Audit Syllabus

Audit Syllabus

1. Auditing Standards

  • The International Federation of Accountants (IFAC).
  • The International Auditing and Assurance Standards Board (IAASB).
  • The framework of International Standards on Auditing (ISAs).
  • ISAs - what they represent and how they are set.

2. ISA 200, Overall Objectives

  • Overall objectives of an audit of financial statements.
  • General principles governing auditors and their work.
  • The nature and scope of an audit.

3. ISA 230, Audit Documentation

  • Preparing and retaining documentation.
  • Assembly of the final audit file.
  • Confidentiality.

4. ISA 240, The Auditor’s Responsibilities Relating to fraud in an audit of financial statements

5. Planning

  • ISA 300, Planning an audit of financial statements.
  • ISA 315, Understanding the entity and its environment.
  • ISAs 320 and 450, Audit materiality and evaluation of misstatements.

6. Internal Control and Risk Assessment

  • ISA 265, Communicating deficiencies in internal control to those charged with governance and management.
  • ISA 315, Assessing the risks of material misstatements.
  • ISA 402, Audit considerations relating to an entity using a service organization.

7. ISA 500, Audit Evidence

8. ISA 501 and 505, Specific Items

9. Analytical Procedures, Audit Sampling and Written Representations

  • ISA 520, Analytical procedures.
  • ISA 530, Audit Sampling.
  • ISA 580, Written representations.

10. Internal Auditing

11. Reporting

  • ISA 700,705,706, Auditor's report on financial statements.
  • ISA 570 Going concern.

11. Glossary

  • Mock assessment.