Audit - All the Bits you Used to Know
This popular course will provide a file reviewer’s perspective of all the things that have to be done when completing an SME audit and where audit documentation often goes wrong
Description
Effective compliance with auditing standards is a challenge for many firms but very important in view of the increasingly tough approach adopted by ICAEW and ACCA inspectors. This popular course will provide a file reviewer’s perspective of all the things that have to be done when completing an SME audit and where audit documentation often goes wrong. Topics covered will include:
- Key do’s and don’ts when identifying risks and setting materiality at the planning stage
- Considerations for determining an effective approach
- How to approach audit sampling and what to avoid
- Key audit tests – how to perform and document them efficiently and effectively
- How to approach the going concern and subsequent events reviews
- Common issues on audit cold file reviews and how to prevent them happening