AUDITING TECHNIQUES FOR EVERY BUSINESS

OVERALL AIM

To enable the learner understand procedures involved in planning and executing audit assignments as well as developing insights into professional values, ethics and attitudes.

LEARNING OUTCOMES

On completion of this course, the learner should be able to:-

1.          Define auditing

2.          Explain the need for and the nature of auditing

3.          Describe the legal, regulatory and ethical environment within which audits are performed in Uganda

4.          Explain the principles and procedures of auditing

5.          Explain how audit work is documented to provide sufficient appropriate audit evidence 6. Explain the design and testing of internal controls

7.          Describe risks of auditing in an information technology environment and the use of computer-assisted audit techniques

8.          Explain the role of internal auditing

9.          Describe the performance of internal audit tasks

10.       Explain ethics in business and society

11.       Demonstrate an understanding of public interests and fundamental ethical principles

12.       Demonstrate an understanding of ethical standards of an accountant

13.       Discuss ethical issues that an accountant needs to be mindful of

14.       Explain corporate governance issues

15.       Evaluate the relationship between ethics and corporate governance

16.       Apply professional ethics, values and attitudes to work assignments

17.       Identifying business opportunities and developing them into viable businesses

18.       Explain the challenges facing entrepreneurs and how to overcome them

LEVEL OF ASSESSMENT

The examination will be focused mainly on knowledge, application and analysis of the principles acquired in auditing and professional ethics and values.

EXAMINATIONS STRUCTURE

There will be a three hour examination made up sections A B and C. Section A will comprise of one compulsory question of 30 marks. Section B will comprise of four questions of 20 marks each of which the candidate will be required to attempt any three. Section C will comprise of two questions of 10 marks each, of which the candidate will be required to attempt one.