Audit Of Financial Statements By Chartered Accountant

How to conduct the audit of financial statements - A course by Chartered Accountant

What you'll learn

Understanding of audit of financial statements

Audit engagement to audit report

Method of auditing various financial items

Audit procedures and audit opinions in different situations

Requirements

Fundamental knowledge in Accounting

Description

The course mainly focusses on the procedures from audit engagement till the drafting of audit opinion. The course include important auditing concepts, terms like audit planning, audit programme, audit procedures including internal control and checking of financial statements and audit reports and types of audit reports in different practical situations. The course details the important audit procedures that have to be undertaken regarding every item contained in the financial statements. Each item of the financial statements require different audit procedures, The course aims to provide the methods, techniques and procedures of different items included under the heads, current assets, non-current assets, current liabilities, non-current liabilities, revenues, expenses and capital.The course will act as a guide for those students at all levels of accounting, auditing, finance and commerce. The course will be a pathfinder to those want to take auditing as a profession. The students can also keep the course or take down the notes of the course for meeting their educational, practical or professional requirements.The students will find an easy way to approach auditing. After the end of the course, the students can identify that auditing is not complex as we think, it is too easy if it is well understood.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Basic Concepts in Auditing

Lecture 2 Important Terms

Section 3: Audit Procedures

Lecture 3 Audit Procedures

Section 4: Detailed Audit Procedures

Lecture 4 Audit of Internal Control

Lecture 5 Audit of Current Assets

Lecture 6 Audit of Non-current Assets, Current Liabilities and Non-current Liabilities

Lecture 7 Audit of Revenues and Expenses

Lecture 8 Audit of capital, retained earnings and drawings

Section 5: Audit Opinion

Lecture 9 Types of Audit Reports

Section 6: Assessment Questionnaire

Lecture 10 Questionnaire

All levels of Accounting, Auditing and Finance students