Auditing Practices enables learners to understand the processes and standards required by the professional auditor.
Main Topics of Study:
Planning and Conducting Audits
- Quality control in organisations
- Accounting systems
- Internal controls
- Audit testing
- Sampling and analysis review techniques
- Working papers
- Reports to directors
- Errors, frauds and misstatements
Audit Evidence
- Collecting evidence
- The audit of assets
- The audit of liabilities
- Audit planning and risk assessment
- Methods of testing
- Involving auditing specialists
Auditors’ Report
- Qualified reports
- Managing misstatements
- Post balance sheet events
- Reporting on going concern
Review of Financial Statements
- True and fair view
- The Management letter
Example Candidate Response Booklet
Example Candidate Response (ECR) Booklets are a source of crucial information for Centres and Candidates as they use real candidate responses. We ask Senior Examiners to comment on five or more responses in terms of why the mark was awarded with commentary about how to improve the answer (if necessary).
