Auditing Standards 5: Execution– Laws/Reg’s+Confirmations+Initial Audits+ Analyt.Proc’s+Sampling
|CPD Hours:||Attendance at this seminar will secure 3 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
ProBeta Training presents a refresher webinar-series on the International Standard on Auditing or ISA to familiarise you with all pertinent elements directly from the standard. The approach to the webinar-series is to split the standards into the relevant phase of the audit, spending several weeks on each phase i.e. • Pre-engagement planning • Execution; and • Finalisation The series will run over 8 weeks, and each weekly-webinar will attempt to: • simplify the relevant standards, • highlight key elements and • provide action points from each standard to ensure that you conduct each audit in accordance with the International Standard on Auditing (ISA). Session 5 will focus on: o ISA 250: Laws and regulations o ISA 505: External confirmations o ISA 510: Initial audit engagement o ISA 520: Analytical procedures o ISA 530: Audit sampling
Fundamentally the session will focus on execution and the considerations thereto, with the view to: • Simplifying the relevant standards, • Highlighting key elements and • Providing action points
Concepts that will form part of the session, which form the foundation of execution are: • Consideration of laws and regulations • Enquiries regarding litigation and claims • External confirmations • Initial engagements - opening balance considerations • Compulsory use of analytical procedures • Considering reliability of analytical procedures • Audit sampling
The following individuals will benefit from attending this course: • Audit trainees • Audit firm owners
Delegates must have their own computers with strong internet connections. All other material and stationery will be provided.