Module 1
GAAS-Benefits and limitations of external audit
Module 2
Ethical conflicts, safeguards-Rules of independence, objectivity
Module 3
Preliminary engagement activities-Audit engagement letter-Steps in audit planning
Elements of internal control-Limitations of internal control-Significance of internal control-
Materiality of misstatements-Audit risk assessment-Understanding the entity and its’ environment
Relevance and reliability of audit evidence-Financial statement assertions (Both P&L and balance
sheet)-Audit procedures (Inventory, bank and cash, receivables, tangible non-current assets
Module 4
Going concern-Subsequent events-Types of audit reports (Unmodified, modified qualified, modified
adverse, modified disclaimer of opinion
Module 5
Attestation services other than audit-Non attest services
GAAS-Benefits and limitations of external audit
Module 2
Ethical conflicts, safeguards-Rules of independence, objectivity
Module 3
Preliminary engagement activities-Audit engagement letter-Steps in audit planning
Elements of internal control-Limitations of internal control-Significance of internal control-
Materiality of misstatements-Audit risk assessment-Understanding the entity and its’ environment
Relevance and reliability of audit evidence-Financial statement assertions (Both P&L and balance
sheet)-Audit procedures (Inventory, bank and cash, receivables, tangible non-current assets
Module 4
Going concern-Subsequent events-Types of audit reports (Unmodified, modified qualified, modified
adverse, modified disclaimer of opinion
Module 5
Attestation services other than audit-Non attest services
