University of Gondar

Department of Accounting and Finance

Course outline

Instructor: Derbew Kenubeh (PhD), email: k.derbew@yahoo.com

Course: Advanced Auditing
Lecturer hours – 48 hours
Course level – PG-extension

Course Description: Advanced Auditing course is designed to enhance understanding of the

concept of audit and internal Control and types of audits including IT audit, Administrative
Controls, Physical and Logical Security, Input, Processing Controls, Output Controls, and
Disaster Recovery Planning.

1. General understanding of auditing

1.1. Definition of auditing
1.2. Levels of assurance
1.3. Fundamental principles underlying an audit
1.4. Ethical principles
1.5. Demand for assurance
1.6. Expectation gap
2. Types of audits including IT Auditing
2.1. Financial statement audit
2.2. Operational/Performance audit
2.3. Compliance audit
2.4. Internal audit
2.5. Comprehensive audit
2.6. Forensic audit
2.7. IT audit
2.8. Generally Accepted Auditing Standards
3. Ethics and legal liability of auditors
4. Audit risk
4.1. Financial report assertions and objectives
4.2. Audit evidence
4.3. Common audit procedures
4.4. Sufficient and appropriate audit evidence
4.5. Audit risk model and assess control risk in EDP systems
4.6. Business risk and materiality
4.7. Types of audit tests
5. Audit planning
5.1. Audit process
5.2. Analytical procedures
6. Internal control
 6.1. Administrative controls
6.2. Physical and logical security
6.3. Input, process and output controls
7. Disaster recovery planning

Teaching & Learning Methods/strategy

The teaching and learning methodology include lecturing, discussions, case analysis and article review
with presentations.

Evaluation

Article review and group presentation ----------------30%

Case analysis and presentation (group) .……………...25%
Final exam ---------------------------------------------------- 45%
References
 Arens, Elder and Beasley, Auditing and Assurance services: An Integrated Approach,
14th Ed, 2012
 Meigs et al Principles of Auditing, 10th ed.
 Hayes, Dassen, Schilder & Wallage, Principles of Auditing, 2 nd ed. 2005

NB: If a student does not take one part of the evaluation, he/she will score incomplete final grade.