Demand for audit and assurance services
· Definition of Audit & Auditing
· Audit & Assurance Service
· Nature of Auditing
· Distinction between Auditing & Accounting
· Types of Audits & Auditors
· Why auditing is Required
· Limitations of an Audit Certified Public Accountants
· Services Provided by CPA Firms
· Attributes necessary for Success in Auditing
· Generally Accepted Auditing Standards
· Ethical Behavior & Integrity of Auditors
· Accounting Profession in Bangladesh
Professional Ethics
· Ethics & Ethical Dilemmas
· Need for Ethical Conduct
· Code of Professional Conduct
International Standards on Auditing:
· International Federation of Accountants
· Objectives and Basic Principles Governing an Audit
- 56 -
· Approach to an Audit
· Auditing Procedures and Related Concepts
· Special Situation Audit
Management Audit and Internal Audit
· Definition of Management Auditing
· Structure and Scope of Management Audit
· Steps in Management Audit
· Needs of Management Au
· Qualities and Functions of Management Auditors
· Definition & Objectives of Internal Audit
· Basic Principles & Advantages of Internal Auditing
· Function & Qualification of Internal Auditor
Liabilities of Professional Accountants
· Nature of liabilities of professional accountants
· Liability of an auditor under the Company Act. & Income Tax Ordinance
· Civil Liability of an auditor
· Liability of an auditor to third parties
Audit Responsibilities & Objectives
· Objectives of Conducting an Audit
· Management’s Responsibilities
· Auditor’s Responsibilities
· Setting Audit Objectives
Audit Evidence
· Nature of Audit Evidence
· Persuasiveness of Evidence
· Types of Audit Evidence
Materiality & Risk
· Materiality
· Preliminary Judgment about Materiality
· Estimate error
· Audit Risk
· Assessing Acceptable Audit Risk
· Assessing Inherent Risk
· Components of Internal Control
· Assessing Control Risk
· Tests of Controls
· Assessing Detection Risk
Audit Planning & Documentation
· Analytical Procedures
· Preplan the Audit
· Information about Client’s Legal Obligations
· Perform Preliminary Analytical Procedures
· Audit Documentations- Working Paper
Overall Audit Plan & Audit Program
· Types of Tests
· Selecting Which Types of Tests to Perform
· Impact of IT on Audit Testing
· Evidence Mix
· Design of the Audit Program
Audit Reports
· Types of Audit Reports