Audits - Review of the Standards

Note: The Live Virtual course is presented in collaboration with CPABC. The content is applicable to all participants. If you have questions regarding this course, please contact pdregistration@cpaalberta.ca. 

Overview:

This course provides a solid foundation in the practical application of the Canadian Auditing Standards (CAS) to audit engagements. You are given an opportunity to build on your understanding of the standards, with an emphasis on areas identified as common pitfalls in national practice inspection findings. Using a case study approach, you will practice applying the standards to a set of client-specific facts. The case study is based on the audit of a moderately complex for-profit private company. You will also explore the key elements of documenting an engagement working paper file including, planning, engagement execution, and reporting.

Course Content:

In this course, you will gain knowledge about the following topics: 

• Audit Quality 
• Communication with Others 
• Audit Documentation 
• Acceptance and Overall Audit Strategy 
• Risk Assessment Procedures including Internal Control
• Performing Audit Responses
• Conclusion and Reporting

Learning Objectives:

By the end of this course, you should be able to:

• Identify common pitfall areas in audit engagements as noted by national practice inspection findings
• Demonstrate the application of key CAS requirements using a set of case study facts
• Recognize key items to be documented in an audit engagement working paper file

Who Will Benefit: