Cpa study material company professional#

It is the very first stage of an audit procedure where the client is notified the auditor that the work pertaining to audit has been accepted him/her and also provides clarifications with regard to the scope and purpose of audit. For example, an auditor’s report is a conclusion that increases the confidence that users can place in a company’s financial statements.Īudit engagement refers to audit performed an auditor. The term assurance refers to the expression of a conclusion that is intended to increase the confidence that users can place in a given subject matter or information. TO GET THESE NOTES, CALL|TEXT|WHATSAPP +254728 – 776 – 317 or Email 1 Assurance and non-assurance engagements……………….5.International Standards on Supreme Auditing Institutions.Relationship between external and internal auditors in the public sector.Role of internal audit function in public entities.Establishment, mandate and functions of public sector auditors Kenya National Audit Office (KENAO) and similar national audit bodies.Introduction to auditing in the Public Sector regulatory provisions.Types of audit reports and different aspect of reporting.Using the work of others (internal audit and experts).The audit of specific items (income/expenses/assets/liabilities).

Audit sampling and other means of testing.Financial statement assertions and audit evidence.Information technology threats and control.Communication on internal control system (management letter).Tests of controls on specific control environment.The use and evaluation of internal control systems auditors.Types of forensic investigations: Corruption, asset misappropriation, financial statement fraud, others.Nature, purpose and scope of forensic accounting.Audit planning, audit programmes and documentation.Understanding the entity and its environment.Obtaining clients acceptance and retention.

Cpa study material company professional#

Fundamental principles, threats and safeguards, other professional guidelines on audit fees, conflict of interest, advertising and opinion shopping.

Professional ethics/code of ethics for professional accountants.

International standards on auditing and other regulations.

Statutory regulations auditors’ liability, appointment, removal, remuneration, resignation, rights and duties of auditors.

Regulatory framework within which external audits take place.

Development of audit (early audit and modern audit)ġ0.3 Audit Legal and Professional framework.

10.1 Assurance and non-assurance engagements