This course addresses the following competences:

  • Articulate in detail the main underpinning principles and concepts of auditing and assurance and demonstrate an understanding of how they apply in practice;
  • Define and describe the audit cycle and explain its impact on the overall planning and management of audits;
  • Describe the various applications of information technology available to external auditors in planning audits, gathering and processing information and evaluating evidence;
  • Explain the need for conducting audits within a framework of professional ethics and values, and demonstrate a sound understanding of ethical issues in auditing and the policies designed to address them.
  • Demonstrate a knowledge and understanding of audit reporting structures in an entity both internal (e.g. audit committees) and external (e.g. regulatory/ legislative oversight), and the potential contribution audit can make to effective corporate governance;
  • Define and describe the concept of internal audit and discuss the case for the deployment of the internal audit function in both public and private sector entities;
  • Identify the specific roles, responsibilities and accountabilities of internal auditors versus external auditors and how they can cooperate under a combined assurance model;

Module: Public sector auditing
Skill Level: Beginner

This course addresses the following competences:

  • Demonstrate a knowledge and understanding of the nature, causes and incidence of audit risk and describe and comment on the methods and procedures designed to mitigate such risk with particular reference to audit planning; 
  • Identify and define the nature of audit evidence, and describe the types of audit evidence required for an audit; 
  • Describe the processes involved in planning a specific audit with particular reference to audit engagement and audit quality, and to audit aims, objectives and accountabilities;
  • Demonstrate a practical knowledge of the procedures involved in conducting an audit including the preparation of working papers and other documentation, the collection and evaluation of audit evidence and the range, application and appropriateness of audit techniques in assessing the control environment;
  • Explain thoroughly the role audit evidence plays in the processes leading to the expression of an audit opinion;
  • Demonstrate a sound approach to drawing conclusions from evidence compiled during the audit, and to formulating appropriate audit findings and recommendations; 
  • Incorporate audit findings and recommendations in a draft management letter and/or other applicable formats as required by the audit plan;
  • Identify and discuss the remaining steps needed to finalise, and where appropriate, follow up a completed audit;
Module: Public sector auditing
Skill Level: Beginner

This course addresses the following competence:

  • Demonstrate an understanding of the objectives, elements, principles and process of compliance audits in the public sector context
Module: Public sector auditing
Skill Level: Beginner

This course addresses the following competence:

  • Demonstrate an understanding of the objectives, elements, principles and process of performance audits in the public sector context
Module: Public sector auditing
Skill Level: Beginner