Junior Auditor 2: Accounts Receivable and Payable
|CPD Hours:||Attendance at this seminar will secure 13 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
Our goal is to improve your trainees’ grasp of the concept of auditing, by not only simplifying the various auditing principles but also making auditing practical by performing an-assertion based audit simulation of the line items typically faced by a junior auditor This is a two-day course focused on assisting junior trainees in an audit environment. Less experienced trainees with very little background / auditing knowledge will benefit from this course by going back to basics on the auditing principles relating to: - Where to start as a new auditor – asking for a trial balance, schedules, supporting doc’s - Explaining the audit process, i.e. pre-engagement, execution, finalisation - Simplifying how assertions work - Explanation of audit procedures, i.e. reperformance, inspection, observation, recalculation etc. - Testing a control VS Testing for detail VS Analytical procedures VS External confirmation - What needs to be documented - How materiality and risk affect an audit
Our goal is to improve your trainees’ grasp of the concept of auditing, by not only simplifying the various auditing principles but also making auditing practical by performing an-assertion based audit simulation of the line items typically faced by a junior auditor
This session will unpack various fundamental auditing principles and specifically simulate the audit of the following line items: o Accounts Receivable o Accounts Payables
o Junior trainees already studying towards a degree or CTA, or otherwise, those who have already acquired their degree or CTA. o Trainee accountants who may have a gap in their pool of audit knowledge o Trainees that are part of the new intake and have very little auditing background
o A computer / laptop with Microsoft Excel installed, o PDF viewing software, a stable internet connection, audio equipment in the form of headphones or otherwise a built-in speaker and lastly a microphone (optional).