Available Course
Planning the audit engagement based on CaseWare Audit International `
>> Click here to book this training as an In-House course <<
| Duration: | 2 Days |
| CPD Hours: | Attendance at this seminar will secure 13 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
| Course Facilitator: |
Yvonne Rossouw
T: 0118861395 E: nerissa@probetatraining.co.za |
| Back | |
An audit is not like a box of chocolates, planning is key.
A majority of the IRBA audit findings are on the planning section of an audit file, which indicates a lack of understanding of the documentation requirements. Incorrect planning can also lead to over or under-auditing.
Ensure that your team members understand the importance of planning and know exactly what is required on the audit file to ensure that the audit is performed effectively and efficiently.
This course explains how audits can be planned and performed effectively on CaseWare Audit International, using the software to improve audit efficiency while maintaining audit quality.
The delegates will be provided with a case study including all the information necessary regarding the client to perform the planning section. They will then need to perform the following planning sections:
• Engagement continuance procedures
o Identifying the risk of the engagement
o Identifying ethical dilemmas
o Whether pre-conditions are met
o Should the engagement be accepted
• Assessing the engagement letter
• Obtaining an understanding of the entity through discussions with those charged with governance, including fraud questionnaires.
• Identifying the Financial Statement Areas to be audited and the relevant information regarding these
• Calculating the overall and performance materiality for the engagement
• Performing risk assessment
o At the Financial statements level
o At the Assertion level for every FSA
• Documenting system descriptions and performing walkthroughs
• Deciding on an audit strategy
• Documenting the audit plan
• Documenting all of the above in the CaseWare Audit International Software
Auditors
Audit managers
Audit partners
None
None