It is essential for auditors to understand the complexities of taxation and the impact taxation has on financial reporting. In practice, clients are not always as knowledgeable about taxation requirements as auditors, and as a result, auditors may simply recalculate tax balances without adequately addressing the underlying audit risks.
The auditor’s responsibility goes beyond recalculation. Auditors are required to perform audit procedures in response to identified risks of material misstatement, verify compliance with relevant tax laws and regulations, and obtain sufficient and appropriate audit evidence to support transactions and balances.
This course provides a practical understanding of the audit risks associated with taxation and the procedures auditors can perform to address those risks effectively. The training focuses on applying audit procedures in a way that reduces audit risk to an acceptable level while improving the quality and reliability of audit evidence obtained.
During the course, you will explore:
- Current taxation
- Deferred taxation
- Value-added taxation (VAT)
- Common errors and practical considerations
By the end of this course, you will have a clearer understanding of taxation-related audit risks, how taxation impacts financial reporting, and how to apply appropriate audit procedures in practice.
Upon completion of this quest, you will receive a verifiable LEAF Bronze CPD Certificate, recognising your professional development and technical competence.
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 Current Tax and Deferred Tax
Mission(s) included in this level: 2. Planning Considerations, 3. Procedures – Deferred Tax, 4. Procedures – Current Tax
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Levels 03 VAT
Mission(s) included in this level: 5. VAT
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Levels 04 Common Errors
Mission(s) included in this level: 6. Common Errors
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Levels 05 Final Quiz
Pass the Final Quiz with at least 80 % to complete the quest and receive a a verifiable LEAF Bronze CPD Certificate upon completion.
Success Stories
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David M. Audit Senior
"This course helped me move beyond simply recalculating tax balances and focus on the actual audit risks involved."
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Michael T. Assurance Professional
"A very practical course that improved my understanding of taxation from an audit perspective."
