Audit Procedures & Working Papers - Practical Training

COURSE OVERVIEW

Part of your job as a staff associate in an auditing firm is to document your findings in working papers. Working papers summarize your audit actions, such as planning the audit. Schedules show what steps you take to reach a conclusion. For example, to support your conclusion that cash is correctly stated on the balance sheet, you may prepare a schedule showing all bank reconciliations affirming that they reconcile without discrepancy to the balance sheet.

This course provides participants with practical knowledge of preparing audit working papers while understanding the auditing procedures to test the financial information presented or disclosed on the financial statements.

LEARNING OBJECTIVES

  1. An understanding of the term “audit”
  2. Understand the stages of the audit
  3. Understand the different accounting frameworks (e.g. ASPE, IFRS) and impact on audit
  4. Understand the concept of materiality in audit
  5. Understand the importance of audit risk
  6. Understand the financial statement assertions
  7. Understand the concept of professional scepticism
  8. Understand the difference between substantive testing and test of controls
  9. Understand the different type of substantive procedures i.e. test of details vs. Analytical procedures
  10. Understand the types of test of details
  11. Understand commonly used procedures to test financial statement line items and assertions
  12. Understand the auditors role in detection of fraud
  13. Understand preparation of the working papers in the audit file
  14. Understanding the strategies of interviewing the client

OUR COURSE OUTLINE:

  1. Overview of the Financial Statement Audit
  2. Discussion of different stages in audit and your involvement as an associate
  3. Execution phase of the audit and practice of real-life situations

FREQUENTLY ASKED QUESTIONS

WHATS MAKES HTKCONSULTING DIFFERENT?

Our Audit Procedures & Working Papers course goes beyond just teaching students on how to perform audit procedures and compile working papers. We have used our extensive background in audit to design real life case simulations, which our students will have an opportunity to go through in our class. Therefore, by taking our class, students get hands-on experience based on what they will see in the real world.

We are big believers in excellent customer service, at the end of every class we provide resume tips and allow a student to re-attend this class free of charge! We are also more than happy to help answer any questions you may have as you practice our cases at home.

WHAT ARE THE QUALIFICATIONS OF THE INSTRUCTORS?

Training will be conducted by designated professional accountants with a lot of practical experience in big 4 and small professional accounting firms.

HOW MUCH DOES IT COST?

The cost is $275. Group course/student packages are also available at 20% discount. At HTKConsulting we are big believers that money should not stop you from learning, and accordingly we provide special discount to people with financial needs.

WHAT IS THE DURATION OF THE COURSE?

Most of our classes have a duration of 1 complete day i.e. (9am – 5pm)

WHEN ARE THE CLASSES HELD?

The classes are usually held on the weekends

HOW DO I ENROLL FOR THE COURSE?

You have to send us an email at info@htkconsulting.com, call us or submit an online form

HOW DO I PAY?

We accept cash, paypal, and interac e-transfer, and the payment is due on the day of class

CAN I RE-ATTEND THE SESSION?

Yes, you can re-attend the session for FREE

WHAT DO I NEED FOR THE COURSE?

You will need the laptop (If you do not have a laptop, we will provide you with one in class)

WILL YOU PROVIDE CAREER TIPS?

Yes at the end of each session we provide students with the resume tips and career advice.

DO I GET A CERTIFICATE?

Yes, you will be provided with an official HTK Consulting certificate of completion at the end of each session.