Master the Audit of Provisions & Contingencies
Auditing provisions, contingent liabilities, and contingent assets is a high-risk area often underestimated by auditors. These estimates involve significant management judgment, uncertainty, and complexity—making them prone to material misstatement.
This course provides a clear, practical approach to identifying and responding to the audit risks related to these areas. You’ll gain tools to challenge assumptions, apply appropriate audit procedures, and avoid common pitfalls, ensuring your audit work meets professional standards.
You’ll cover:
- Audit planning for provisions and contingencies
- Effective audit procedures and testing methods
- Key considerations during audit finalisation
- Common errors and how to prevent them
Designed for audit professionals at all levels, this training ensures you can apply sound judgment and deliver high-quality audit outcomes. Upon completion, you'll receive a verifiable LEAF Bronze 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.
Quests Curriculum
- 5 Levelss
- Coaching By LEAF
- Communities Support
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Levels 01 Introduction
Mission(s) included in this level: 1. Welcome & Introduction
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Levels 02 Audit Planning
Mission(s) included in this level: 2. Planning Considerations
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Levels 03 Audit Fieldwork
Mission(s) included in this level: 3. Provisions, 4. Contingencies
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Levels 04 Finalisation
Mission(s) included in this level: 5. Finalisation
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Levels 05 Common Errors
Mission(s) included in this level: 6. Common Errors
Success Stories
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Kwame N., Audit Supervisor Helped Me Navigate a Tricky Audit Area
"This course simplified a highly judgmental area. I used what I learned on a recent audit involving complex provisions—made a real difference to the quality of our work."
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Zanele M., Senior Auditor Exactly What I Needed to Build Confidence
"The examples and walkthroughs were clear and relatable. I now feel far more confident in identifying risks and challenging assumptions around contingencies."
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Liam R., Audit Associate A Must for Every Auditor Working on Estimates
"I used to avoid the provisions section of the file—now it’s where I feel strongest. The course gave me practical tools that I can apply immediately."
