About the subject

This subject covers the nature and range of audit and assurance engagements, including their processes, methodologies and procedures. It also covers the environment auditors work in and the roles of private-sector, public-sector and internal auditors.

It introduces the international standards for audit, review and assurance engagements, the quality management standard for audit firms, and the code of ethics. Case studies show the strategic approach to audit engagements.

The five modules

The five modules carry equal weight:

• The assurance framework
• Planning the audit
• Performing the audit
• Conclusions and reporting
• Other assurance engagements