Subject 7 Audit and internal control

Goal

to provide knowledge and skills for the application of international auditing standards
to provide theoretical foundations for conducting high-quality auditing activities

Content

BASIC PRINCIPLES, SETUP, TASK ACCEPTANCE

Setup and Framework
Rules of ethics of the auditor
Independence, acceptance of customers and continuation
Letter of commitment

RISK PLANNING AND ASSESSMENT

Audit process: planning, evidence gathering and summarizing
Identification of audit risks, documentation and risk response
Application of the evaluation entity at the stage of planning, evidence collection and generalization
Fraud and error risk assessment
Elements of the management environment, documentation

COLLECTION OF EVIDENCE, ASSURANCES

Procedures for collecting audit evidence,
Sufficient amount of relevant audit evidence
Audit option
Audit evidence on individual items, including external assurances
Control tests
Analytical procedures

RESUME, COMMUNICATION

Communication with the customer’s management
Types of audit opinions and circumstances of application

Evaluation method

Candidates must pass an exam made up of practical tasks:

The exam is considered passed if the participant scored 50 or more points out of 100 possible points: