International Auditing Standards exist to bring the quality of auditing to its highest level wherever the audit is performed.
This course studies all the extant International Auditing Standards, explains the terminology and logic for their existence in organizations.
Guidance is given on how the standards may be applied in practice.
If you are at all involved in the audit process then you need to be aware of what best practice is and how to apply it in organization’s career.
Course Objective
- Understand the need for consistent high standards.
- Be aware of international practice development.
- Improve audit planning.
- Know why standards exist.
- Understand the logic behind standards.
- Understand what the "jargon" means.
- Learn how to apply the standards.
- Be able to identify cases of non-application.
- Improve report writing.
- How to conclude the audit.
OUTLINE:
Day1: Introduction
- Assurance Engagements
- Framework of International Standers Organization.
- Objective and General Principles Governing an Audit of Financial Statements
- Terms of Audit Engagements
- Quality Control for Audit Work
Day2: Documentation and audit files
- Documentation
- The Auditor's Responsibility to Consider Fraud and Error in an Audit of organizations departments (Quality Assurance)
- Fraud and Error
- Consideration of Laws and Regulations in an Audit of Financial Statements
- Communications of Audit Matters with Those Charged with Authority
- Management Representations
- Using the Work of another Auditor
- Considering the Work of Internal Auditing
- Using the Work of an Expert
Day3: Audit Planning
- Planning
- Knowledge of the Business
- Audit Materiality
- Risk Assessments and Internal Control
- Auditing in a Computer Information Systems Environment
- Audit Considerations Relating to Entities Using Service Organizations
- Audit of Occupational Health and Safety.
- Audit of quality control and quality assurance.
Day 4: Audit Evidence
- Audit Evidence
- Audit Evidence-Additional
by
Golden Masters for Training & Consultancy
Duration