Audit engagements – Review of the standards
What is the difference between the types of e-learning activities?
- A webinar is a live training activity which you must attend at the date and time indicated. You may access the training platform in your online file 7 days before the date of the webinar. We strongly recommend that you log in to the platform before the date of the webinar and follow the instructions in step 3 of your training path beforehand in order to test your computers’ configuration and prevent any connexion problems during your training activity.
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General objectiveDeveloped with the needs of professional accountants working in public practice in mind, this training activity provides a solid foundation in the practical application of the Canadian Auditing Standards (CAS) to audit engagements. The training activity reviews key CAS requirements including the new requirements in CAS 540 Accounting Estimates and Related Disclosures. Emphasis will be placed on areas identified as common pitfalls by CPA national practice inspection findings. Participants will also explore the key elements of documenting an engagement working paper file including planning, engagement execution and reporting. Using a case study approach, participants will develop a deeper understanding of how to apply the CAS to a set of client-specific facts. Participants will explore documentation alternatives and learn practical tools and techniques for planning, performing, concluding and documenting their audit engagements in an effective and efficient manner.
ObjectivesBy the end of this training activity, participants will be able to:
- identify common pitfall areas in audit engagements as noted by CPA national practice inspection findings;
- apply key CAS requirements appropriately to a set of client-specific case study facts;
- recognize key items to be documented in an audit engagement working paper file.
- Audit quality
- Communication with others
- Audit documentation
- Acceptance and overall audit strategy
- Internal control
- Risk assessment
- Audit procedures
- Conclusion and reporting
This training activity will benefit audit practitioners at all levels of experience who want to refresh their understanding of the CAS in order to apply the standards more effectively and efficiently.