Available Course

Basic Audit Principles

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Duration: 1 Day
CPD Hours: Attendance at this seminar will secure 6.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Course Facilitator: Lynette Badenhorst
T:  011-886-1395
E:  nerissasingh250874@gmail.com

The aim of this basic auditing course is to explain to first year audit trainees the basic audit principles that they must apply during audit engagements

Concept of professional scepticism Rules for applying professional judgement Documentation requirements – the experienced auditor rule The 5 assertions for transactions The 5 assertions for balance sheet items Direction of testing for each assertion Risk assessment at assertion level linked to sample sizes How items are selected for testing Example of audit procedures to perform for each assertion Selection of sample sizes for each assertion How to use performance materiality during the audit Auditing journal entries 10 Step audit plan

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 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.