Updated in September 2019, this course uses case studies to focus on audits of financial statements with respect to smaller entity issues.
This course covers financial statement audits of historical information for entities such as companies
limited by guarantee, incorporated associations, aged care facilities, groups and small organisations.
These audits often face different risks due to the size of the finance team and perceived lack of controls. Consequently there is specific focus on how the audit methodology should be scaled and adapted to ensure the auditor meets their obligations as well as the requirements of the auditing standards, in this specific scenario of a smaller entity.
With a strong practical focus, this manual compliments the Small Entities Audit Manual (SEAM). This course will assist audit and assurance practitioners in the performance of the audit of small entities.
Key topics:
- Audit overview
- Audit methodology
- Phases of the audit: acceptance and continuance
- Phases of the audit: planning
- Phases of the audit: performing and reviewing
- Phases of the audit: evaluate, report and wrap-up
- Case studies focusing on smaller entity issues to consolidate the learning topics covered
This course consists of one interactive online course, including a downloadable PDF learning manual and one multiple-choice online assessment.
