|CPD Hours:||Attendance at this seminar will secure 13 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
This course is intended to give auditors a good initial understanding of the Audit International methodology as well as the International Standards on Auditing. In particular it will cover: All the requirements contained in the International Standards on Auditing The Audit international audit methodology
The main focus of this course is the planning and finalisation of the audit, ensuring that delegates understand all the considerations affecting the audit plan and that they get the opportunity to plan an audit thoroughly through a practical case study. The course also covers other important aspects such as sampling, materiality, risk assessments, the proper utilisation of audit programmes and finalising the audit. Understanding where the ISA's are applied in Audit International is an important part of everyday practice, which is duly noted throughout this course
The course will include but is not limited to: Introduction to the fundamental principles contained in the auditing standards Engagement acceptance Engagement letter Obtaining an understanding through discussions Identifying the material line items for testing Preliminary analytical review Overall materiality and performance materiality Introduction to risk assessment Inherent risk assessments Control risk assessments Fraud risk assessments System descriptions and identification of controls Risk assessment at assertion level Substantive sampling Attribute sampling Subsequent events Going concern Evaluation of misstatements Reporting deficiencies and significant deficiencies to management Management representations Consideration of audit report Discussions with client
All users of Audit International audit methodology
Delegates must bring their own computers with Audit International template already loaded. All software must be fully licensed. All other material and stationery will be provided.