This course is designed (a) to provide the participants with an understanding of the theory and practice of auditing and (b) to convey an understanding of the role of the auditor and the objectives of auditor's report in statutory audits. The course attempts to provide an overall framework within which the audit process is conducted and within this framework to deal with the issues of risk assessment, testing and audit evidence in relation to cash, inventories, fixed assets, receivables and payroll. Theoretical and practical issues are demonstrated using published decided cases which have influenced the evolution of auditing.
- Teacher: Lorraine King