficiency.
• other types of audits:
• The limited inspection services.

Course ID: ACCT432