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CaseWare/Probe

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Pursuant to the Attorneys Act, an attorney needs to create a trust bank account for keeping clients monies. This trust account and its records should be audited and the auditors have to report in a specific format to the Law Society of South Africa, on specific issues of each registered attorney. Attorney�s accountants and auditors alike have to ensure that they have a working knowledge of the rules regarding the trust account to fulfil their respective duties. This session is aimed at providing delegates with theoretical knowledge on the rules surrounding the trust account. It also provides an overview of the duties of the auditor with regards to this account as well as a practical example of the working papers on CaseWare. Please note that this session is based on the current Attorneys Act. The Legal profession Act might bring about some changes, but until it is finalised the current Act is still law, and as such it is imperative that we comply. The CaseWare template will also be explained in this session.


Course Content:

What are the legislation applicable to attorneys What is a trust account and why do attorneys need one What is the attorneys fidelity fund and what is their function Different types of trust accounts o Section 78(1) General account o Section 78(2)(a) General investment account o Section 72(2A) Specific investment account What are the responsibilities of the attorney with regards to their trust fund What happens with bank charges and interest on the trust account How should the trust account be managed, including how and when transfers can be made The engagement process i.r.o. ISAE 3000 (revised) IRBA guide for registered auditors on engagements on attorneys trust accounts Working papers on CaseWare


Course Objective:

The objective of this course is to provide delegates with a basic understanding of attorneys trust accounts and the requirements relating to the managing of the trust account. Delegates will also be provided with an understanding of the requirements of ISAE 3000 (revised) as well as the IRBA guide. The CaseWare template will also be explained in this session.


Who Should Attend?

This session will be beneficial to any attorney, accountant for attorneys and auditors who perform engagements on attorneys trust accounts

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If COVID � 19 has taught us one thing, it is that it is never possible to plan for every eventuality. As such accounting estimates may change regularly and auditors should reassess their responses every year. ISA 540 has recently been revised. From enhanced understanding to documentation of controls over these estimates, the work effort of the auditor has slightly increased. CaseWare has responded to this by revising their audit documents to ensure compliance. Join us for this 2 hour webinar where we take you through the practical implications of the revised ISA 540 and completing the documents within CaseWare


Course Content:

Obtaining an understanding of the entity and its environment to identify estimates Obtain and document an understanding of the controls over these estimates Documenting the methods, assumptions and sources of data used in calculating estimates Identify estimation uncertainty and risk of material misstatement Inherent risk vs Control risk Retrospective review Identify management bias Perform procedures Outcomes after year end up to the date of the report Testing management assumptions Calculate an auditor�s point estimate Documenting these steps in CaseWare


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 2,760.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Yvonne Rossouw


Overview:

This course is intended to give auditors a good initial understanding of the Caseware 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 Caseware audit methodology


Course Content:

Day 1 Introduction to the fundamental principles contained in the auditing standards Firm settings Engagement evaluation Engagement letter Discussion with those charged with governance Discussions with management Gathering information Types and volumes of transactions Preliminary analytical review Overall materiality and performance materiality Risk analysis summary Inherent risk assessments Laws and regulation checklist Day 2 Control risk assessments Fraud risk assessments Control activities design and implementation Risk assessment at assertion level Controls over significant risks 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


Course Objective:

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, immateriality, risk assessments, the proper utilization of audit programmes and finalizing the audit. Understanding where the ISA's are applied in Caseware is an important part of everyday practice, which is dually noted throughout this course


Who Should Attend?

All users of Caseware audit methodology

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

CaseWare have moved Attorneys Trust Account [ATA] audits to the Cloud! The ATA template on CaseWare Working Papers is no longer being updated, and support will be withdrawn from next year. If you are - Not currently using the cloud-based ATA solution, called �ISAE Attestation,� or are, - In the process of transitioning thereto, we would like to help you, by taking you through the ISAE template and showing you the efficiencies that could be yours with Cloud.


