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.
This course consists of one hard copy learning manual and one online assessment.
Want to know more? Click below to view a sample of the learning manual:
This learning manual is designed for public practitioners and auditors working in SMEs who audit small businesses and not for profit entities (e.g. sports clubs, associations, companies limited by guarantee, aged care facilities, groups and small organisations)
This learning manual fulfils the compulsory component within the CPA Australia competency requirements for SMSF Auditors, which consists of 30 hours CPD every three years.
This training must include: