ADVANCED AUDITING AND ASSURANCE

This course is designed to equip candidates with the knowledge, skills, and attitudes necessary to undertake advanced audit and assurance engagements in compliance with regulatory frameworks and International Standards on Auditing (ISAs). Through this course, candidates will develop a deep understanding of advanced auditing techniques and principles, preparing them to handle complex audit assignments and ensure adherence to professional and ethical standards.

Learning Outcomes

Upon successful completion of this course, candidates will be able to:

• Recognise the Regulatory, Professional, and Ethical Issues Relevant to Those Carrying Out an Assurance Engagement: Identify and address the key regulatory, professional, and ethical considerations in audit and assurance engagements.
• Assess and Recommend Appropriate Quality Control Policies and Procedures in Practice Management: Evaluate and suggest effective quality control measures to enhance audit practice management.
• Evaluate Findings and Results of Work Performed and Draft Suitable Audit Reports on Assignments: Analyze audit findings and prepare comprehensive audit reports based on the results of the audit work performed.
• Draft Different Types of Audit Opinions Based on Audit Evidence Gathered During an Audit: Formulate and present various audit opinions that reflect the audit evidence and findings accurately.
• Draft Engagement Letters for Audit and Non-Audit Services That Fall Under International Standards on Auditing and Ensure Compliance with the Relevant Legal Regulations: Prepare engagement letters that meet the requirements of ISAs and comply with applicable legal standards.
• Incorporate Emerging Developments in the Conduct of an Audit: Adapt to and integrate new trends and advancements in the field of auditing to enhance audit quality and effectiveness.

Course Content Overview

• Regulatory, Professional, and Ethical Issues in Audit and Assurance
• Quality Control in Audit Practice Management
• Evaluation of Audit Findings and Reporting
• Formulating Audit Opinions
• Engagement Letters and Compliance with ISAs
• Emerging Trends in Audit and Assurance

This course is ideal for individuals aiming to advance their expertise in audit and assurance. It is particularly suitable for experienced auditors, audit managers, and professionals involved in conducting complex audit engagements. By the end of this course, candidates will be well-prepared to manage advanced audit assignments with proficiency and uphold the highest standards of audit practice.