Course Content:

CaseWare Cloud Session #2 is for those looking to explore, understand and intuitively navigate through the Attorneys Trust Account audit template called ISAE Attestation. If you are seeking � A basic introduction to ISAE Attestation template or � Have no previous experience with it or � Find that you struggle with technology or � Just want a preview of the Cloud-based solution for Attorney Trust audits, before buying a license / token, = then this session is for you! We will work through the following: - How to obtain access to the template - How to create a new trust audit engagement file - How to add staff members to the engagement - Exploring the documentation in each phase of the audit, planning, execution and finalisation - Understanding how to upload documents, e.g. signed engagement letter - Looking at how to collaborate with clients, to request documents or query information


Course Objective:


Who Should Attend?

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

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using CaseWare 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 CaseWare Probe 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 one will focus on the pre-engagement procedures regarding client acceptance, materiality and scoping.


Course Content:

The audit process CaseWare Methodology Starting a new engagement Accepting your client Ethical considerations Materiality The following documents will be addressed: 10.20 Engagement evaluation 10.21 Engagement letter 10.40 Time budget 10.60 Materiality calculation


Course Objective:


Who Should Attend?

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

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using CaseWare 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 CaseWare Probe 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 two will focus on obtaining an understanding of the entity and identifying the risk of error and fraud.


Course Content:

Preliminary analytical review Discussions with management Inherent risk identification Fraud risk identification The following documents will be addressed: 10.30 Discussions with those charged with governance 10.50 gathering information 10.51 Types and volumes of transactions 11.52 Preliminary analytical review 11.53 Understanding of accounting estimates 11.20 Inherent risk assessment 11.21 Laws and regulations 11.40 Fraud risk assessment


Course Objective:


Who Should Attend?

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

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using CaseWare 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 CaseWare Probe 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 three will focus on obtaining an understanding of the entity and specifically documenting internal controls. It will also look at finalising risk assessment.


Course Content:

Controls at entity level Controls at assertion level IT controls Controls over significant risks Assessing the risk at assertion level The following documents will be addressed: 11.30 � Control risk assessment design and implementation 11.31 � Control risk assessment testing controls 11.50 � Control activities design and implementation 11.61 � Controls over significant risks 11.60 � Risk assessment at assertion level 11.10 � Risk analysis summary


Course Objective:


Who Should Attend?

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

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using CaseWare 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 CaseWare Probe 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 planning procedures to address the risk and performing and documenting these procedures. We will also take a look at the audit program and how to ensure you planned enough work.


Course Content:

Audit strategy and audit plan Team meetings Audit programs Obtaining sufficient appropriate evidence The following documents will be addressed: 12.10 Manager planning checklist 12.20 Audit plan and strategy 12.30 planning memorandum Audit program layout and completion


Course Objective:


Who Should Attend?

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

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using CaseWare 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 CaseWare Probe 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 five will focus on the final documents of the audit file such as subsequent events and the evaluation of misstatements.


Course Content:

Going concern Subsequent events Final analytical review Evaluations of misstatements The following documents will be addressed: 02.20 Going Concern 02.10 Subsequent events 02.30 Final analytical review 02.40 Evaluation of Misstatements Checklists


Course Objective:


Who Should Attend?

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

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using CaseWare 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 CaseWare Probe 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 six will focus on the reporting elements during an audit.


Course Content:

Reporting to management on deficiencies Obtaining management rep letter Reporting NOCLAR and Reportable Irregularities Audit report The following documents will be addressed: o 02.50 Consideration of audit report o 02.55 Key audit matters o Audit report o 02.90 Report to management o 02.93 Representation letter


Course Objective:


Who Should Attend?

