ACCA Auditing: Paper 2.1

Part 1: ACCA syllabus; study guide and syllabus commentary. Part 2 The study section: introduction to auditing - the why of auditing; the rights and duties of an auditor under the Companies Act; accounting records; accounting requirements of the Companies Act; auditing standards and guidelines; statements of standard accounting practice and the auditor; rules of professional conduct; letters of engagement; the modern audit stages; the timing of audit work; the auditor's operational standard; accounting systems; internal controls; audit testing; analytical review techniques; working papers; reports to management; the auditor and errors and fraud; asset verification; stock and work in progress; liability verfication; audit evidence; audit risk; statistical and other sampling methods; reliance on other specialists; the final review stage of the audit; the true and fair view; representations by management; auditors' reports; qualified auditor's reports; events after the balance sheet date; auditing and SSAPs; the first audit; small companies; the vouching audit; specialized audit; non-company audits; planning; quality control; auditor's liability; internal control in EDP situations; auditing in a computer environment; audit of small businesses with computerized systems; internal auditing; reliance on internal audit. Part 3 The revision section: examination technique; examiner's reports; revision check lists of essential knowlege by topic area; special revision questions with commentary and answers; two mock examination papers. ACCA question analysis