Audit Engagements: Review of the Standards

Audit Engagements: Review of the Standards
Distance Learning (DL) courses are sessions that have been recorded from live, in-person offerings and made available as on-demand videos online, along with any corresponding course materials. Note these are purely self-study products and there will be no access to instructors for questions and answers. Each title qualifies for verifiable CPD hours upon successful completion of a quiz at the end of the session. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this, you will no longer have access to the quiz.




NOTE: Course login details are normally sent to registrants within one week from date of registration.

DL22230061

Recorded: August 2021

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Developed with the needs of professional accountants working in public practice in mind, this seminar provides a solid foundation in the practical application of the Canadian Auditing Standards (CAS) to audit engagements. Participants are given an opportunity to build on their understanding of the standards, with an emphasis on areas identified as common pitfalls in national practice inspection findings. Using a case study approach, participants practice applying the standards to a set of client-specific facts. The case study is based on the audit of a moderately complex for-profit private company. Participants will also explore the key elements of documenting an engagement working paper file including, planning, engagement execution, and reporting.

Note: This course reviews key CAS requirements that are effective for periods ending on or after December 31, 2021.  Revised CAS 315 is effective for periods beginning on or after December 31, 2021 and has not been included in the course material.

By the end of this course, participants will be able to:

  • Identify common pitfall areas in audit engagements as noted by national practice inspection findings
  • Demonstrate the application of key CAS requirements using a set of case study facts
  • Recognize key items to be documented in an audit engagement working paper file 

LEARNING OBJECTIVES
By the end of this course, participants will be able to:

  • Identify common pitfall areas in audit engagements as noted by national practice inspection findings
  • Demonstrate the application of key CAS requirements using a set of case study facts
  • Recognize key items to be documented in an audit engagement working paper file

CONTENT

  • Introduction
  • Audit Quality
  • Communication with Others
  • Audit Documentation
  • Acceptance and Overall Audit Strategy
  • Internal Control
  • Risk Assessment
  • Audit Procedures
  • Conclusion and Reporting
  • Wrap Up

WHO WILL BENEFIT
Audit practitioners at all levels of experience, who want to refresh their understanding of the Canadian Auditing Standards and explore applying the standards in a more effective and efficient manner.

PREREQUISITE
Audit practitioners at all levels of experience, who want to refresh their understanding

of the Canadian Auditing Standards and explore applying the standards in a more

effective and efficient manner.

CPD-14 Hours

When
4/1/2022 - 3/31/2023 11:59 PM
Where
On-demand