This course covers Auditing Standard: ISA 330 The Auditor’s Responses to Assessed Risks.
How an auditor responds to assessed risks is very important to the overall effectiveness and efficiency of the audit.
This course covers the differences between financial report level audit responses and specific assertion level responses. It also covers each of the two different types of assertion level audit responses – tests of controls, and substantive procedures including substantive analytical procedures and substantive tests of details, and when it is appropriate to use each of these audit responses based on the audit risk assessments.
This one hour online course forms part of the FastClass short course suite.
This course is designed for public practitioners auditors working in SMEs who audit small businesses and not for profit entities.