AUI3702_Study_Notes. This is a complete an an all-inclusive guide to AUI3702 - The Internal Audit Process: Test Of Controls
Internal auditing is an independent, objective assurance and consulting activity designed to add value and
improve an organization’s operations. It helps an organization a...
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Table of Contents
Welcome .............................................................................................................................................................................................
TOPIC 1 SUMMARY NOTES : INTERNATIONAL PROFESSIONAL PRACTICE FRAMEWORK (IPPF) ...............................
Code of Ethics ................................................................................................................................................................................1
Rules of Conduct ........................................................................................................................................................................1
1100.Independence and Objectivity .......................................................................................................................................15
1200. Proficiency and Due Professional Care ........................................................................................................................16
1300 – Quality Assurance and Improvement Program ........................................................................................................16
2100 .Nature of Work ................................................................................................................................................................16
2300. Performing the Engagement .........................................................................................................................................17
2600 : Communicating the Acceptance of Risks .......................................................................................................................17
Some of the roles of internal auditors .......................................................................................................................................17
Transactions and events : ............................................................................................................................................................18
Existence .........................................................................................................................................................................................
Rights & ...........................................................................................................................................................................................
Assertions for Statement of Comprehensive Income transactions and balances : .............................................................20
Procedures used by auditor to obtain audit evidence .............................................................................................................21
Audit Procedures consists of : .....................................................................................................................................................21
Tests of controls only consists of ............................................................................................................................................22
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