Course Title Principles And Practice Of Auditing
Course Level 300
Credit Unit 2

INTRODUCTION

This course is designed to introduce students to the introduction to the concept of auditing, concerns in audit practice, internal controls, internal checks, audit program, audit working paper, International Auditing Standard as it relates to Nigeria Standard on Auditing, procedures for appointing an auditor and fixing his remuneration, auditor’s duties, rights, powers, responsibilities, removal, resignation, understand the fundamental ethical principles of auditing, applying the principles and practice of auditing to auditing practices and Audit report 


COURSE CONTENTS

  • Introduction to the concept of Auditing 

  • Concerns in audit practice: Internal controls, internal checks, audit program, audit working paper   

  • International Auditing Standard as it relates to Nigeria Standard on Auditing 

  • Procedures for appointing an auditor and fixing his remuneration, auditor’s duties, rights, powers, responsibilities, removal, resignation. 

  • Understand the fundamental ethical principles of Auditing 

  • Applying the principles and practice of auditing to auditing practices

  • Audit report 


EXPECTATIONS

At the completion of this course, students are expected to:

  • Understand the concept of Auditing and International Auditing Standard as it relates to Nigeria Standard on Auditing 

  • Understand procedures for appointing an auditor and fixing his remuneration, auditor’s duties, rights, powers, responsibilities, removal, resignation. 

  • Understand the fundamental principles of Auditing and Apply the concept and fundamental principles of Auditing to Audit practices 

  • Write an audit report 


CONCLUSION

Auditing relies upon a set of principles to help make an audit an effective and reliable tool in support of management policies and controls. Audits provide information for organizations to act on to improve their business performance. There are fundamental principles, which govern the auditor's professional responsibilities and which should be complied with whenever an audit is carried out.