Internal Audit Table of Contents


Table of Content
 

 

Accounting Basics

  • What is Accounting?
  • Accounting Terms
  • Concepts of Accounting
  • Conventions of Accounting
  • Branches of Accounting
  • Classification of Expenses, Income, Assets and Liabilities
  • Financial Statements
  • Systems of Accounting
  • Basis of Accounting
  • Source Documents
  • Journal
  • Ledger
  • Trial Balance
  • Subsidiary Books
  • Bank Reconciliation Statement (BRS)
  • Rectification of Errors
  • Suspense Account
  • Capital Expenditure and Revenue Expenditure
  • Capital Receipts and Revenue Receipts
  • Depreciation
  • Company Final Accounts

Auditing Basics

  • What is Auditing?
  • Types of Audits
  • Auditing Advantages and Limitations
  • Principles of Auditing
  • Auditing Standards
  • Important Auditing Terms
  • Expression of Opinion
  • Fraud and Error Detection
  • Audit Materiality
  • Audit Risk
  • Internal Auditing

Auditor Skills

  • Who is an Auditor?
  • Types of Auditors
  • Qualities of an Auditor
  • Critical Thinking
  • Decision Making
  • Relationship Management

Internal Controls, Policies and Procedures

  • Basics of Internal Controls
  • COSO Framework
  • Other Frameworks
  • Steps to Audit with an Internal Control Framework
  • Internal Controls Policy and Procedures
  • Control Environment
  • Entity’s Risk Assessment Process
  • Control Activities
  • Tools and Techniques

Audit Planning

  • Audit Planning Basics
  • Audit Plan
  • Audit Strategy
  • Audit Program
  • Audit Engagement

Stakeholder Analysis

  • Stakeholder Engagement Methods
  • Stakeholder Index Value
  • Stakeholder Prioritization
  • Stakeholder Analysis

Audit Execution and Reporting

  • Audit Execution
  • Audit Evidence
  • Audit Sampling
  • Audit Documentation
  • Vouching
  • Verification of Assets
  • Verification of Liabilities
  • Financial Statement Auditing
  • Audit Quality
  • Auditor's Professional and Ethical Responsibilities
  • ERP Auditing
  • Cloud Computing Audit

Governance, Risk Management & Compliance

  • What is Governance, Risk Management, and Compliance (GRC)?
  • Corporate Governance
  • Risk Management
  • GRC and Compliance
  • GRC Maturity


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