International Audit

(14 reviews)

by Steve Collings

Revised and up to date for 2024/25. This course provides a detailed overview of international auditing. It will enable you to discover the latest updates in the area, and the key points to remember when obtaining auditing evidence, finalising audits and compiling auditor's reports.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

Use ACPD101 for 10% off any purchase.

This course will enable you to

  • Stay up to date with the latest changes to International Standards on Auditing (ISAs)
  • 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
  • Feel confident about the required reporting aspects of the audit engagement, including the audit opinion

About the course

Auditing is a complex but crucial area for many organisations. With confidence in audit diminishing in many jurisdictions due to some recent high-profile scandals, it is increasingly important that a high-quality audit is carried�out.

This course will keep you up to date on all the key changes in international auditing and the associated standards. Familiarise yourself with the procedures involved in obtaining auditing evidence, the key things to remember when finalising audits and issues that should be considered when delivery an opinion in the auditor痴�report.

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 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
  • Reporting issues in auditing
    • The unqualified audit opinion
    • A qualified opinion
    • When to use qualified audit opinions
    • Types of qualified opinions
    • Emphasis of Matter (EOM) paragraphs
    • EOM paragraphs
    • How to use an EOM paragraph
    • Reporting on other information

How it works

Author

Steve Collings

Steve is Director at Leavitt Walmsley Associates, a firm of Certified Chartered Accountants. He is an internationally recognised speaker, writer and commentator on all matters to do with financial reporting and auditing. Steve is a prolific author, having written over 25 books and currently represents the North West of England on ACCA痴 Practice Network Panel.

Reviews

4.2
(14 reviews)
5
4
3
2
1
 
 
 
 
    User avatar: Rishi S
    Rishi S
    11 May 2025
    11 May 2025
    Very relevant.
    User avatar: Pratik P
    Pratik P
    29 Apr 2025
    29 Apr 2025
    Clear, practical, and well-structured�this CPD gave me the confidence to apply audit standards effectively in real-world scenarios.
    PM
    Pretty M
    12 Apr 2025
    12 Apr 2025
    Everything in this course is very important in the company that I work for. I am not an Auditor but I have learnt and understood the importance of giving the correct reports and things that may arise when doing accounting in any manner that is not aligned with the reporting standards. After this, I will be be able to do our Financial statements according to the auditor's expectation and current Financial reporting standards, being able to read and explain the audited financial statements to the board of directors. And also, trying to avoid certain things from happening before audit begins. Understanding the whole importance of audit helps grow the business in a manner that will satisfy both owners and stakeholders.
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Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,500+ unitshourshours1,500+ unitshourshours
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Use ACPD101 for 10% off any purchase.