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.
Web Based (Online)
TRISTAN DAVID-CREWE WHITE
tristan@probetatraining.co.za
An audit engagement on a body corporate is a unique and highly risky endeavour as the engagement does not only focus on auditing the financial statements but also consists of some legal compliance audit aspects.
Trainees may have had limited to exposure to these unique engagements and may not be aware of all the special considerations that affect their fieldwork.
Our goal is to focus on the execution phase of the audit engagement of a body corporate, as we look to discuss the key aspects of the business financial statements audit and the compliance side of the audit too.
Discuss the key aspects of the execution / fieldwork phase of the audit of a body corporate’s financial statements, including the considerations necessary for the compliance audit, namely:
- ISA 330 (Revised) required audit response to assessed risks and material / significant classes of transactions
account balances and disclosures (SCOTABD)
- The accounting rules from Prescribed Management Rule 21, 24 and 26, clarifying how to audit for
compliance
- Key other areas of risk and fraud testing requirements from ISA 240
- STSM Regulation 2 Reserve Fund minimum transfer amount testing
- Income tax calculation testing considerations
Auditors
First year SAICA Trainees
Second year SAICA trainees
Third year SAICA trainees
Fourth year SAICA trainees
Fifth year SAICA trainees
