Certified in Auditing (CIA)

About Course

Auditing is concerned with the verification of accounting data by determining the accuracy and reliability of accounting statements and reports.

The Report of the Committee on Basic Auditing Concepts of the American Accounting Association (AAA) defines,

Primary Objectives of Audit
The main objectives of the audit are known as the primary objectives of the audit.
They are as follows:
Examining the system of internal check.
Checking arithmetical accuracy of books of accounts, verifying posting, casting, balancing, etc.
Verifying the authenticity and validity of transactions.
Checking the proper distinction between capital and revenue nature of transactions.
Confirming the existence and value of assets and liabilities.
Subsidiary Objectives of Audit
These are such objectives that are set up to help in attaining primary objectives.
They are as follows:
Detection and prevention of errors.
Detection and prevention of fraud.
Under-or over-valuation of stock.

Chapter 1 the Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
Chapter 2 Planning
Chapter 3 Internal Control and Risk Assessment

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