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Principles of Auditing
R6,900.00
Principles of Auditing offers an in-depth exploration of auditing principles and procedures. This textbook introduces students to the foundational aspects of auditing, including its purpose and process. It emphasises the role of internal controls, regulatory procedures, and the importance of ethical practices within the auditing profession. By examining various auditing cycles—such as revenue, payroll, finance, and investment—the text equips students with the skills to conduct audits effectively and form professional opinions, preparing them for a career in auditing.
As an institution that is responsive to changing student requirements in certain sectors of the market, we have introduced an online option offering shorter courses. These courses provide quick wins for busy professionals and can fast-track careers in a matter of weeks or months. Professionals can stay at the cutting edge of industry-relevant skills development, as they compete in the dynamic 4IR (fourth industrial revolution) job market. Like our distance courses, our online courses allow you to register at any time. Studying is flexible and can be scheduled according to your needs.
COURSE DURATION:
12 Months
COURSE START DATES:
You can start studying this course at any time of the year as soon as you have completed your registration, you can get started. There are no specific registration dates!
COURSE INFORMATION:
This course contains a CourseBookTM, which is an innovative fusion of the traditional textbook and online course, combining quality educational content with an interactive, social learning experience to promote success. The course has been broken into three Study Phases (please see below). At the end of each study phase, there is a quiz that you are required to complete.
- Study Phase 1 Quiz:
- An introduction to auditing
- Preliminary and planning phase
- Internal control evaluation
- Study Phase 2 Quiz:
- Revenue and receipts cycle
- Acquisition and payment cycle
- Payroll cycle
- Study Phase 3 Quiz:
- Inventory and production cycle
- Finance cycle
- Investment cycle
- Completing the audit and forming an opinion
ASSESSMENT:
Work through the workbook. At the end of each Study Phase, there is a quiz to complete. You need to complete and pass each of the quizzes with a minimum of 70% to get a certificate. No restrictions on your attempts.
COURSE EXIT OUTCOMES:
After completing this course, you should be able to:
- Explain the nature, purpose, and advantages of auditing, including the structure of the auditing profession and international standards (ISAs).
- Describe the fundamental principles, ethical requirements, and independence in auditing.
- Outline the objectives, importance, and evaluation techniques of internal controls in the audit process.
- Explain the preliminary and planning phases of an audit, including risk assessment, materiality, and the importance of audit evidence.
- Describe the techniques for obtaining and documenting audit evidence, including the use of IT.
- Evaluate internal control systems, including IT controls, and explain their significance in the audit process.
- Explain the audit procedures for the revenue, receipts, acquisition, and payment cycles, including tests of controls and substantive procedures.
- Discuss the audit procedures for the payroll, inventory, and production cycles, including inventory count procedures.
- Describe the audit procedures for the finance and investment cycles, focusing on controls and substantive tests.
- Outline the process of completing the audit, assessing going concern, evaluating subsequent events, and forming an audit opinion.
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Principles of Auditing
R6,900.00Principles of Auditing offers an in-depth exploration of auditing principles and procedures. This textbook introduces students to the foundational aspects of auditing, including its purpose and process. It emphasises the role of internal controls, regulatory procedures, and the importance of ethical practices within the auditing profession. By examining various auditing cycles—such as revenue, payroll, finance, and investment—the text equips students with the skills to conduct audits effectively and form professional opinions, preparing them for a career in auditing.