By the end of this session you should be able to:

  • describe the objective of an external audit and the role of the external auditor
  • describe the duties of the directors and auditors
  • describe the rights of the auditors
  • identify the benefits and disadvantages of an external audit and the process of the external audit
  • describe the contents of the audit report and its significance
  • identify the different types of audit report

and answer questions relating to these areas.