ACA audit and assurance, ICAEW professional stage : study manual / ICAEW

Contents;

INTRODUCTION TO AUDIT AND ASSURANCE
1 An Overview of Audit and Assurance
2 The Audit and Assurance Syllabus: Learning Outcomes and Syllabus Contents
3 The Assessment Framework
4 Examiner's Comments
5 Learning Materials

SESSION 1 PRINCIPLE OF AUDIT AND ASSURANCE REPORTING
1 Introduction
2 What is an Assurance Engagement?
3 The Practitioner's Role
4 Terms of Engagement
5 Assurance and Risk, etc.

SESSION 2 RESPONSIBILITIES
1 Introduction
2 Responsibilities of Management
3 The Assurance Firm's Responsibilities
4 Engagement Letters
5 Responsibilities of Internal Providers of Assurance Services, etc.

SESSION 3 PROFESSIONAL ETHICS
1 Introduction
2 The need for Professional ethics
3 Who Makes and Enforces the Rules
4 The Fundamental Principles
5 The Auditors' Code, etc.

SESSION 4 QUALITY CONTROL
1 Introduction
2 It's All A bout Risk
3 So What Could Go Wrong?
4 The Consequences of Quality Failure
5 The Building Blocks of Quality Control at the Engagement Level, etc.

SESSION 5 AUDITING UNDER THE COMPANIES ACT 1985
1 Introduction
2 The Requirement for Audit
3 The Concepts of Registered Auditor
4 Appointment, Removal and Resignation of Auditors
5 Duties and Rights of the Auditor, etc.

SESSION 6 UNDERSTANDING THE BUSINESS
1 Introduction
2 Background
3 Why Do I Need to Understand the Client's Business?
4 What Do I Need to Understand About the Client's Business?
5 Where Dose My Understanding Come From?, etc.

SESSION 7 PLANNING THE AUDIT
1 Introduction
2 Why Plan?
3 When Dose planning Take Places?
4 The Audit Strategy
5 Analytical Procedures, etc.

SESSION 8 RISK ASSESSMENT
1 Introduction
2 The Concepts of Business Risk
3 What is the Linkage Between Risk and the work you Do?
4 Inherent Risk
5 Control Risk, etc.

SESSION 9 SYSTEMS AND CONTROLS
1 Introduction
2 Systems and Why You Need to Understand Them
3 Why do you Need to Understand the System?
4 Documenting the System
5 What is Internal Control?

SESSION 10 SOURCES OF EVIDENCE
1 Introduction
2 Where Audit Evidence Fits in
3 Risk and Assertions
4 Sufficient Appropriate Audit Evidence
5 The Sources of Audit Confidence, etc.

SESSION 11 GATHERING EVIDENCE
1 Introduction
2 Specific Tests for Particular Balances
3 Audit of Accounting Estimates
4 Related Parties
5 Computer Assisted Audit Techniques, etc.

SESSION 12 COMPLETION
1 Introduction
2 The Completion Phase in Context
3 The Objective of the Completion Stage
4 Do the Financial Statements Comply with the Companies Act 1985?
5 Do the Financial Statements Make Sense?

SESSION 13 REPORTING
1 Introduction
2 Difficulties with the Wording of the Audit Report
3 The Main Components of an Audit Report
4 What if the Report Needs Modifying
5 Qualified Reports- a Summary

SESSION 14 ASSURANCE REVISITED
1 Introduction
2 The Assurance Engagement Revisited
3 Levels of Assurance
4 Accounts Preparation--Assurance
5 Risk Again, etc.

SESSION 15 KEY PROFESSIONAL AND ETHICAL ISSUE
1 Introduction
2 Background
3 The Expectation Gap
4 Corporate Governance
5 The Combined Code, etc.

Includes Index : p. 477-482