The aim of this subject is to introduce students to the concepts and principles of the audit process and to develop their understanding of its application in the context of the legal, regulatory and ethical framework of the profession.

This module introduces the students to the principles of auditing, legal and professional environment of an audit, designing and developing of an audit plan, programme and working papers. Also designing and implementation of audit procedures, performing audit in computerized environment as well as preparation of audit reports.

Having successfully completed the module, students should be able to:

        i. Describe and apply the professional, legal, ethical, commercial and regulatory framework within which audits and other assurance and related non-assurance services are carried out.

      ii.  Appreciate and discuss the contribution of audit and other assurance and related non-assurance services to the economy and society more broadly.

   iii. Explain the contemporary audit process and the techniques used by auditors to achieve audit objectives.

  iv. Demonstrate competency in the conduct of audit work and effective analysis of the results obtained from that work.

  v. Identify the stages of an audit from planning to conclusion.

   vi. Apply standard audit procedures such as analytical procedures, detail tests, and tests of controls.