International Audit

by Steve Collings

This course provides a detailed overview of international auditing. It will enable you to discover the latest updates in the area, the various impacts of Covid-19 and the key points to remember when obtaining auditing evidence and finalising audits.

price £75+vat
cpd hours 4 CPD hours
access 120 days' access

This course will enable you to

  • Stay up to date with the latest changes to International Standards on Auditing (ISAs)
  • Understand the various impacts of Covid-19 on audit
  • Familiarise yourself with the substantive procedures and tests of control involved in obtaining audit evidence
  • Explore the complexities of auditing intangible assets, cash flow statements, and construction contract accounting
  • Define the key steps involved when finalising an audit

About the course

Auditing is a complex but crucial area for many organisations. With confidence in audit diminishing in some jurisdictions, it is increasingly important that a high-quality audit is carried out. Not only has international auditing seen several changes within the last year, but the Covid-19 pandemic has introduced many challenges, and auditors can no longer simply rely on their audit software to handle such changes.

This course will keep you up to date on all the key changes in international auditing and the associated standards, with a particular focus on how this area has had to adapt in light of the coronavirus pandemic. Familiarise yourself with the procedures involved in obtaining auditing evidence and the key things to remember when finalising audits.

Look inside

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Contents

  • Recent changes to international auditing
    • The recent changes to ISAs
    • ISA 315 (Revised) Identifying and Assessing the Risks of Material Misstatement
    • What the auditor needs to do
    • Risk assessment
    • ISA 220 (Revised) Quality Management for an Audit of Financial Statements
    • Engagement partner responsibilities
    • Review requirements
    • ISA 540 (Revised) Auditing Accounting Estimates and Related Disclosures
    • How successful are the changes to the ISAs
    • Spectrum of inherent risk
    • Controls and scepticism
    • Disclosures and communication
    • ISQM 1 Quality Management for Firms that Perform Audits
    • Monitoring
    • ISQM 2 Engagement Quality Reviews
  • The impact of COVID-19
    • The main challenges of COVID-19
    • Attendance at inventory count
    • Impairment of assets
    • Provisions and contingencies
    • Going concern
    • Procedures for assessing going concern
    • Overcoming COVID-19
  • The complexities of auditing
    • Audit evidence
    • Gathering evidence
    • Test of controls
    • Substantive procedures
    • Six methods for generating evidence
    • Financial statement assertions
    • Comfort letters for receivables
    • Construction contract accounting
    • Intangible assets and audit risks
    • Auditing cash flow statements
    • The common complexitites
  • Audit finalisation
    • Evaluating misstatements
    • Reporting on key audit matters
    • The finalisation stage
    • The completion phase and going concern
    • Reporting on irregularities and fraud
    • Dealing with disagreements

Author

Steve Collings

Steve Collings is the audit and technical director at Leavitt Walmsley Associates Ltd, Cheshire. He specialises in UK GAAP, IFRS, Solicitors Accounts Rules and auditing and is also a nationwide lecturer on these subjects.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team’s needs
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Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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