The audit process
Understand the roles of audit and the auditor, and explores, in detail, the audit process and the regulatory standards that govern auditing.
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Course Type
E-learning
Length
3 - 5 hours
What you’ll achieve
- Gain a detailed overview of the auditing landscape, and examine the role of the auditor
- Explore some of the ethical requirements for auditors, potential threats to their independence, and how to manage them
- Understand audit engagement procedures and audit planning
- Examine the procedures for gathering audit evidence
- Gain an overview of the finalisation and completion stage of the audit.
About this course
To bridge the expectation gap in audit, this course looks at the roles of audit and the auditor, and explores, in detail, the audit process and the regulatory standards that govern auditing.
Overview
E-learning |
|
3 - 5 hours |
|
Auditing |
Syllabus
Introducing audit
- What is auditing?
- The auditor's job
- The expectation gap
- The importance of audit
- Advantages and disadvantages
- ISA ISA baby
- Ethical requirements
- Threats to auditor independence
- Corporate governance issues
Planning the audit
- Preparation
- Accepting a new engagement
- The outgoing auditors
- A letter of engagement
- Misstatements
- Materiality
- Identifying risk
- Understanding the entity
- Internal control systems
- Audit risk
Gathering audit evidence
- The gathering
- Obtaining audit evidence
- Intangible assets
- Auditing intangible assets
- Related parties
- Track and trace
- Auditing related parties
- Financial instruments
- Revenue
- Auditing tax
Finalising the audit
- Tying it all up
- Going concern
- Going concern assessments
- Auditing going concern
- Reporting on going concern
- Going back for more audit
- Auditing subsequent events
- Forming an audit opinion
- The emphasis of matter paragraph.
How to access
You will be directed to an external site to complete purchase and VAT will be applied at checkout.
