Course II (Introduction to Auditing and Financial Reporting)

Objective

To explain the disclosures required in company accounts, and the difference in disclosure requirements between small companies and other companies.

To provide an understanding of the principles of auditing, and look at the audit areas that students will be involved in at this stage of their careers.

The training involves practical case studies based around a single audit client, with a focus on the practical situations that the student may encounter when on audit, such as obtaining information from clients, dealing with errors and documentation of audit work.

The audit work performed in each audit area will include substantive testing and some of the most widely used substantive analytical review tests.

 Day  Morning session   Afternoon session
 1 Company disclosures – small company issues including FRS 102 Section 1A Introduction to auditing principles.
 2 Auditing fixed assets Auditing debtors and prepayments.
 3 Auditing bank & cash.
Auditing creditors & accruals
Auditing VAT.
Effective documentation of audit work.
Presenting the results of your work in an understandable way.
 4 Auditing income. Auditing expenditure.
Auditing payroll.
 5 Updating systems documentation and reviewing the design & implementation of internal controls Client questioning skills.
Obtaining information from clients.

** - ProAudit version – days 1 (afternoon session), 2, 3 (morning session), 4 & 5 (morning session) will use example ProAudit files and the practical exercises and case studies will be performed on-screen using example data.

Practical Workshop
New credit option for 2019

Our training courses credits could provide a more flexible payment option. Call 0116 258 1200 to find out more or visit our credits page.


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