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 can 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
This course consists of one online course, including a downloadable PDF learning manual and one multiple-choice online assessment.