The Audit Process

by Steve Collings

To bridge the expectation gap in audit, this course looks at the roles of audit and the auditor, and explores, in detail, the audit process and the regulatory standards that govern auditing.

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

This course will enable you to

  • Gain a detailed overview of the auditing landscape, and examine the role of the auditor
  • Explore some of the ethical requirements for auditors, potential threats to their independence, and how to manage them
  • Understand audit engagement procedures and audit planning
  • Examine the procedures for gathering audit evidence
  • Gain an overview of the finalisation and completion stage of the audit

About the course

News stories about corporate collapses and scandals over the last few years have led many to question the function of the audit process. With a rising expectation gap, it's important to clarify the role of the auditor.

Steve Collings provides a calm, rational voice, arguing that by following the audit process – from planning the audit, to gathering evidence, to finalising the audit – we can raise the quality of work and avoid the mistakes that bring the profession into disrepute.

This course guides you through each of these stages of audit to give you insight into the practicalities of audit, and how the auditor gains evidence to form an opinion and provides a detailed overview of the International Standards on Auditing (ISA).

Look inside

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Contents

  • Introducing audit
    • What is auditing?
    • The auditor's job
    • The expectation gap
    • The importance of audit
    • Advantages and disadvantages
    • ISA ISA baby
    • Ethical requirements
    • Threats to auditor independence
    • Corporate governance issues
  • Planning the audit
    • Preparation
    • Accepting a new engagement
    • The outgoing auditors
    • A letter of engagement
    • Misstatements
    • Materiality
    • Identifying risk
    • Understanding the entity
    • Internal control systems
    • Audit risk
  • Gathering audit evidence
    • The gathering
    • Obtaining audit evidence
    • Intangible assets
    • Auditing intangible assets
    • Related parties
    • Track and trace
    • Auditing related parties
    • Financial instruments
    • Revenue
    • Auditing tax
  • Finalising the audit
    • Tying it all up
    • Going concern
    • Going concern assessments
    • Auditing going concern
    • Reporting on going concern
    • Going back for more audit
    • Auditing subsequent events
    • Forming an audit opinion
    • The emphasis of matter paragraph

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 hours800+ unitshourshours800+ 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
Learn moreLearn moreLearn more
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 unitshourshours800+ 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 unitshourshours800+ 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 unitshourshours800+ 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 unitshourshours800+ 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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