Assurance
On completion of this module students will be able to:
- Explain the concept of assurance, why assurance is required and the reasons for assurance engagements being carried out by appropriately qualified professionals.
- Explain the nature of internal controls and why they are important, document an organisation's internal controls and identify weaknesses in internal control systems.
- Select sufficient and appropriate methods of obtaining assurance evidence and recognise when conclusions can be drawn from evidence obtained or where issues need to be referred to a senior colleague.
- Understand the importance of ethical behaviour to a professional and explain issues relating to integrity, objectivity, conflicts of loyalty, confidentiality and independence.
Syllabus weightings
- The concept, process and need for assurance - 20%
- Internal controls - 25%
- Gathering evidence on an assurance engagement - 35%
- Professional ethics - 20%