Conducting Performance Audits Course

Module 1: Introduction to Auditing

• Purpose and Importance of Auditing
• Types of Audits
• Professional Standards

Module 2: The Audit Process

• Stages of an Audit
• Planning the Audit
• Gathering Audit Evidence
• Evaluating Internal Controls

Module 3: Risk Assessment

• Understanding Risk in Auditing
• Risk Assessment Procedures
• Materiality and Audit Risk

Module 4: Internal Control Systems

• Components of Internal Control
• Testing and Evaluating Controls
• Limitations of Internal Controls

Module 5: Audit Evidence

• Types of Audit Evidence
• Procedures for Collecting Evidence
• Reliability of Evidence

Module 6: Audit Sampling

• Concepts of Audit Sampling
• Statistical vs. Non-Statistical Sampling
• Evaluating Sampling Results

Module 7: Auditing Financial Statements

• Auditing Revenue and Receivables
• Auditing Expenditures and Payables
• Auditing Inventory
• Auditing Cash and Investments
• Auditing Liabilities and Equity

Module 8: Auditor’s Reports

• Types of Auditor’s Opinions
• Structure of the Auditor’s Report
• Communicating Findings

Module 9: Professional Ethics and Responsibilities

• Ethical Principles in Auditing
• Responsibilities to Clients and the Public
• Regulatory and Legal Requirements

Module 10: Current Issues in Auditing

• Technology in Auditing
• Fraud Detection
• Emerging Trends