Audit procedures to obtain audit evidence-test of details.

Audit sampling.

Systems-based auditing.

Audit working papers.

Finalisation of the audit and relevant documentation.

Auditors’ reports to shareholders and reports to directors and management.

Review and reporting-Subsequent events and going concern issues.

Management Representations.

Code of corporate governance, professional ethical standards and relevant accounting and auditing standards.

Learning Outcomes

• Describe audit procedures to obtain audit evidence.

• Discuss the importance of written representations as a form of audit evidence.

• Evaluate the review and reporting requirements with focus on implications of subsequent events and going concern considerations.

• Explain audit objectives and procedures related to various balances from statement of financial position.

• Identify appropriate assertions at risk for major transaction types and account balances.

• Review the basic elements of audit reports

• Scrutinize computer assisted audit techniques.