Gazette No. 2506 - PDF page 68

Extracted page text

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PART  I :  SEC.  (IIA) – GAZETTE OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA – 11.09.2026
3204
d)	 Auditing
	
i.	 Auditing
•	 Business Environment 
	 Different types of business organizations and their objectives; external environment influencing business 
organizations. 
•	 Good Governance, Risk and Compliance
	 Risks influencing the achievement of the objectives of a business organization, internal and external business 
environmental risk, basic elements of a risk management framework, risk minimization strategies, institutional 
good governance, representation issues and the requirement of audit. 
•	 Business Procedures and Internal Control 
	 Prime business procedures of an organization, internal control, objectives of the controls, five elements of 
internal control, general control over information technology and software control, limitations of internal 
control. 
•	 Responsibility of Certification and Related Services
	 Certification, responsibility of limited certification and responsibility of justifiable certification, fundamentals 
of certification responsibility, acceptance of responsibility/auditing 
•	 Process of Auditing
	 Audit risk, certification of financial statements, common principles of controlling the audit of financial 
statements, identification of the entity and its environment, risk assessment, inspection of controls and 
independent procedures, risk of frauds, materiality, and documentation
•	 Audit Evidence
	 Audit Evidence, audit procedures applicable to collecting audit evidence, selection of items for audit test checks
•	 Audit Report
	 Evaluation of the impact of material misstatements, unmodified audit report, modified audit report, emphasis of 
matters.
•	 Ethical requirements impacting the audit of financial statements
	 Acknowledgment of the client and acceptance of the service; the risks faced by a professional auditor in 
complying with preliminary ethics
•	 Quality of Auditing
	 Fundamentals of quality control system, quality control requirements needed in financial statement auditing.
(Duration 03 hours-100 Marks. This question paper consists of essay-type questions)
e)	
 Knowledge of Information and Communication Technology
	
In this section, the applicant’s creative skills in information and communication technology management, resolving 
information technology issues, information technology project management skills, and system analysis for the given 
topics/themes, planning and software development skills will be evaluated.
	
All questions should be answered.
 	
(Duration 2 hours, 100 Marks) 
f)	
Aptitude test on Information and Communication Technology   Management 
	
This question paper has been designed to evaluate the aptitude of the applicant towards information and communication 
technology management with the use of knowledge of software development, installation and maintenance, with the 
new trends in the field of information and communication technology.
	
All questions should be answered.
	
(Duration: 2 hours, 100 Marks)
09-92