Auditing of Computerized Accounting system Course 

Learning outcomes

At the end of the instruction, the participants will be able to

• Understand the concept of computerized accounting systems
• Understand the processes of computerized accounting
• Be aware of the advantages and risks involved in information technology auditing
• Appreciate the importance of computerization of auditing
• Receive information on techniques and methods of IT auditing
• Be aware of the specific features of the audit of computerized accounting

Main Training Modules

   Audit, Assurance Services & Theory of Auditing

• Evolution of Auditing
• Major Influences on Auditing
• Field of Auditing
• Basic Concepts of Auditing
• Evidence in Auditing.
• The nature of assessing services
• The chronology of an audit
• The postulates of auditing, Agency theory, Imported theories.

Computer Fraud and Control

• Definition of computer fraud
• Fraud opportunities
• Nature of computer fraud
• Opportunities in advanced technology
• Internet fraud
• Stopping the hackers
• What is predication and how does it work

Abilities of the IT Fraud Auditor

• Goals and objectives of the IT fraud auditor
• What makes a good IT auditor
• Finding the right auditor
• Progression of the fraud examination
• The auditor’s toolkit

    Computer in auditing:

• Approach to Computer Auditing
• Types of Computer Systems,
• Characteristics of a CIS Environment
• Internal Controls in a CIS Environment.
• Auditing in a CIS environment
• Risk assessments and internal control in a CIS environment.
• Standalone microcomputers.
• Online computer systems Data Base System
• Limitations of accounting and control systems
• Use of service organizations for computer facilities
• Systems development, Computers in audit management
• Computer Security issues in computerized systems.
• Organization and content of information
• Functional scope of accounting software’s
• Standards of design and choice of accounting software
• Governance and IT audit methodologies
• Concepts and principles of the COBIT methodology
• Audit of a file of accounting entries
• Approach to computer security

 Forming an auditing judgment:

• Overall review of financial statements.
• Opening balances, ISA 510 Comparatives.
• Other information in documents containing audited financial statements.
• Subsequent events. Contingencies,
• Going Concern.
• Management Responsibilities
• Communication of audit matters with those charged with governance.
• Completion of the audit.

 Management letters

• Management Letters.
• The contract of management letters.
• Procedures for assembling and submitting the management letter
• Points to note when drafting management letter possible reporting items.
• Management letters – examples of layout.

Audit Reporting

• Statutory requirement.
• The auditor’s report on financial statements

Way forward After the Training

Participants will develop a work plan through the help of facilitators that stipulates application of skills acquired in improving their organizations. ASPM will continuously monitor implementation progress after the training. 

Training Evaluation:

Participants will undertake a simple assessment before the training to gauge the participant’s knowledge & skills and another assessment will be done after the training in-order to monitor knowledge gained through the training