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

Individuals: R 2,760.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Yvonne Rossouw


Overview:

As trainees progress through their articles, so do their responsibilities. Unfortunately, they need direction every time they take up a new mantle, and as we know how difficult it is to find time to provide the necessary guidance in the busy audit environment, we have created specific training sessions with this in mind. This course explains how audits should be finalised in terms of the ISA�s. This course focuses on how to finalise the audit, ensuring that all the risks have been mitigated, all procedures performed and the audit opinion expressed is correct and supported by evidence. Delegates will be faced with a practical case study and will have to perform the finalisation for the audit engagement in compliance with the standards. This course explains how audits can be finalised effectively on CaseWare, using the software to improve audit efficiency while maintaining audit quality. This course is based on the amended reporting standards and includes all the changes to ISA 700, ISA 701, ISA 705.


Course Content:

The delegates will be provided with a case study including all the information necessary regarding the client to perform the finalisation section. They will then need to complete the audit using CaseWare. The following sections will be done: � Sampling Related parties o Identifying the related parties o Testing the transactions and balances o Testing the disclosure Litigation and claims o Identifying a possible contingent liability and commitments � Going concern o Evaluate the client plan o Audit the cash flow forecast � Subordination agreements and insolvencies Subsequent events o Identifying the subsequent events o Documenting the treatment o Assessing the impact on the financial statements Final/Overall analytical review External confirmations Evaluations of misstatements o Calculating Final Materiality o Evaluating individual material misstatements o Evaluating qualitative material misstatements o Assessing the effect of uncorrected misstatements Reporting to management on deficiencies in internal controls o Difference between deficiencies and significant deficiencies Obtaining written representations � Deciding on the type of opinion and setting up the audit report i.r.o. the new revised ISA 700 Including KAM�s into the report i.r.o. the new revised ISA 701 Reporting to IRBA i.r.o. Reportable irregularities. o What is a reportable irregularity o Practical exercise on identifying a reportable irregularity o How to report to IRBA Reporting non-compliance with laws and regulations in terms of the code of conduct o What is our responsibilities in an audit o If it is not an RI, should we still report?


Course Objective:

The completion stage of the audit is of crucial importance. It is during the completion stage that the auditor reviews the evidence obtained during the audit together with the final version of the financial statements, with the objective of forming the auditor's opinion. This course covers some of the key requirements that are relevant at the completion stage. The practical implications of these requirements are explained by way of a simulated case study. By the end of this course, delegates should be able to complete an audit engagement and ensure the audit opinion is correct and supported by the necessary evidence


Who Should Attend?

This training will be presented on an Intermediate level. Trainees with a degree performing finalisation responsibilities will benefit in attending.

Individuals: R 1,380.00 (Incl. VAT)

CPD Hours: 6.5 hrs

Presenter: Lynette Badenhorst


Overview:

What happens when your audit files are selected for review by IRBA? What can be done to avoid negative findings during an IRBA Inspection? These questions have no easy answers. However, it is not impossible to overcome. What makes the process challenging is the staggering number of Auditing Standard requirements that need to be adhered to. The key approach is to: Identify which of the findings repeatedly make their way onto the IRBA Public Inspection Report, and Establish why there are repeated infringements.


Course Content:

During this course we will also be covering all the inspection findings from the most recent IRBA report (2017) and common mistakes to avoid. Some of the most relevant topics I will discuss are the following: 7 Step plan to comply with the ethical and independence requirements during the engagement 10 Significant matters that must be discussed with management � All the procedures that must be performed during client acceptance e.g. pre-conditions, declaration by management, client integrity and money laundering considerations � How to determine the correct desired audit risk to avoid over-auditing later during the audit How to perform powerful preliminary analytical procedures Calculating the correct performance materiality amount to avoid over-auditing All the different risk assessments e.g.: o Audit risk o Inherent risk o Control risk o Fraud risk o Detection risk o Significant risk o Presumed risk o Business risk o Risk of material misstatement Overall responses to risk at financial statement level Responses to significant risks at assertion level What the auditors responsibility is regarding internal controls e.g.: o When are controls relevant to the audit? o Design and testing of implementation (walk-through procedures) o Controls over significant risks General mistakes and issues noted on working papers relating to improper documentation Subsequent events Going concern Written representations Final materiality Evaluation of misstatements Final analytical review Making changes after lock down Audit report Reporting in terms of section 45 (RI) and NOCLAR. Specific attention will be given to the following high-risk areas: Testing of revenue and when to rebut or not 7 Step plan to test journals Estimates Related parties and transactions outside the normal course of business Sample sizes (test of control and substantive sampling)


