Audit Engagements

Strengthen quality in audit engagements by understanding current CAS hot topics, typical challenges faced in meeting requirements with guidance how to address them efficiently (2.0 CPD).

Identify and implement the requirements of auditing accounting estimates and related disclosures in an effective and efficient manner (1.0 CPD).

Assessing, evaluating, documenting and reporting on going concern under Revised CAS 570.

Planning and performing group audits, including component materiality and communication requirements.

Appreciating responsibilities of the partner in performing quality audits along with understanding involvement of the EQR.

Determining procedures to perform and conclude on initial balances and comparative figures in initial engagements.

Procedures for completeness, existence, accuracy and valuation of inventory, including inventory count procedures

Understanding and determining key audit matters and meeting the requirements of communicating and reporting (1.0 hours).

Determining and following the process for sending and concluding on external confirmations, including both positive and negative confirmations. 

Understand and implement the requirements of identifying and assessing the risk of material misstatement to perform effective and efficient audit engagements (1.5 CPD).

Identify and implement the requirements of understanding, selecting and testing journal entries in an effective and efficient manner (1.5 CPD).

Apply CAS 402 requirements and understand, assess and respond to use of a service organization in an audit, including understanding SOC Reports (2.0 hours)