Certificate in Shariah Audit in the Light of AAOIFI Auditing Standards

Module 1 - Audit definitions

• Assurance
• Attestation
• Auditing- Shariah Auditing
• Audit Standard Setters

Module 2 - Role of Auditors 

• Why Does Assurance Exist
• Who Pays the Auditor and Why
• Materiality
• Shariah Materiality
• Scope

Module 3 – Types of Audit 

Module 4 – Audit Risk Types and Shariah Risk  

Module 5 - Audit Process and Planning   

Module 6 – Shariah Governance Framework   

• Governance standard No. (1) – Shariah supervisory board- old module 4 part 1
• Governance standard No. (5) – Independence of Shariah supervisory board- old module 4 part 4
• Governance standard No. (4) – Audit and governance committee - old module 4 part 2

Module 7 – Shariah Review  

• Governance standard No. (2) - Shari’a Review
• Governance standard No. (3)- Internal Shari’a Review

Module 8 – External Shariah Review    

• Auditing standard No. (6) - External Shari’ah Audit (Independent Assurance Engagement on an Islamic Financial Institution’s Compliance with Shari’ah Principles and Rules)

Module 9 – Audit Report 

Auditing standard No. (2) - Auditor’s Report

Module 10 – Shariah Audit Ethics  

• Qualities of an auditor
• AAOIFI Ethics Standards