Course Objective:

The aim of this course is to ensure that you have everything that is necessary in your audit file for it to comply with the Auditing Standards and to avoid inspection findings. Firms using the CaseWare Audit Methodology will be shown where in the software all the requirements are to be documented.


Who Should Attend?

This training will be presented at an advanced level and all seniors, Managers and Partners that form part of the review process will benefit

Individuals: R 2,760.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Yvonne Rossouw


Overview:

As trainees progress through their articles, so do their responsibilities. Unfortunately they need direction every time they take up a new mantle, and as we know how difficult it is to find time to provide the necessary guidance in the busy audit environment, we have created specific training sessions with this in mind. This course explains how audits should be planned to be performed effectively in terms of the ISAs. This course focuses on how to plan an audit, including assessing risk and how to obtain and document your understanding of the clients business and controls. Delegates will be faced with a practical case study and will have to perform the planning for the audit engagement in compliance with the standards. This course explains how audits can be planned and performed effectively on Caseware audit methodology , using the software to improve audit efficiency while maintaining audit quality.


Course Content:

The delegates will be provided with a case study including all the information necessary regarding the client to perform the planning section. They will then need to perform the following planning sections: Engagement continuance procedures o Identifying the risk of the engagement o Identifying ethical dilemmas o Whether pre-conditions are met o Should the engagement be accepted Assessing the engagement letter Obtaining an understanding of the entity through discussions with those charged with governance, including fraud questionairres. Identifying the Financial Statement Areas to be audited and the relevant information regarding these engagement Performing risk assessment o At Financial statements level o At Assertion level for every FSA Documenting system descriptions and performing walkthroughs Documenting the audit plan Documenting all of the above in the Caseware audit methodology software


Course Objective:

After attending this course delegates will have a thorough understanding of the following: Identifying the overall risk in accepting the engagement Drafting an appropriate engagement letter for a new engagement Obtaining an understanding of the entity and its environment and documenting this information in the appropriate format Obtaining an understanding of the ISAs information system and control activities Evaluating and documenting the risk of material misstatement at an overall financial statement level Understanding the concept of desired audit risk Evaluating and documenting the risk of material misstatement at the account balance level by assertion Evaluating and documenting the risk of fraud Identifying and documenting the significant risks that could result in material misstatement Identifying and documenting the factors that affect planning materiality and performance materiality Calculating and documenting a justifiable level of planning and performance materiality Identifying and documenting appropriate tests of internal controls, significant risk responses, required procedures, extended analytical procedures, extended tests of detail and sampling.


Who Should Attend?

This training will be presented on an intermediate level. Trainees with a degree, who will be involved in the planning of the audit and who needs an in-depth knowledge of the planning process using Caseware audit methodology should attend.

Individuals: R 345.00 (Incl. VAT)

CPD Hours: 1 hrs

Presenter: Tristan White


Overview:

Do you have one-hour to spare? Join us as we take a crash course look into tagging your clients� Annual Financial Statements (AFS) in XBRL using CaseWare Working Papers. Before we get hands on with the XBRL-tagging-simulation of a set of AFS, this session will also address the proposed Draft Companies Amendment Bill issued in September 2018 which now affects all companies and their Annual Return + AFS submission, whether audited or not. XBRL is now in full swing, are you ready to solve all your company / clients� XBRL tagging needs? Let us help you with this basic yet hands on course.


