The Audit and Assurance course is designed to provide students with a comprehensive understanding and practical application of auditing principles and practices in various organizational contexts. Through rigorous examination of auditing methodologies, critical analysis of financial information, and effective communication, students will develop the necessary skills to assess and ensure the reliability and integrity of financial reporting processes.
COURSE OBJECTIVES
This course aims to equip students with the knowledge and skills to:
- Understand the fundamental principles and objectives of auditing and assurance services.
- Analyze the legal and regulatory framework governing audit practices and professional ethics.
- Apply auditing standards and procedures to assess the effectiveness of internal controls and financial reporting processes.
- Evaluate audit evidence to form conclusions on the fairness and accuracy of financial statements.
- Develop critical thinking and problem-solving abilities to address complex audit issues.
- Enhance communication skills for conveying audit findings and recommendations effectively.
COURSE OUTLINE
The Audit and Assurance course comprises the following key areas:
- Introduction to Audit and Assurance
- Legal and Regulatory Framework
- Auditing Standards and Procedures
- Internal Controls and Risk Assessment
- Audit Evidence and Sampling
- Reporting and Communication
STUDENT ACQUISITIONS
Upon successful completion of the course, students will:
- Demonstrate a comprehensive understanding of audit principles and practices.
- Apply auditing standards and procedures effectively to assess financial information.
- Evaluate the effectiveness of internal controls and risk management processes.
- Formulate audit conclusions based on rigorous analysis of audit evidence.
- Communicate audit findings and recommendations clearly and persuasively.
- Uphold professional ethics and integrity in auditing practices.
LEARNING METHODOLOGIES
The course employs a range of effective learning methodologies, including:
- Engaging with theoretical concepts to build a solid foundation of audit principles.
- Analyzing case studies and practical scenarios to apply auditing techniques in real-world contexts.
- Participating in group discussions and debates to foster critical thinking and problem-solving skills.
- Conducting mock audits and peer reviews to simulate professional auditing practices.
- Receiving feedback and guidance from instructors to enhance audit competencies.
- Developing communication skills through presentations and written reports on audit findings.
