[We're working to add the prerequisite for 'Audit and Assurance -II' as soon as possible.]

[We're working to add the motivation for 'Audit and Assurance -II' as soon as possible.]

i) To give exposures to students regarding International Standards on Auditing issued by the International Federation of Accountants. (ii) To give elementary ideas about “Statistical Audit” and “EDP Audit”. (iii) To introduce non-statutory special types of audit (iv)To give exposure regarding audits of certain special institutions.

[We're working to add the outcomes for 'Audit and Assurance -II' as soon as possible.]

1. International Standards on Auditing: a) Introduction to the International Federation of Accountants - ICAB and the IFAC. b) Objectives and Basic Principles Governing an Audit (ISA#1) and Going Concern. Concern (ISA#23). c) Approach to an Audit: Auditing Engagement Letter. (ISA#2). Planning. (ISA#4). First year Audit Engagement, (ISA#28), Risk Assessment and Internal Control, (ISA#6), Knowledge of Business. (ISA#30). d) Auditing Procedures and Related Concepts: Control of the Quality of Audit Work (ISA#7). - Audit Evidence (ISA#8). - Documentation (ISA#9). Materiality & Audit Risk (ISA#25). - Frauds & Errors ((ISA#11). Using the work of an Internal Auditor (ISA#10). -Using the work of an Expert (ISA#18). Analytical Procedures. ((ISA#12). e) Special Situation Audit: Auditing in an EDP Environment (ISA#15). Computer Assisted Audit Techniques (ISA#16). - Audit Sampling (ISA#19). - Other information in Documents (ISA#14). Auditing Accounting Estimates (ISA#26). - Prospective Financial Information. (ISA#27). f) Audit Reports: The Auditor‘s Report on Financial Statements (ISA#13). - Events after the Balance Sheet date (ISA#21). - Representation by Management (ISA#22). - Special Purpose Audit Report. (ISA#24). 2. Management Audit and Internal Audit: a)Definitions of Management Auditing and Management Audit: Development of Operational/Management Auditing - Structure of a Management Audit-Scope of Management Audit Steps in Management Audit-Need of Management Audit - Qualities of Management Auditor - Functions of Management Auditor-Determining the Standards of performance - Mechanism of Management Audit. b) Definition of Internal Audit: Objectives of Internal Auditing - Basic Principles of Internal Auditing - Functions of Internal Auditor - Advantages of Internal Auditing - Qualifications of Internal Auditors - Contrast of Internal Auditing and External Auditing. 3. Cost Audit: History of Cost Audit - Reasons for introducing Cost Audit - Definition of Cost Audit - Objectives of Cost Audit: General objectives - Social Objectives – Cost Audit vs. Financial Audit - Cost Audit and propriety Audit - Cost records - Cost Auditor - Appointment of Cost Auditor- Code of Ethics for Cost Auditor- penal provision for Cost Auditor - Commencement of Cost Audit - Programming of Cost Audit – Stages of Cost Audit – Areas of Cost Audit – Cost Audit Report- Cost Accounting Standards issued by the US Cost Accounting Standard Board- Cost Audit Bangladesh. 4. Government Audit: Institutional Framework of Government Audit - Nature and Objectives of Government Audit - Audit Code of Government of Bangladesh - Duties and Powers of Comptroller & Auditor General - Functions of Audit – Conditions for incurring capital and revenue expenditure - Communication of sanction to Audit - Audit against Regularity - Audit against propriety - Objects of audit of expenditure - Audit of Grants and Aids - Local Audit -Appropriation Audit - Audit Manual. 5. Joint Audits, Multiplication Audits and Dormant Company Audit: Joint Audits - Responsibilities of Joint Auditors - Audit arrangements - Multi-location audit - General Approach - Risk Factor - Strategy options - Full Audit - Restricted Audit - Local audit work - other auditors - Audit report - Dormant companies - Audit approach. 6. Audit of Limited Companies: Qualifications, Appointment, & Remuneration of Auditors - Auditors appointed on behalf of different classes of Shareholders-Auditor‘s powers, duties and rights-Status of an Auditor - Preliminaries to be gone through before the actual work begins - Inspection of books, documents, etc Auditor‘s Reports - List of officers - Audit of Share Capital - Auditors duties relating to shares issued at a premium and at a discount - Shares issued for consideration other than cash - Bonus shares-share forfeiture - Share transfer - Issue and Redemption of Debenture - Interest paid out of capital - Loans to and from Directors - Dividend payments - Reorganization of capital. Audit of Private Limited Companies - Audit of Holding Companies and their Subsidiaries - Audit of Group of Companies. 7. Audit of Insurance Companies: Legal provisions relevant to audit of insurance business-Form and contents of Balance Sheet - Content of Profit and Loss Account - Form and contents of Revenue Account - Special aspects of audit of insurance business - Audit at divisional level - Audit at head office level - Provisions of Companies Act 1994 relating to liabilities and penalties of auditors. 8. Audit of Banks: Legislation relevant to audit of banks - Special provisions governing nationalized banks - Special provisions governing ―Grameen Banks‖ - Special Provisions Governing co-operative banks - Approach to bank audit - Review of Internal Control in a bank - Audit of Balance sheet and Profit & Loss Account items - Long - term audit report in case of a bank - Provisions & Reserves - Secret Reserves. 9. Audit of Public Sector Undertakings: Special Features of audit of public sector undertakings - Audit of departmental commercial undertakings - Audit of Statutory corporations. 10. Audit of Partnership Accounts: Procedure to be followed by a newly appointed auditor of a partnership - Audit on behalf of different classes of partners. 11. Divisible Profits: What are Profits - Difficulties in the Determination of Profits-Who are affected if profits are not correctly determined - Consequences of incorrect valuation of Profits - Provisions relating to dividends - Whether Capital Profits are available for Dividends Whether all the surplus made by a company engaged in working a wasting asset is available for Dividends - Whether the loss of fixed assets must be made good before the distribution of the surplus - Whether profits made prior to incorporation are available for dividend - Loss prior to incorporation. 12. Liabilities of Professional Accountants: Nature of liabilities of professional accountants - Liability of an auditor appointed by a private concern-liability of an auditor under the Companies Act-Liabilities under Income Tax Ordinance - Civil Liability of an auditor - Criminal Liability of an auditor - Liability of an auditor to third parties - Liabilities of an Honorary auditor - Oral appointments - Local auditors - Liability of an auditor for libel.

[We're working to add the references for 'Audit and Assurance -II' as soon as possible.]