Implementing Audit Procedures (GBR)

Subject Contents:
The business environment; The audit framework; Audit personnel; Audit planning; Accounting systems and controls; Audit evidence and sampling; Audit completion; Audit report

Objectives:
On completion of this paper, students will be able to:

• explain the rules of professional conduct relating to the ethics of integrity, objectivity, independence and confidentiality and undertake audit procedures accordingly
• identify control objectives and weaknesses for an accounting system under review
• assess audit risks, produce an audit plan and design appropriate audit procedures
• carry out appropriate audit procedures in accordance with an audit plan on the basis of a validly selected sample
• draw valid conclusions from the results of audit tests
• prepare draft reports relating to an audit assignment.