Nature and purpose of an audit. Rules and ethics governing the work of an auditor, professional

independence of the auditor and his legal status, appointment, resignation and removal of the

auditor. Relationship with directors and management, duties, rights and remuneration of the

auditors, his professional responsibilities and liabilities. Planning, controlling and recording an

audit, internal controlling and recording and audit, internal and external audit, internal control

systems, audit procedure. Audit of cash transactions, impersonal ledger, verification of assets,

statement of financial position audit and post-statement of financial position events.

Level of Study: 400 Level