Auditing the Complex World of Financial Instruments

Course outline:

This course will cover an overview of the auditing issues associated with financial instruments.

Business entities, regardless of their size, can be exposed to the possibility of significant misstatements when using financial instruments. This underscores the need for auditors to exercise heightened caution during the examination of financial instruments.

Auditing financial instruments poses challenges, demanding a blend of expertise in accounting and finance, as well as a comprehension of the economic aspects of the instruments and associated transactions.

This course will cover both the technical requirements and the practical considerations associated with the auditing of financial instruments.

In particular, the following areas will be considered: 

• Financial instruments overview.
• Purpose of holding financial instruments.
• Risks to which entities are exposed.
• Controls relating to financial instruments.
• Key audit considerations
• Professional scepticism
• Case studies 

CPD Hours: 1.5