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.
