| |
|---|
| 2. Planning and risk assessment General Principles and Responsibilities |
|---|
| • ISA 200, Overall objectives of the Independent Auditor and the conduct of an Audit in accordance with International Auditing Standards |
| • ISA 210, Agreeing the terms of Audit Engagements |
| • ISA 220, Quality Control for an Audit of Financial Statements |
| • ISA 230, Audit Documentation |
| • ISA 240, The Auditor’s responsibilities relating to fraud in an audit of financial statements |
| • ISA250, Consideration of laws and regulations in an audit of financial statements |
| • ISA 260, Communication with those charged with governance |
| • ISA 265, Communicating deficiencies in internal control to those charged with governance and management |
| 3. Risk Assessment and Response to Assessed Risk |
|---|
| • ISA 300, Planning an audit of financial statements |
| • ISA 315, Identifying and assessing the risks of material misstatement through understanding the entity and its environment |
| • ISA 320, Materiality in planning and performing an audit |
| • ISA 330, The auditor’s response to assessed risks |
| • ISA 402, Audit considerations relating to an entity using a service organization |
| • ISA 450, Evaluation of misstatements identified during the audit. |
| 4. Internal Control |
|---|
| • Internal control |
| • Testing the controls regarding |
| • Inventory |
| • Sales |
| • Purchases |
| • Cash and bank |
| • Revenue and capital expenditure |
| • Non current tangible assets |
| 5. Internal Audit |
|---|
| • Internal audit and corporate governance |
| • Distinction among external and internal auditing |
| • Scope of and need for internal auditing |
| • Nature and types of internal operation audits |
| • Relationship between internal and external auditors |
| • Nature and types of internal audits |
| 6. Audit Evidence |
|---|
| • ISA 500, Audit Evidence |
| • ISA 501, Audit Evidence-specified consideration for selected items |
| • ISA 505, External confirmation |
| • ISA 510, Initial audit engagements-opening balances |
| • ISA 520, Analytical procedures |
| • ISA 530, Audit Sampling |
| • ISA 540, Auditing accounting estimates, including fair value accounting estimates, and related disclosures |
| • ISA 550, Related parties |
| • ISA 560, Subsequent events |
| • ISA 570, Going concern |
| • ISA 580, Written representation |
| 7. Collecting Audit Evidence of |
|---|
| • Collecting Audit Evidence of: |
| . Non‐current assets |
| • Inventory |
| • Receivables |
| • Cash and bank |
| • Liabilities, capital and directors’ emoluments |
| • Not‐for‐profit organization |