Auditing and Assurance Training

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • July-29-2024

    Kuala Lumpur

  • Aug-26-2024

    Kuala Lumpur

  • Sep-30-2024

    Kuala Lumpur

  • Oct-28-2024

    Kuala Lumpur

  • Nov-25-2024

    Kuala Lumpur

  • Dec-30-2024

    Kuala Lumpur

Dates in Other Venues

  • July-22-2024

    Istanbul

  • July-22-2024

    Paris

  • July-29-2024

    Singapore

  • Aug-05-2024

    Paris

  • Aug-05-2024

    Singapore

  • Aug-12-2024

    Barcelona

  • Aug-12-2024

    Dubai

  • Aug-19-2024

    London

  • Aug-19-2024

    Amsterdam

  • Aug-26-2024

    Istanbul

  • Sep-02-2024

    Paris

  • Sep-02-2024

    Singapore

  • Sep-09-2024

    Dubai

  • Sep-09-2024

    Barcelona

  • Sep-16-2024

    Amsterdam

  • Sep-16-2024

    London

  • Sep-23-2024

    Paris

  • Sep-23-2024

    Istanbul

  • Sep-30-2024

    Singapore

  • Oct-07-2024

    Singapore

  • Oct-07-2024

    Paris

  • Oct-14-2024

    Dubai

  • Oct-14-2024

    Barcelona

  • Oct-21-2024

    Amsterdam

  • Oct-21-2024

    London

  • Oct-28-2024

    Istanbul

  • Nov-04-2024

    Paris

  • Nov-04-2024

    Singapore

  • Nov-11-2024

    Barcelona

  • Nov-11-2024

    Dubai

  • Nov-18-2024

    London

  • Nov-18-2024

    Amsterdam

  • Nov-25-2024

    Istanbul

  • Dec-02-2024

    Paris

  • Dec-02-2024

    Singapore

  • Dec-09-2024

    Dubai

  • Dec-09-2024

    Barcelona

  • Dec-16-2024

    Amsterdam

  • Dec-16-2024

    London

  • Dec-23-2024

    Paris

  • Dec-23-2024

    Istanbul

  • Dec-30-2024

    Singapore

Course Details

Course Outline

5 days course

 

The Auditing Profession

 

  • The concept of accountability
  • Economic demand for auditing
  • Auditing as a monitoring device
  • The historical development of auditing practices.
  • The demand for auditing and other assurance services
  • The CPA profession
  • Audit reports
  • Professional ethics
  • Legal liability

 

The Audit Process

 

  • Audit responsibilities and objectives
  • Audit evidence
  • Audit planning and materiality
  • Assessing the risk of material misstatement
  • Assessing and responding to fraud risks
  • Internal control and COSO framework
  • Assessing control risk and reporting on internal controls
  • Overall audit strategy and audit programme

 

Application of the Audit Process to the Sales and Collection Cycle

 

  • Tests of controls and substantive tests of transactions
  • Audit sampling for tests of controls and substantive tests of tests of transactions
  • Completing the tests in the sales and collection cycle: accounts receivable
  • Audit sampling for tests of details of balances

 

Application of the Audit Process to other Cycles

 

  • Audit of the acquisition and payment cycle: tests of controls, substantive tests of transactions, and accounts payable
  • Completing the tests in the acquisition and payment cycle: verification of selected accounts
  • Audit of the payroll and personnel cycle
  • Audit of the inventory and warehousing cycle
  • Audit of the capital acquisition and repayment cycle
  • Audit of cash and financial instruments

 

Completing the Audit

 

  • Perform additional tests for presentation and disclosure
  • Review for contingent liabilities and commitments
  • Review for subsequent events
  • Final evidence accumulation
  • Evaluate results
  • Issue the audit report
  • Communicate with the audit committee and management
  • Subsequent discovery of facts

Course Video