This course emphasizes on the audit process which covers audit responsibilities and objectives, audit planning and materiality, assessing the risk of material misstatement and assessing and responding to fraud risks. Furthermore, it outlines the key components of the effective system of internal controls over financial reporting ( integrates coverage of IT general controls and application controls COSO framework ). Finally, it shows how effective internal controls can reduce planned audit evidence in the audit of financial statements.
1. Deal with auditor and management responsibilities, and professional scepticism.
2. Understand audit planning and materiality and assessing the risk of material misstatement.
3. Explore and understand assessing and responding to fraud risks.
4. Understand the key components of the effective system of internal controls over financial reporting and COSO framework.
5. Learn more about assessing control risk and reporting on internal controls.
- Teacher: عبير الخوري