Audit Of Financial Statements 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


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