Programme Objective

The completion stage of the audit must be carefully planned to ensure that the requirements of the relevant SSAs, including SSA 220, 230, 260, 450, 520, 560, 570 and 580, are adhered to in order to reduce the risk that an inappropriate opinion is given on the financial statements.

This half-day course aims to provide audit professionals with guidance on audit completion procedures.
 

Programme Outline

• Review of audit files (SSA 220)
• Audit Documentation (SSA 230)
• Evaluation of misstatements (SSA 450) 
  • Understand the importance of distinguishing between factual misstatements, judgmental misstatements and projected misstatements
  • Evaluation of the effect of identified misstatements on the audit
  • Evaluation of uncorrected misstatements on the financial statements
  • Communication, correction and documentation of misstatements including obtaining written representations from management and those charged with governance
• Final analytical procedures (SSA 520)
• Review of the financial statements for proper presentation and disclosure, including comparative information and other information in documents that will contain the audited financial statements
• Subsequent events procedures (SSA 560)
• Going concern (SSA 570)
• Written representation (SSA 580)
• Communication with those charged with governance (SSA 260)
• Circumstances under which engagement quality control reviews for non-listed clients may be required; evaluating significant judgments and conclusions reached by the engagement team
• Audit clearance meeting 

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 course for audit professionals who like to gain better understanding on audit completion procedures.

Programme Facilitator(s)