Lecture Notes On Advanced Audit & Assurance

ACC 411 ADVANCE AUDIT AND ASSURANCE 4CONTENTS PAGE Introduction.................................................................... . iv What you will Learn in this Course............................... . iv Course Aims................................................................... iv Course Objectives........................................................... iv Course Materials............................................................ v Study Units.................................................................... v Assessment..................................................................... vi Tutor-Marked Assignment............................................. vi Final Examination and Grading..................................... vi How to Get the Most from this Course.......................... vii Facilitators/Tutors and Tutorials.................................... ix Summary........................................................................ ixACC 411 MODULE 1 5INTRODUCTION You are holding in your hand the course guide for ACC411 (Advance Audit and Assurance). The purpose of the course guide is to relate to you the basic structure of the course material you are expected to study as an Accounting student in National Open University of Nigeria. Like the name course guide implies, it is to guide you on what to expect from the course material and at the end of studying the course material. WHAT YOU WILL LEARN IN THIS COURSE The course will take you through topics such as audit strategy, audit evidence, test, document and risks, organisation and management of professional office, training, and auditors liability, ministries and governments agencies, audit procedure, specialised audit, investigation, insolvency, principles of professional ethics, application of professional ethics, local legislations affecting audits, international legislation affecting audits, quality control in