External Auditing

This course will teach you how to analyze the inner workings of any enterprise and present an unbiased and independent evaluation of its financial statements.

You'll learn about the concept, theory and practice of auditing, its scope and planning, decision-making, legal and ethical requirements, the evaluation of internal controls, risk and materiality.

The course also covers audit-test documentation, business-cycle audits, statistical and non-statistical sampling of evidence, the application of audit judgment against available evidence and auditing in an electronic environment.

What you will learn?

• Learn audit procedures for revenue, receivables and collection, payment and investment cycles.
• Discover how to define, discuss and resolve ethical dilemmas in accounting.
• Understand professional practice and quality-control standards.
• Become familiar with the audit-risk model and its importance in developing an audit strategy.
• Learn about internal controls and how to evaluate them.
• Enhance your professional judgment when completing audits and issuing final audit reports.