International Audit
Revised and up to date for 2024/25. This course provides a detailed overview of international auditing. It will enable you to discover the latest updates in the area, and the key points to remember when obtaining auditing evidence, finalising audits and compiling auditor's reports.
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This course will enable you to
- Stay up to date with the latest changes to International Standards on Auditing (ISAs)
- Familiarise yourself with the substantive procedures and tests of control involved in obtaining audit evidence
- Explore the complexities of auditing intangible assets, cash flow statements, and construction contract accounting
- Define the key steps involved when finalising an audit
- Feel confident about the required reporting aspects of the audit engagement, including the audit opinion
About the course
Auditing is a complex but crucial area for many organisations. With confidence in audit diminishing in many jurisdictions due to some recent high-profile scandals, it is increasingly important that a high-quality audit is carried out.
This course will keep you up to date on all the key changes in international auditing and the associated standards. Familiarise yourself with the procedures involved in obtaining auditing evidence, the key things to remember when finalising audits and issues that should be considered when delivery an opinion in the auditor’s report.
Look inside
Contents
- Recent changes to international auditing
- The recent changes to ISAs
- ISA 315 (Revised) Identifying and Assessing the Risks of Material Misstatement
- What the auditor needs to do
- Risk assessment
- ISA 220 (Revised) Quality Management for an Audit of Financial Statements
- Engagement partner responsibilities
- Review requirements
- ISA 540 (Revised) Auditing Accounting Estimates and Related Disclosures
- How successful are the changes to the ISAs
- Spectrum of inherent risk
- Controls and scepticism
- Disclosures and communication
- ISQM 1 Quality Management for Firms that Perform Audits
- Monitoring
- ISQM 2 Engagement Quality Reviews
- The complexities of auditing
- Audit evidence
- Gathering evidence
- Test of controls
- Substantive procedures
- Six methods for generating evidence
- Financial statement assertions
- Comfort letters for receivables
- Construction contract accounting
- Intangible assets and audit risks
- Auditing cash flow statements
- The common complexitites
- Audit finalisation
- Evaluating misstatements
- Reporting on key audit matters
- The finalisation stage
- The completion phase and going concern
- Reporting on irregularities and fraud
- Dealing with disagreements
- Reporting issues in auditing
- The unqualified audit opinion
- A qualified opinion
- When to use qualified audit opinions
- Types of qualified opinions
- Emphasis of Matter (EOM) paragraphs
- EOM paragraphs
- How to use an EOM paragraph
- Reporting on other information
How it works
Author
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| Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
| Access period | 120 days | 120 days | 12 months | 12+ months |
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| Exclusive news and CPD every week plus monthly webinars, all year round | ||||
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