Description

KASNEB CPA AUDITING ASSURANCE REVISION KITS

KASNEB CPA AUDITING ASSURANCE REVISION KIT UNIT DESCRIPTION

The KASNEB CPA Auditing Assurance Revision Kit is intended to equip the candidate with knowledge, skills and attitudes that will enable him/her to conduct the audit of an entity.

LEARNING OUTCOMES

A candidate who passes this paper should be able to:

• Demonstrate an understanding of the regulatory framework governing the external audit of financial statements
• Demonstrate an understanding of International Standards on Auditing where appropriate and the International Code of Ethics for Professional Accountants (including International Independence Standards)
• Implement the process of planning an audit, prepare audit programs and effectively conduct an audit
• Undertake audit risk assessments (excluding group accounts)
• Apply the risk based audit approach to audit of limited companies
• Prepare non – complex audit reports for audit

CONTENT

1. Nature and purpose of an audit

2. Assurance and non- assurance engagements

3. Legal and professional framework

4. Planning and Risk Assessment

5. Audit risk assessment

6. Audit planning

7. Audit documentation

8. Internal control systems and Internal Audit Function

9. Overview of Forensic Accounting, Errors,     Frauds and Irregularities

10. Errors, Frauds and Irregularities

11. Audit evidence

12. Auditing in the public sector

13. Auditors Reports

14. Auditing in a computerised system

15. Contemporary and emerging issues in audit