Course Content:

We will attempt to answer the following questions: o Who is NOW affected by the XBRL requirement, based on the Draft Companies Amendment Bill of 2018? o How do I actually tag my (or my client�s) AFS using CaseWare?


Course Objective:

Get rid of any uncertainty with respect to XBRL tagging. Empower you to be able to service your clients� XBRL tagging needs. Help clients meet their CIPC Annual Return deadline.


Who Should Attend?

Compilers / preparers of financial statements which will later be audited. Company / Close Corporation owners Other individuals who file their clients� annual returns. Auditors and accountants who need to provide feedback to clients.

Individuals: R 1,380.00 (Incl. VAT)

CPD Hours: 6.5 hrs

Presenter: Yvonne Rossouw


Overview:

Whether testing controls for operating effectiveness or the detail to substantiate account balances, a major part of an audit includes selecting items for testing.The Caseware audit methodology has specific templates to assist the auditor in selecting items for testing and to document the findings of these tests. ProBeta has developed a one day session which explains the methodology of selecting items and the documentation thereof.


Course Content:

The course content includes the following: - Principles of sampling and applying the Caseware audit methodology to sampling - ISA 530: Audit sampling - Different types of sampling - Selecting items for control tests - Selecting items for substantive tests (detail tests).


Course Objective:

By completing this practical course, delegates would be able to: - Select items for testing the operating effectiveness of control activities, using the Caseware audit methodology - Select items for testing the detail of account balances and transactions using the Caseware audit methodology - Conclude on the results of audit procedures from items selected in terms of the Caseware audit methodology


Who Should Attend?

Partners, managers and trainees of accounting and auditing firms.

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2.5 hrs

Presenter: Lynette Badenhorst


Overview:

The IRBA Inspection findings consistently highlights issues related to internal control risk assessments, including the work performed to understand internal controls, identify significant risks and to consider and respond to information technology (IT) risks. Consideration of internal control is an area where auditors often find it difficult to comply. Auditors need to remember that some work on internal controls needs to be performed and documented on every audit file even if a fully substantive audit approach is adopted.


Course Content:

During this webinar the following important principles relating to internal controls will be discussed: Why is work on internal control necessary when auditors take a substantive approach? Which controls do auditors need to understand? What are the five interrelated components of internal controls that must be addressed by the auditor during all audits? Direct controls versus indirect controls Work effort for understanding each of the components of internal control When are controls relevant to the audit What is meant by controls over significant risks Deficiencies in internal controls Key issues for smaller entities What is the meaning of �testing design and implementation How many items must be selected for testing New requirements for assessing control risk at less than maximum Discussion of finding as indicated in the IRBA inspection reports Please note: The information covered in this webinar will be based on the newly released ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement (ED-315)


Course Objective:


Who Should Attend?

Any person responsible for the audit of financial statements e.g. engagement partners, team members assisting on the audit engagement, Engagement Quality Control Reviewers as well as anyone who is responsible for reviewing audit files.

Make Booking Instructions

Please click here for a video instruction on how to register Click Here.

Online Courses

The ProBeta Online Learner Management System specialises in delivering high-quality cost-effective online video training that includes a wide range of Accounting, Auditing and Tax topics.

The ProBeta Online Learner Management System is particularly suited for those candidates who cannot spare regular time in a classroom workshop. You can listen to our recorded webinars and learning sessions whenever you want, wherever you want. There is no time limit, you can move at your own pace.

If you're not sure what you want to register for, it might be a good idea to browse our course categories or subjects to determine where your interests lie. All that you have to do once you've found a session that you are interested in, is to register for the specific on-line session by clicking on Make Booking and select the "Online Booking" and follow the steps provided on the screen.

At the end of each lesson, we provide multiple choice and interactive tests in order for you to assess the knowledge you have obtained as you progress.

Your success is our priority!

For any enquiries please contact us at info@probetatraining.co.za or 011 886 1395.