Auditing

An overview of auditing; audit reports; professional ethics; legal liability; audit objectives; types of evidence and documentation; audit planning and analytical procedures; materiality and risk; the study of the client's internal control structure and assessment of control risk; overall audit plan and audit programme; audit of the sales and collection cycle; audit sampling for tests of transactions; completing the tests in the sales and collections cycle - accounts receivable; audit sampling for tests of details balances; the effect of complex EDP systems on auditing; audit and the payroll and personnel cycle; audit of the acquisition and payment cycle; the acquisition and payment cycle - verification of selected accounts; audit of the inventory and warehousing cycle; audit of the capital acquisition and repayment cycle; audit of cash balances; completing the audit; other engagements, services and reports; operational and compliance auditing.