Course contents

The course is designed for staff with at least two years' audit experience, managers and partners. It explains the audit planning required under the International Standards on Auditing. The audutmn 2019 course will cover
Planning the audit

  • Audit ethics
  • Team discussions – the 4 things you must cover
  • Client discussions – the 6 things you must cover
  • The risk assessment
  • Related parties – have you identified all RPs?
  • Accounting estimates – addressing the uncertain areas
  • Internal controls – identifying and using them
  • How to document and evaluate the client’s systems and contols
  • Materiality – do you know the main types?
  • Latest guidance on materiality
  • How to set and keep to the audit budget
  • Audit strategy
  • Using analytical review
  • Do you fully understand the business?
  • The fraud risk (ISA 240) and what you must cover in planning
  • How to carry out the going concern review and subsequent events
  • How to review the file effectively and deal with audit errors
  • Communicating issues with the directors and the letter of representation
  • The audit report
  • Closedown documentation
  • Course type