If you are using Draftworx to perform your audit engagements, then this series is for you! From first time users to those who just need a refresher, these 6 sessions will take you through the audit process within Draftworx RAC and explain how to complete working papers and how the methodology works. We will also tie each working paper to their Auditing Standard to ensure the users understand the requirements.
Session four will focus on the assessment of risks and the audit plan to respond to these risks. We will also take a look at the audit program and how to ensure you planned enough work.
• Fraud risk assessment
• Business risk assessment
• Significant risks
• Audit programs
• The following documents will be addressed:
o 15.05 Fraud RAC
o 16.05 Business RAC
o 17.05 Audit Plan
o 18.00 Planning Signoff
o 18.05 Revised Materiality
Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, and Audit partners
