This simulated audit workshop will teach trainees how to compile an electronic audit working paper file on Word and Excel. Delegates are provided the opportunity to conduct the audit procedures for a range of financial statement items. After completing the workshop delegates will be able to complete the audit procedures for smaller audit engagements on their own with limited assistance using Word and Excel and assist on bigger engagements with a high level understanding of the audit procedures. Inclusive of the course, the trainees will learn how to approach clients, how to work as a team, an element of assertiveness, time management, etc. The course includes continuous formative assessments of attendees understanding, as well as role-plays and constant challenges. Excel and Word will be used during the simulation for the preparation of working papers.

Day1 Introduction to the fundamental principles of auditing Working paper preparation and best practices Cross-referencing and indexing of working papers Preparing for the interview with the client Interviewing the client and discerning relevant information to document knowledge of the business Determining performance materiality Auditing property, plant and equipment and investment property. Day2 Auditing investments Auditing inventories (focusing on the stock counts) and cost of sales Day3 Auditing trade and other payables Auditing provisions. Auditing long-term liabilities (including instalment sale agreements and bonds) Day4 Auditing the revenue cycle Auditing trade and other receivables. Day5 Auditing cash and cash equivalents Auditing the income statement (analytical review) VAT reconciliation Finalisation and summary of course.

First year trainee accountants who already have: B.Com or similar degree; and Basic Microsoft Word, Excel and Windows skills.

Delegates must bring their own computers with CaseWare 2018 working papers already loaded. All software must be fully licensed. All other material and stationery will be provided. Please note: If earlier versions are loaded then some of the functions in might not work.

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Registration: 08H00 Strat:08H30 End:16H00