Programme Objective
Building on the concepts and knowledge highlighted in Practical Audit Workshop – Audit Working Paper 1, and designed specifically for the experienced audit working paper preparers, PAW – AWP 2 aims to provide practical guidance on the application of the audit concepts and audit documentation requirements relevant to the audit planning process and areas of audit complexity in order to assist the Audit Partners to better understand and manage the audit process on a timely basis.
Further details about PAW series workshop can be found here.
Programme Outline
At the end of the 5-day PAW–AWP 2, participants will be able to:
- Recognize the role, ethical and professional requirements and responsibilities of the various levels of audit engagement team members;
- Understand the key audit concepts and requirements through the various audit case study examples:
- Audit evidence
- Audit sampling
- Audit judgment
- Understand and apply the relevant audit concepts and documentation techniques in the audit planning process, such as:
- Client and engagement acceptance;
- Audit planning process and risk assessment requirements;
- Identification of possible audit risk areas through the understanding the client’s business and economic environment, the client’s internal control system, changes in client's financial position and results of operations from the previous year;
- Audit procedures over the design and implementation of the client’s system of internal controls and the designing of effective tests of controls;
- Recommendation for Audit Partner’s approval the relevant audit procedures necessary to obtain reasonable assurance over the audit;
- Understand and apply the relevant audit concepts, documentation techniques and designing the relevant audit procedures to resolve audit exceptions as highlighted by junior staff under PAW–AWP 1;
- Understand and apply the relevant audit concepts and documentation techniques while performing the audit procedures in the audit of management judgment and estimates, such as:
- Allowance for doubtful debts;
- Allowance for inventories;
- Impairment for non-current assets;
- Provisions, warranties and claims;
- Related party transactions and balances;
- Reliance on third party experts; etc.
Understand and apply the concept of audit procedures and documentation requirements in relation to the audit completion process such as communication with management, evaluation of corrected and uncorrected misstatements, audit conclusion, etc.; and
Understand and be able to help improve the overall audit efficiency and effectiveness by identifying audit exceptions and recommending suitable responses for Audit Partner’s approval.
Closing Date for Registration
1 week before programme or until full enrolment
If the registration is closed, please contact cpe@isca.org.sg if you wish to be notified when the next intake is opened for registration.
Assessment
Assessments will be conducted during mid and end of workshop.
Rescheduling of Assessment Date
Participants can request for a rescheduling of assessment date. An administrative fee of $53.50 (including GST) will be payable. This fee will be waived if the rescheduling is due to medical or compassionate reason. Please provide relevant supporting documents.
Re-assessment
Participants who do not score an overall pass for the assessments can request for a re-assessment within 7 working days from the last day of the course. An administrative fee of $107.00 (including GST) will be payable. A re-assessment will be arranged within 14 working days from the last day of the course. Participants may attempt the re-assessment once only.
Click PAW homepage for details on Practical Audit Workshop.
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Intended For
PAW-AWP 2 workshop is specially designed for experienced audit working paper preparers of small and medium-sized public accounting firms (SMPs), with minimum 2 years of practical audit experience to equip themselves with the necessary audit knowledge and understanding of the audit planning process and areas of audit complexity.
Schedule & Fees
Testimonial
Funding
1] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022. *This excludes miscellaneous fees such as GST and registration fee etc.
This course is approved for UTAP support for intakes conducted between 01 April 2020 – 31 March 2021.
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
- Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
- Course by training provider must be supported under UTAP and training must commence within the supported period and;
- Unfunded course fee must not be fully sponsored by company or other types of funding
- Unfunded course fee must be S$20.00 and above, and;
- Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
- UTAP application must be made within 6 months after course ends.
To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008
Programme Facilitator(s)
Programme Objective
Building on the concepts and knowledge highlighted in Practical Audit Workshop – Audit Working Paper 1, and designed specifically for the experienced audit working paper preparers, PAW – AWP 2 aims to provide practical guidance on the application of the audit concepts and audit documentation requirements relevant to the audit planning process and areas of audit complexity in order to assist the Audit Partners to better understand and manage the audit process on a timely basis.
Further details about PAW series workshop can be found here.
Programme Outline
At the end of the 5-day PAW–AWP 2, participants will be able to:
- Recognize the role, ethical and professional requirements and responsibilities of the various levels of audit engagement team members;
- Understand the key audit concepts and requirements through the various audit case study examples:
- Audit evidence
- Audit sampling
- Audit judgment
- Understand and apply the relevant audit concepts and documentation techniques in the audit planning process, such as:
- Client and engagement acceptance;
- Audit planning process and risk assessment requirements;
- Identification of possible audit risk areas through the understanding the client’s business and economic environment, the client’s internal control system, changes in client's financial position and results of operations from the previous year;
- Audit procedures over the design and implementation of the client’s system of internal controls and the designing of effective tests of controls;
- Recommendation for Audit Partner’s approval the relevant audit procedures necessary to obtain reasonable assurance over the audit;
- Understand and apply the relevant audit concepts, documentation techniques and designing the relevant audit procedures to resolve audit exceptions as highlighted by junior staff under PAW–AWP 1;
- Understand and apply the relevant audit concepts and documentation techniques while performing the audit procedures in the audit of management judgment and estimates, such as:
- Allowance for doubtful debts;
- Allowance for inventories;
- Impairment for non-current assets;
- Provisions, warranties and claims;
- Related party transactions and balances;
- Reliance on third party experts; etc.
Understand and apply the concept of audit procedures and documentation requirements in relation to the audit completion process such as communication with management, evaluation of corrected and uncorrected misstatements, audit conclusion, etc.; and
Understand and be able to help improve the overall audit efficiency and effectiveness by identifying audit exceptions and recommending suitable responses for Audit Partner’s approval.
Closing Date for Registration
1 week before programme or until full enrolment
If the registration is closed, please contact cpe@isca.org.sg if you wish to be notified when the next intake is opened for registration.
Assessment
Assessments will be conducted during mid and end of workshop.
Rescheduling of Assessment Date
Participants can request for a rescheduling of assessment date. An administrative fee of $53.50 (including GST) will be payable. This fee will be waived if the rescheduling is due to medical or compassionate reason. Please provide relevant supporting documents.
Re-assessment
Participants who do not score an overall pass for the assessments can request for a re-assessment within 7 working days from the last day of the course. An administrative fee of $107.00 (including GST) will be payable. A re-assessment will be arranged within 14 working days from the last day of the course. Participants may attempt the re-assessment once only.
Click PAW homepage for details on Practical Audit Workshop.
-------------------------------------------------------------------------------------------------------------------------------
Intended For
PAW-AWP 2 workshop is specially designed for experienced audit working paper preparers of small and medium-sized public accounting firms (SMPs), with minimum 2 years of practical audit experience to equip themselves with the necessary audit knowledge and understanding of the audit planning process and areas of audit complexity.
Programme Facilitator(s)
