The aim of this module is to enable students to develop, understand and apply risk-based audit 
methods for both audit and assurance. Its focus is on providing the core knowledge of audit 
processes from appointment, through to planning, performance and reporting in accordance to 
International Standards on Auditing (ISA).
 
On completion of this module, candidates will reach a competency sufficient to be able to: 

(A) Define and explain the nature of audit and assurance engagements 
(B) Outline how International Standards on Auditing are developed and updated 
(C) Identify and explain the regulatory, professional and ethical issues relevant to those 
carrying out an audit or assurance engagement 
(D) Identify and explain the processes involved in accepting and managing audit or assurance 
engagements 
(E) Plan for, describe and explain, the performance of, audit and assurance engagements in 
accordance with the terms of the engagements and appropriate standards 
(F) Outline the nature of the evidence required for a specified audit or assurance engagement 
(G) Outline the nature of the review required for a specified audit engagement 
(H) Outline the procedures to conclude and draft a report on specified audit assurance 
engagements 
(I) Explain the role of Internal Audit in relation to Assurance and External Audit 

PRICE GHC150.00 (SUBJECT TO ANNUAL REVIEW)