AU2 - Advanced External Auditing
This course offers in-depth coverage of the concepts and procedures of external auditing and other assurance engagement. Topics include the professional, legal, and ethical environment of analysing and assessing risk factors, planning and performing engagement, interpreting and documenting results. AU2 helps to develop competencies related to evaluating and advising on accounting policies and procedures, in accordance with professional standards, through tasks such as evaluating and reporting on internal controls systems; ; computer-assisted auditing techniques; substantive testing and evidence. AU2 also covers audits for special circumstances such as consolidated financial statements, not-for-profit and public sector audits, and introduces the changes that the auditing profession is facing and the reasons for these changes.