Assurance, Controls and Ethics (ACE)

Course Objective

The objective of this course is to introduce and develop basic knowledge and skills of services performed by an external auditor during the audit of financial statements.

Learning Outcome

After completion of the course students are expected to have the following competence:

1. Explain the purpose and scope of the audit and its regulatory framework.
2. Explain how an auditor performs risk assessment and plan audit engagements.
3. Identify the principles of internal control and describe and evaluate the features of information systems
4. Identify and describe audit evidence and audit procedures required to meet the objectives of an audit and apply International Standards on Auditing (ISAs).
5. Explain how the audit is completed and reflected in the different types of auditor’s reports.

Content

Section One: The Business Environment and Audit Framework

Section Two: Audit Planning and Risk Assessment

Section Three: Internal Control

Section Four: Audit Evidence and Procedures

Section Five: Audit Completion

Section Six: Public Sector Organizations’ Perspective