Overview:
When the fieldwork phase of an audit is completed, there are several crucial steps to follow to finalise the audit file and ensure that there is sufficient appropriate audit evidence to support conclusions reached and the audit report to be issued. It is very important to consider and draw appropriate conclusions on subsequent events, going concern and unadjusted misstatements. Reporting control deficiencies to those charged with governance does not always receive adequate attention. Non-compliance identified is not always appropriately considered and reported to the relevant parties. Missing or incorrectly performing some of the audit completion steps may result in an inappropriate audit report.
This training will give participants an understanding of the audit completion procedures and related documentation.
Content and outline:
To explain the following concepts and demonstrate their practical application:
• Subsequent events
• Going concern
• Final analytical review
• Non-compliance with laws and regulations
• Unadjusted misstatements
• Control deficiencies and reporting to management and/or those charged with governance
• Concluding
• Audit report
Certification:
Upon completion of the training, participants will receive a verifiable attendance certificate.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quest Curriculum
- 5 Levels
- Coaching By LEAF
- Community Support
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Level 01 Introduction
Mission(s) in this level: 1. Welcome & Introduction
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Level 02 Key Audit Completion Steps
Mission(s) in this level: 2. Key audit completion steps
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Level 03 Non-compliance & Comm with those Charged
Mission(s) in this level: 3. Non-compliance, 4. Those Charged with Governance
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Level 04 Concluding and Reporting
Mission(s) in this level: 5. Concluding, 6. Modifications, 7. Audit Report
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Level 05 Final Quiz
Pass the final quiz with a minimum of 80 % to complete the course.