This unit aims to develop knowledge and skills of the audit process and
the assurance function in providing independent objective opinion that
assures shareholders. Its content is informed to an extent by the
curriculum of the ACCA’s paper F8 as those who are successful in this
unit will be eligible for exemption. Audit is a process within an
organization for the purposes of introducing, monitoring the
effectiveness of, and updating control systems. In earlier times, 30
years ago, these control systems were directed towards maintaining the
integrity of costing and financial data records, necessary for the
compilation of the Annual Report and Accounts. The process of
independent scrutiny of financial systems and information on behalf of
shareholders is termed external audit.
- Teacher: Daw Khin Khin Saw