Calendar-thematic plan of lectures

№

Lecture theme in sections

Number of hours

Week

Literature

1

Accountancy

2

1,2

1-15

2

Accounting Theory

2

3,4

1-15

3

Auditing. Introduction

1

5

1-15

4

Financial Audit

1

6

1-15

5

Internal, Governmental and External Audit

3

7,8,9

1-15

6

Process of Audit

2

10,11

1-15

7

Tax

2

12,13

1-15

8

Profit

2

14,15

1-15

Total:

15

15

№

Seminar theme and its content

Number of hours

Week

Lessons format

1.

Part I: Internal Audit Function – Theoretical framework. Internal Controls Framework and Internal Audit

1. Internal Controls

2. Any system of internal control is limited by the following factors

3. Risk based audit and use of statistical sampling in audit.

3

1,2,3

Conversation, questions and answers

2.

Internal Audit charter

1. Internal Audit Charter

2. Standards of Internal Audit

1

4

Debate

3.

Types of audits

1. Financial Audit

2. Regularity Audit (Audit against Rules and Orders)

3. Information Systems Audit

1

5

Essay

4.

Audit Evidence

1. Principles of Audit Evidence

2. Relation between management assertions / audit objective and audit evidence

1

6

Conversation, round table

5.

Risk based audit and use of statistical sampling

1.Risk based audit

2. Compliance and substantive testing

3. Statistical Sampling

4. Computer Assisted Audit Techniques (CAAT)

2

7,8

The survey and SWOT analysis

6.

Part II: Practice Guide for Internal Audit. Working papers

1. Final Report, Correspondence with auditee, preliminary survey file

2. Working Papers

2

9,10

Debate

7.

Planning the Audit

1. Annual Audit Programme

2. Planning Individual Audits

3. Understanding the operations of the department

4. Knowledge of accounting and budgetary system, policies and procedures

2

11,12

Report, questions and answers

8.

Conducting the Audit

1. Identification of audit areas

2. Review of audit plan

3. Monitoring quality of audit work - role of team leader

4. Audit of fixed assets (including stores)

5. Audit of Pension

6. Audit of Contingent Expenditure

7. Audit of Procurement of goods and services

8. Assessment of computerised systems

1

13, 14

Brainstorm

9.

Concluding the Audit and Reporting Audit Findings

1. Concluding procedures

2. Reporting audit findings

3. Quality check of Audit Report:

2

15

Conversation, SWOT analysis

Total:

15

15