Virtual Training Course
The auditor’s responsibility towards Internal control
>> Click here to book this training as an In-House course <<
This Course is not part of the MUS Subscriber discount structure.
Price: | R1035.00 (VAT Incl.) Per Person |
Presenter: | Ms Yvonne Rossouw |
Date: | 5 Apr '22 |
Times: | Registration:08H00 Start:08H30 End:13H00 |
Duration: | 1/2 Day |
CPD Hours: | Attendance at this seminar will secure 4.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
Platform: | Web Based (Online) |
Course Facilitator: |
Yvonne Rossouw
T: 011-886-1395 E: nerissa@probetatraining.co.za |
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Internal controls are the only thing that can prevent errors or fraud in financial statements. Do we sufficiently address them during an audit?
The purpose of this course is to take delegates through the audit process and to discuss in detail every requirement that is listed in the auditing standards that relates to internal controls. From obtaining an understanding, to testing and reporting on deficiencies, controls are of the utmost importance in an audit.
This course offers a comprehensive review of the auditor’s obligation toward internal controls, from the requirements listed in the international standards on auditing through to the real-world issues faced during external audits. Furthermore this course will cover the documentation requirements relating to an audit engagement, including the elements to be included in the working papers.
• What are controls and when will a control be relevant to the audit?
• Responsibility of management regarding controls
• Responsibility of the auditor regarding controls
• Why do we implement internal controls?
• ISA 250 - Controls in place to ensure they comply with laws and regulations
• ISA 265 - Communicating deficiencies and significant deficiencies in controls to TGWG
• ISA 315 - Identifying and assessing the risk of material misstatement through understanding the entity and its environment
• Documenting controls relevant to the audit and the responsibility for system descriptions
• Evaluating the design and implementation of controls
• Nature, timing and extent of test of controls relevant to the audit
• Sampling on test of controls
• Key audit matters.
Investment managers
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
Engagement Quality Control Reviewers