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4 - AAU - Accounting and Financial Auditing

AAU 220 - Audit and Assurance

Code Start Date Duration Venue
AAU 220 12 August 2024 5 Days Istanbul Registration Form Link
AAU 220 16 September 2024 5 Days Istanbul Registration Form Link
AAU 220 21 October 2024 5 Days Istanbul Registration Form Link
AAU 220 25 November 2024 5 Days Istanbul Registration Form Link
AAU 220 30 December 2024 5 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

The course is designed to equip the participants with the ability to analyse, evaluate and conclude on the assurance engagement and other audit and assurance issues in the context of best practice and current developments. The course comprises of components that include the legal and regulatory environment and its impact on audit and assurance practice; working effectively on an engagement within a professional and ethical framework; appropriate quality control policies and procedures in practice management and the acceptance and retention of professional appointments; the work required to meet the objectives of audit assignments; evaluating the findings and the results of work performed and drafting suitable reports on assignments; the work required to meet the objectives of non-audit assignments and the current issues and lastly, developments relating to the provision of audit-related and assurance services.

Course Overview

  • Explain why external audits and other types of assurance services are conducted
  • Discuss the duties of auditors and other assurance providers and how these have changed over time
  • Explain the meaning of concepts that are fundamental to auditing and assurance services
  • Describe the processes involved in auditing and other assurance services
  • Discuss the form, content and importance of the reports provided at the end of the audit or assurance service
  • Discuss the issue of legal liability arising from audits and other assurance services

Who Should Attend?

  • Senior accountants
  • Auditors
  • Professionals interested in international auditing standards

Course Details/Schedule

Day 1

  • Audit framework and regulation
  • The concept of audit and other assurance engagements
  • External audits
  • Corporate governance
  • Planning and risk assessment
  • Obtaining, accepting, and continuing audit engagements
  • Objective and general principles
  • Assessing audit risks
  • Understanding the entity, its environment, and the applicable financial reporting framework
  • Fraud, laws, and regulation
  • Audit planning and documentation

Day 2

  • Internal control
  • Internal control systems
  • The use and evaluation of systems of internal control by auditors
  • Tests of controls
  • Communication on internal control
  • Internal audit and governance and the differences between external audit and internal audit
  • The scope of the internal audit function, outsourcing, and internal audit assignments

Day 3

  • Audit evidence
  • Assertions and audit evidence
  • Audit procedures
  • Audit sampling and other means of testing
  • The audit of specific items
  • Automated tools and techniques
  • The work of others
  • Not-for-profit organisations

Day 4

  • Review and reporting
  • Subsequent events
  • Going concern
  • Written representations
  • Audit finalisation and the final review
  • The Independent Auditor's Report

Day 5

  • Employability and technology skills
  • Use computer technology to efficiently access and manipulate relevant information
  • Work on relevant response options, using available functions and technology as would be required in the workplace
  • Navigate windows and computer screens to create and amend responses to exam requirements, using the appropriate tools
  • Present data and information effectively, using the appropriate tools