Course Detail(ADT041 : Audit of Employee Benefits)

ADT041 : Audit of Employee Benefits

3.50 CPE Hours (Category 3)
Classroom

Programme Objective

To provide audit professionals with guidance on the audit of monetary and non-monetary benefits provided to employees during employment or post-employment. This course will also cover the key financial statement reporting and disclosure requirements for employee benefits.

Programme Outline

  • Understand the key financial statement reporting and disclosure requirements for employee benefits.
  • Discuss common financial statement misstatements concerning employee benefits.
  • Develop an understanding of the client human resource management process (inclusive of the types of employee benefits), and related information flows; control policies/procedures over the human resource management process (including payroll preparation, disbursement and recording); types of documents generated and kept; accounting policies for employee benefits; and financial statement accounts affected.
  • Identify and assess the risks of material misstatement at assertion level for employee benefits, taking into account relevant mitigating internal controls.
  • Determine the extent of reliance to place on internal controls over employee benefits; plan the nature, extent and timing of tests of controls; conduct and evaluate the results of these tests of controls and assess their implications for planning substantive tests of employee benefits.
  • Plan the nature, extent and timing of substantive procedures to test various assertions related to employee benefits.
  • Evaluate the audit findings and draw appropriate audit conclusions for employee benefits.

Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to gain more understanding in the Audit of employee benefits are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Schedule & Fees

Date & Time

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

Registration is closed

Programme Facilitator(s)

Joseph Toh

Date & Time

02 Oct 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Joseph Toh

Date & Time

14 Sep 2016 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Joseph Toh

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Joseph Toh
FCCA, FCPA (Singapore)

 
Joseph Toh was a former Assurance Partner of Baker Tilly TFW LLP. He was the former Head of Audit and has more than 35 years of experience in public accounting. Joseph’s extensive experience includes financial audits of multinationals, local and listed companies and not-for-profits organizations in diverse industries, operational audits and improvements in accounting and reporting systems.

Joseph is a Fellow of ISCA and ACCA. He is a committee member of Investigation and Disciplinary Panel and was a past committee member of Financial Statements Review Committee and Auditing & Assurance Committee of ISCA. He had also served as a member of Complaints & Disciplinary Panel, Continuing Professional Sub-Committee and CPE & Accreditation Sub-Committee of ACRA. He was the Past Chairman of the Audit Committee of Baker Tilly International – Asia Pacific Region.

Programme Objective

To provide audit professionals with guidance on the audit of monetary and non-monetary benefits provided to employees during employment or post-employment. This course will also cover the key financial statement reporting and disclosure requirements for employee benefits.

Programme Outline

  • Understand the key financial statement reporting and disclosure requirements for employee benefits.
  • Discuss common financial statement misstatements concerning employee benefits.
  • Develop an understanding of the client human resource management process (inclusive of the types of employee benefits), and related information flows; control policies/procedures over the human resource management process (including payroll preparation, disbursement and recording); types of documents generated and kept; accounting policies for employee benefits; and financial statement accounts affected.
  • Identify and assess the risks of material misstatement at assertion level for employee benefits, taking into account relevant mitigating internal controls.
  • Determine the extent of reliance to place on internal controls over employee benefits; plan the nature, extent and timing of tests of controls; conduct and evaluate the results of these tests of controls and assess their implications for planning substantive tests of employee benefits.
  • Plan the nature, extent and timing of substantive procedures to test various assertions related to employee benefits.
  • Evaluate the audit findings and draw appropriate audit conclusions for employee benefits.

Training Methodology
Lecture style, with Exercises/Case Studies
 
Closing Date for Registration
1 week before programme or until full enrolment

Intended For

A Foundation to Intermediate level programme intended for both Practising and Non-Practising Accountants and Auditors. Those who like to gain more understanding in the Audit of employee benefits are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Programme Facilitator(s)

Joseph Toh
FCCA, FCPA (Singapore)

 
Joseph Toh was a former Assurance Partner of Baker Tilly TFW LLP. He was the former Head of Audit and has more than 35 years of experience in public accounting. Joseph’s extensive experience includes financial audits of multinationals, local and listed companies and not-for-profits organizations in diverse industries, operational audits and improvements in accounting and reporting systems.

Joseph is a Fellow of ISCA and ACCA. He is a committee member of Investigation and Disciplinary Panel and was a past committee member of Financial Statements Review Committee and Auditing & Assurance Committee of ISCA. He had also served as a member of Complaints & Disciplinary Panel, Continuing Professional Sub-Committee and CPE & Accreditation Sub-Committee of ACRA. He was the Past Chairman of the Audit Committee of Baker Tilly International – Asia Pacific Region.

Upcoming Schedule

Registration is closed

Date & Time

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

Fee (inclusive of GST)

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

Programme Facilitator(s)

Joseph Toh

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537