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



  • Recent changes to international auditing
    • ISA 315 (Revised) Identifying and Assessing the Risks of Material Misstatement
    • What the auditor needs to do
    • Risk assessment
    • Relevant assertions and material misstatements
    • 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
    • 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
    • Attendance at inventory count
    • Extra restrictions and inventory counts
    • Impairment of assets
    • Provisions and contingencies
    • Going concern
    • Procedures for assessing going concern
  • The complexities of auditing
    • Audit 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 the cash flow statement
  • Audit finalisation
    • Evaluating misstatements
    • Multiple misstatements identified
    • Dealing with disputes
    • Reporting on key audit matters
    • The completion phase and going concern
    • Reporting on irregularities and fraud


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.

You might also like

Take a look at some of our bestselling courses

Got a team of 2 or more?

Develop and retain a talented finance team with our team subscriptions.

Find out more