Use your audit software correctly to ensure an effective and effecient audit of high quality.
One of the most cited root causes for audit deficiencies is insufficient knowledge of the audit software used. With technology improving at a rapid rate, it can either enhance the audit, or prove to be a headache if employees are not competent to use the tools.
CaseWare can ensure that your audit file is complete and compliant with the standards, but if not used properly, there can be deficiencies in your file.
This course will explain the planning and finalisation documents in CaseWare, how to complete them and how they interact to build your auditfile.
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During this course we will focus on the following areas:
• Pre-engagement planning
o Identifying the risk of the engagement
o Identifying ethical dilemmas
o Whether pre-conditions are met
o Should the engagement be accepted
• Calculating the overall and performance materiality for the engagement
• Performing risk assessment procedures and identifying and assessing risk
o At Financial statements level
o At Assertion level for every FSA
• Completing the audit planning documentation and the effect on the rest of the audit file
• Finalising the audit with a specific look at
o Subsequent events
o Going concern issues
o Reporting to management
o Reporting to IRBA
o Audit report
Auditors
First year SAICA Trainees
Second year SAICA trainees
Third year SAICA trainees
Fourth year SAICA trainees
Fifth year SAICA trainees
Audit mangers
Audit partners
Engagement Quality Control Reviewers
Delegates must have the following available on the course day:
a) Delegates must have their own computers with the latest version of CaseWare and CaseWare Working Papers (Version 2023.00.056 (release 2)
already loaded
b) Stable internet Connection (Wi-Fi or 3G) with sufficient data for the two days
c) Headset (microphone, speakers) for each delegate
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.
