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Auditing Problems Syllabus

The syllabus covers 5 modules related to auditing problems. Module 1 addresses audit planning and internal controls, including analytical procedures, understanding internal controls, and testing controls for various cycles. Module 2 focuses on evidence accumulation and evaluation for substantive tests of transactions and balances across revenue, expenditures, production, financing, and investing cycles. Module 3 covers completing the audit, including evaluating related parties, going concern, contingencies, post-balance sheet events, drafting financial statements and an audit report, and applying analytical procedures for overall review.

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tgenterone
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149 views

Auditing Problems Syllabus

The syllabus covers 5 modules related to auditing problems. Module 1 addresses audit planning and internal controls, including analytical procedures, understanding internal controls, and testing controls for various cycles. Module 2 focuses on evidence accumulation and evaluation for substantive tests of transactions and balances across revenue, expenditures, production, financing, and investing cycles. Module 3 covers completing the audit, including evaluating related parties, going concern, contingencies, post-balance sheet events, drafting financial statements and an audit report, and applying analytical procedures for overall review.

Uploaded by

tgenterone
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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Auditing Problems Syllabus

Module 1 Audit Planning and Internal Control Consideration (CF AT Module 4.2) 1.1 Application of analytical procedures in audit planning 1.2 Understanding of the internal control and tests of controls a. Revenue and receipt cycle b. Expenditure and disbursement cycle c. Production cycle d. Investing and financing cycle Module 2 Evidence Accumulation and Evaluation Substantive Tests of Transactions and Balances 2.1 Audit of the revenue and receipt cycle a. Audit of sales and revenue transactions b. Audit of receivable balances c. Audit of cash receipt transactions/cash balance 2.2 Audit of expenditure and disbursement cycle a. Audit of acquisitions and purchases b. Audit of payroll transactions c. Audit of cash disbursement transactions/cash balance d. Audit of inventory balances e. Audit of trade payable balances f. Audit of prepaid expenses and accrual liabilities 2.3 Audit of production cycle a. Audit of conversion activities b. Audit of inventory balances: work-inprocess and finished goods c. Audit of cosst of goods sold balance 2.4 Audit of the financing cycle a. Audit of financing cycle transactions b. Audit of non-trade liabiity balances c. Audit of interest expense and finance cost balances d. Audit of equity accounts 2.5 Audit of investing cycle a. Audit of investing transactions b. Audit of investment account balances c. Audit of property plant and equipment account balances d. Audit of intangible account balances Audit of cash balances Module 3 Completing the Audit (CF AT Module 7.0) 3.1 Evaluation of related party transactions, going concern and contingencies 3.2 Evaluation of events after the balance sheet date 3.3 Drafting the audited financial statements 3.4 Application of analytical procedures in the overall review 3.5 Drafting the audit report

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