Course Recording

Auditing Revenue, Journals and Related party transactions

Recording Link
Firm/Group/Company - R2185.00 (VAT Incl.)
Individuals - R402.50 (VAT Incl.)
Recording Link
Price (MLU Subscriber):
Firm/Group/Company - R1638.75 (VAT Incl.)
Individuals - R301.88 (VAT Incl.)
Presenter: Ms Lynette Badenhorst
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 3 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.
Platform: Web Based (Online)
Course Facilitator: Lynette Badenhorst
T:  0118861395
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The aim of this session is to explain to delegates the audit procedures to perform on certain selected topics in order to avoid negative IRBA inspection findings. According to the latest inspection report that was recently issued by IRBA auditors are still receiving many finding on the topics listed below: • Significant accounting and auditing estimates and judgements • Revenue • Related parties • Transactions outside the normal course of business • Journals

Revenue • Completeness of revenue • Direction of testing • Source documents or source data from which samples are to be selected • Assessing the completeness and accuracy of the population • The rebuttal of the presumed fraud risk in revenue recognition • Performing analytical procedures Related parties and transactions outside the normal course of business • Risk relating to fraud risk in related parties • Management override of controls • Loans to/from related parties • Audit procedures to perform to address related parties • Completeness of related parties • Related party transactions outside the normal course of business were not considered or deemed significant risks • Engagement team discussions

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers