Auditing II: The Practice of Auditing

This module provides an introduction to the course, the instructor, and the learning environment. It also covers the technical skills required to navigate the course successfully.

This module introduces the concept of strategic systems auditing (SSA), strategic analysis, strategic business risks, and business process analysis.

This module covers the concept of triangulation in audit evidence, focusing on three fundamental sources: entity business states, management information intermediaries, and management business representations. It also applies evidence triangulation to the WorldCom scandal.

This module introduces the concept of internal controls, their components, and impact on auditing. It covers different audit strategies and categories of internal control weaknesses.

This module focuses on interpreting evidence in significant business processes, with a particular emphasis on inventory-related processes and potential issues.

This module covers sampling techniques in auditing, focusing on attribute sampling. It discusses sampling risk, determinants of sample size, and steps involved in planning and performing attribute sampling.

This module covers unit sampling, its differences from non-statistical sampling, and the process of planning, picking, and evaluating sample results. It also discusses different types of sample selections.

This module focuses on fraud risk assessment in auditing. It covers the importance of wise thinking and professional skepticism, and presents several studies on factors influencing auditors' judgement and management's behavior.

This module covers the final stages of an audit engagement, including completing the audit, evaluating audit results and differences, and communicating audit results.