Enhance your career:

This video will explain how you can achieve that, Click here to watch

Draftworx

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using Draftworx 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 Draftworx RAC 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 Draftworx Methodology Starting a new engagement Accepting your client Ethical considerations Materiality � Scoping The following documents will be addressed: o 10.00 Engagement acceptance and continuance o 10.02 Audit Firms Independence o 10.03 Individual team member independence declaration o 10.04 Accounting Framework o 10.05 Competencies and Independence evaluation of Engagement team o 10.10 Planning Materiality o 10.15 Audit type selection o 10.20 Identification of audit sections o 10.25 Engagement setup signoff o 10.30 Audit Engagement 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 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using Draftworx 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 Draftworx RAC 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: o 11.05 Opening balances - new engagements o 11.10 Opening balances - continuing engagement" o 11.20 Review of prior year audit report and management report o 11.25 Preliminary Analytical o 12.10 Understanding the nature of the entity o 12.25 Laws and Regulations o 12.30 Review Discussion of Minutes of management meetings o 12.15 Fraud discussion of Those charged with governance o 12.60 Common fraud risk o 12.70 ISA 240 considerations


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 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using Draftworx 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 Draftworx RAC 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.


Course Content:

Controls at entity level Controls at assertion level IT controls The following documents will be addressed: o 12.20 Agenda for discussions with those charged with governance o 12.40 Entity level controls o 12.45 General IT controls o 12.35 Reliance on Internal audit o System descriptions o 12.95 Risk identification signoff o 11.15 Engagement team discussion agenda documentation o 12.05 Overall audit strategy


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 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using Draftworx 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 Draftworx RAC 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 the assessment of risks and the audit plan to respond to these risks. We will also take a look at the audit program and how to ensure you planned enough work.


Course Content:

Fraud risk assessment Business risk assessment Significant risks Audit programs The following documents will be addressed: o 15.05 Fraud RAC o 16.05 Business RAC o 17.05 Audit Plan o 18.00 Planning Signoff o 18.05 Revised Materiality


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 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using Draftworx 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 Draftworx RAC 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 The following documents will be addressed: o 03.15 Going Concern o 03.20 Subsequent events o 02.15 Final analytical review o 02.05 Materiality summary o 02.10 Schedule of Identified Misstatements o 05.05 Overall Partner Evaluation o 06.05 Audit signoff control sheet o 01.05 Engagement Partner responsibility checklist o 04.05 Matters for follow-up on the next audit


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 552.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If you are using Draftworx 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 Draftworx RAC 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:


Course Objective:

Reporting to management on deficiencies Obtaining management rep letter Reporting NOCLAR and Reportable Irregularities Audit report The following documents will be addressed: o 03.10 Other Information in AFS o 03.25 Reportable irregularities o 03.30 Laws and Regulations o 06.40 Management report template o 03.35 Key Audit Matters o 06.45 Management Rep Letter o 03.05 Final Fraud Impact o 01.00 Withdrawal from engagement o 07.00 EQCR


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 1,495.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Tristan White


Overview:

Finalising an audit file is more than just a signature. Before the audit report can be signed, an audit file must be finalised and the evidence obtained reviewed to ensure the proper opinion is being expressed. The auditor may also have other reporting obligations that needs to be considered. Ensure your team members know how to assess whether or not enough evidence was obtained to substantiate your opinion and avoid practical pitfalls and deficiencies. This course focuses on finalising an audit file in Draftworx and ensuring compliance with the standards and increasing audit quality


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 Draftworx. 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?

Third year SAICA trainees Fourth year SAICA trainees Fifth year SAICA trainees Audit mangers Audit partners Auditors

Individuals: R 1,495.00 (Incl. VAT)

CPD Hours: 13 hrs

Presenter: Tristan White


Overview:

Audit is not like a box of chocolates, planning is key. A majority of the IRBA audit findings are on the planning section of an audit file, which indicates a lack of understanding of the documentation requirements. Incorrect planning can also lead to over or under auditing. Ensure that your team members understand the importance of planning and know exactly what is required on the audit file to ensure that the audit is performed effectively and efficiently. This course explains how audits can be planned and performed effectively on Draftworx, 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 � Calculating the overall and performance materiality for the engagement � Performing risk assessment o At Financial statements level o At Assertion level for every FSA � Documenting system descriptions and performing walkthroughs � Deciding on an audit strategy � Documenting the audit plan � Documenting all of the above in the Draftworx 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 entity�s 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. Please note: This course is based on a practical case study


Who Should Attend?

Auditors Second year SAICA trainees Third year SAICA trainees Audit mangers Audit partners

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

XBR Are your clients asking you as the auditor / accountant what XBRL / iXBRL is, and you are left tongue-tied? The Companies Amendment bill will make submission of financial statements using XBRL compulsory to all companies as part of their annual return submission. Are you ready? Join us for a quick start guide on the implications of this XBRL requirement from the CIPC.


Course Content:

Our upcoming webinar will focus on the following aspects: What is XBRL? Who is affected by the XBRL requirement? What is now required of my entity? Where did this requirement come from? How can I use DraftWorx to help me submit my financials in XBRL format?


Course Objective:


Who Should Attend?

This will be a basic training session aimed at Company / Close Corporation owners Other individuals who file their clients annual returns. Compilers / prepares of financial statements Auditors, accountants and consultants who need to provide feedback to clients.

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.