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Financial Statement Audit: Techniques and Best Practices

What you will 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

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.


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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.

English
language

Content

Introduction

Introduction

Basic Concepts in Auditing

Important Terms

Audit Procedures

Audit Procedures

Detailed Audit Procedures

Audit of Internal Control
Audit of Current Assets
Audit of Non-current Assets, Current Liabilities and Non-current Liabilities
Audit of Revenues and Expenses
Audit of capital, retained earnings and drawings

Audit Opinion

Types of Audit Reports

Assessment Questionnaire

Questionnaire