Introduction
· Definition of Audit & Auditing
· Audit & Assurance Service
· Distinction between Auditing & Accounting
· Objectives of an audit
· Limitations of an Audit
· Types of Audits
· Types of Auditors
· Certified Public Accountants
· Generally Accepted Auditing Standards
Accounting Profession in Bangladesh
· Bangladesh Chartered Accountants Laws 1973
· Certificate of Practice
· Article students committee
· Examination and training
Professional Ethics
· Definition
· Need for ethics
· Responsibility to clients
· Responsibility to colleagues
Internal control Concepts
· Definition of internal control
· Classification of internal control
· Extent and limitations of internal control
· Essential features of internal control
· Organizational arrangement
· Principles of internal control system design
· Internal check
· Internal audit as a control factor
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· Internal control and the auditor
Testing Internal Control Procedures:
· Principles of compliance tests
· Testing Internal Control Procedures of purchases
· Fixed Assents
· Sales
· Receipts
· Bank Reconciliation’s
· Nominal Ledgers
Materiality and Risk:
· Materiality
· Set Preliminary Judgment about Materiality
· Estimate Error
· Audit Risk
· Desired audit risk
· Inherent Risk
· Control Risk
· Detection Risk
Audit Approach
· Overall concept of the audit approach
· Determination of the audit strategy
· Auditor’s responsibility
· Familiarization with the client’s business
· Documentation of audit strategy
· Audit evidence
· Audit evidence decisions
· Persuasiveness of evidence
· Types of evidence
· Audit tests
· Reliance on internal control
The Audit Report
· General Considerations
· Signing & Dating Audit report
· Distinction between Reports and Certificate
· Report Review
· Types of Audit Reports