Course Detail(ADT039 : Auditors' Consideration of Client Internal Controls)

ADT039 : Auditors' Consideration of Client Internal Controls

3.50 CPE Hours (Category 3)
Classroom

Programme Objective

To provide audit professionals with guidance on identifying and evaluating internal controls relevant to an audit of financial statements with a view to designing appropriate audit procedures to collect sufficient appropriate audit evidence. This course will also cover reporting requirements relating to deficiencies in internal control identified during an audit to those charged with governance and management.

Programme Outline

  • The auditor’s responsibilities for understanding, assessing, testing and evaluating the operating effectiveness of internal controls relevant to the audit.
  • Using an appropriate control framework (such as the COSO framework) to assess and evaluate client internal controls.
  • Obtaining an understanding of the client’s system of internal control including an assessment of the strength of the client’s corporate governance mechanisms.
  • Risk assessment procedures performed to arrive at a preliminary assessment of the risks in an audit client.
  • Testing the adequacy and operating effectiveness of internal controls.
  • Evaluating the results of tests of controls, re-assessing the risks and determining the nature, timing and extent of substantive tests.
  • The auditor’s responsibility to report significant and other deficiencies in internal control to those charged with governance and management.
  • Reporting requirements and procedures on significant and other deficiencies in internal control detected during the audit. 


Training Methodology

Lecture style, with Exercises/Case Studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to have guidance on identifying and evaluating internal controls relevant to an audit of financial statements are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Schedule & Fees

Date & Time

09 Oct 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Koh Wee Kwang

Date & Time

11 Jul 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Koh Wee Kwang

Date & Time

18 Oct 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Koh Wee Kwang

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Koh Wee Kwang
 
Wee Kwang has been a finance professional for more than 19 years, and his main areas of expertise include financial statements reporting, corporate governance review, Enterprise Risk Management (ERM) and internal auditing.  He is currently a Director with CA TRUST PAC.  
 
Wee Kwang serves a wide range of clients in Singapore including educational institutions, non-profit organisations, SMEs, MNCs as well as public companies listed on the SGX.  He has also facilitated numerous programmes (both financial and non-financial) with the National Community Leadership Institute (NACLI).
 
Wee Kwang’s strength as a trainer lies in his ability to simplify complex financial concepts for his trainees.  By adopting a variety of interactive approaches, he ensures that his training is well-suited to every individual trainee’s different learning style. 
 
In addition, Wee Kwang conducts his own proprietory training on Understanding Financial Statements for Companies and Buisnesses.  This training has been well received by non-finance trained executives. 
 
A firm believer in giving back to the society, Wee Kwang volunteers his time and expertise to serve as the Treasurer of Yuhua Citizen’s Consultative Committee (“CCC’).  At the same time, Wee Kwang sits on the board of the School Advisory Committee of Fuhua Primary School.
 
Qualifications and memberships: 
  • Member of the Institute of Singapore Chartered Accountants (ISCA)
  • Certified Internal Auditor (CIA), The Institute of Internal Auditors Singapore
  • Advance Certificate in Training & Assessment (ACTA), Institute of Adult Learning (IAL)
  • Licensed Practitioner of Neuro-Linguistic Programming (NLP), The Society of Neuro-Linguistic Programming - Richard Bandler

Programme Objective

To provide audit professionals with guidance on identifying and evaluating internal controls relevant to an audit of financial statements with a view to designing appropriate audit procedures to collect sufficient appropriate audit evidence. This course will also cover reporting requirements relating to deficiencies in internal control identified during an audit to those charged with governance and management.

Programme Outline

  • The auditor’s responsibilities for understanding, assessing, testing and evaluating the operating effectiveness of internal controls relevant to the audit.
  • Using an appropriate control framework (such as the COSO framework) to assess and evaluate client internal controls.
  • Obtaining an understanding of the client’s system of internal control including an assessment of the strength of the client’s corporate governance mechanisms.
  • Risk assessment procedures performed to arrive at a preliminary assessment of the risks in an audit client.
  • Testing the adequacy and operating effectiveness of internal controls.
  • Evaluating the results of tests of controls, re-assessing the risks and determining the nature, timing and extent of substantive tests.
  • The auditor’s responsibility to report significant and other deficiencies in internal control to those charged with governance and management.
  • Reporting requirements and procedures on significant and other deficiencies in internal control detected during the audit. 


Training Methodology

Lecture style, with Exercises/Case Studies


Closing Date for Registration

1 week before programme or until full enrolment

Intended For

An Intermediate to Advanced level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to have guidance on identifying and evaluating internal controls relevant to an audit of financial statements are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Programme Facilitator(s)

Koh Wee Kwang
 
Wee Kwang has been a finance professional for more than 19 years, and his main areas of expertise include financial statements reporting, corporate governance review, Enterprise Risk Management (ERM) and internal auditing.  He is currently a Director with CA TRUST PAC.  
 
Wee Kwang serves a wide range of clients in Singapore including educational institutions, non-profit organisations, SMEs, MNCs as well as public companies listed on the SGX.  He has also facilitated numerous programmes (both financial and non-financial) with the National Community Leadership Institute (NACLI).
 
Wee Kwang’s strength as a trainer lies in his ability to simplify complex financial concepts for his trainees.  By adopting a variety of interactive approaches, he ensures that his training is well-suited to every individual trainee’s different learning style. 
 
In addition, Wee Kwang conducts his own proprietory training on Understanding Financial Statements for Companies and Buisnesses.  This training has been well received by non-finance trained executives. 
 
A firm believer in giving back to the society, Wee Kwang volunteers his time and expertise to serve as the Treasurer of Yuhua Citizen’s Consultative Committee (“CCC’).  At the same time, Wee Kwang sits on the board of the School Advisory Committee of Fuhua Primary School.
 
Qualifications and memberships: 
  • Member of the Institute of Singapore Chartered Accountants (ISCA)
  • Certified Internal Auditor (CIA), The Institute of Internal Auditors Singapore
  • Advance Certificate in Training & Assessment (ACTA), Institute of Adult Learning (IAL)
  • Licensed Practitioner of Neuro-Linguistic Programming (NLP), The Society of Neuro-Linguistic Programming - Richard Bandler

Upcoming Schedule

Registration is closed

Date & Time

09 Oct 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Koh Wee Kwang

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537