Course Overview
Audit and Assurance Services Course provides participants with a comprehensive understanding of audit and assurance services. It covers the fundamental principles, methodologies, and tools used in auditing and assurance, equipping participants with the skills necessary to conduct effective audits and provide reliable assurance services. The course includes practical exercises, case studies, and real-world examples to ensure participants can apply their learning effectively.
Course Duration
5 Days
Who Should Attend
- Internal and external auditors
- Audit managers and supervisors
- Finance and accounting professionals
- Risk management officers
- Compliance officers
- Professionals preparing for certification exams in auditing
- Individuals seeking to enhance their knowledge in audit and assurance services
Course Objectives
By the end of this course, participants will:
- Understand the principles and standards of audit and assurance services.
- Conduct thorough and effective audits using recognized methodologies.
- Evaluate internal controls and assess risks within an organization.
- Provide reliable assurance services and reports.
- Identify and address potential fraud and irregularities.
- Communicate audit findings and recommendations effectively.
- Utilize auditing software and tools for enhanced efficiency.
Course Outline:
Module 1: Introduction to Audit and Assurance
- Overview of audit and assurance services
- Types of audits (internal, external, financial, operational, compliance)
- Key principles and standards (IFRS, GAAS, ISA)
- Role and responsibilities of auditors
Module 2: Audit Planning and Risk Assessment
- Audit planning process
- Understanding the entity and its environment
- Risk assessment and materiality
- Designing audit strategies and procedures
Module 3: Internal Controls and Audit Evidence
- Evaluating internal controls
- Testing internal controls for effectiveness
- Gathering and evaluating audit evidence
- Analytical procedures and substantive testing
Module 4: Fraud Detection and Assurance Services
- Understanding and identifying fraud
- Fraud risk factors and red flags
- Conducting fraud investigations
- Providing assurance services (e.g., reviews, compilations, agreed-upon procedures)
Module 5: Reporting and Communication
- Drafting audit reports
- Communicating findings and recommendations
- Addressing management and governance concerns
- Using audit software and tools
