Course Detail(ADT042 : An Overview of Audit Planning)

ADT042 : An Overview of Audit Planning

3.50 CPE Hours (Category 3)
Classroom

Programme Objective

To provide audit professionals with guidance on planning for a financial statement audit engagement. This course will cover various matters that should be taken into consideration when planning the audit from client acceptance or continuance of client relationships and audit engagements, to establishing a system of quality control for the audit engagement. This course will also touch on firm-wide quality control issues.

Programme Outline

  • Establishing the overall audit strategy necessary for planning and developing an audit plan for an engagement.
  • Quality control issues in an audit engagement including compliance with relevant ethical requirements.
  • Agreeing the terms of audit engagements: preconditions for an audit and establishing an understanding of the terms of the engagement, including communicating with an existing/outgoing accountant, the reporting objectives, timing of the audit, and the nature of communications with those charged with governance and management, and/or third parties, including any statutory or contractual reporting responsibilities arising from the audit.
  • Audit planning considerations when the client uses a service organization.
  • Developing an audit plan including ascertaining the nature, timing and extent of resources necessary to perform the engagement
  • Preliminary engagement activities including obtaining an understanding of the client and its environment and performing risk assessment procedures.
  • Determining materiality and performance materiality when planning an audit.
  • Audit documentation for the audit engagement.


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 gain more understanding in Audit Planning are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Schedule & Fees

Date & Time

17 Dec 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Loh Ji Kin

Date & Time

21 Dec 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Loh Ji Kin

Date & Time

05 Dec 2017 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Loh Ji Kin

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Loh Ji Kin
Director, Assurance
Nexia TS Public Accounting Corporation

Mr. Loh is a Director in Nexia TS Public Accounting Corporation. His main role in firm is serving as engagement partner for audit clients, which includes a spectrum of publicly listed and private clients spanning various industries. Mr. Loh also heads the firm’s Training Department as well as its Assurance Technical and Quality Control Department, being a subject matter expert in both accounting and auditing standards.

Prior to joining Nexia TS, Mr. Loh spent almost 15 years with an international accounting firm, serving a number of roles. In an assurance capacity, he served clients in statutory audits and other special assignments. These clients included listed and private companies as well as multi-national corporations, in various industries, including the oil & gas, insurance, investment-holding and manufacturing sector.

Mr. Loh also played an integral role in the internal technical department, primarily focused on auditing standards and audit quality, including external reporting, in both audit and non-audit services. He also played a key role in conducting training in accounting standards, audit methodology and related soft skills, including project and client management.

Mr. Loh is a practising member of the Institute of Singapore Chartered Accountants.

Programme Objective

To provide audit professionals with guidance on planning for a financial statement audit engagement. This course will cover various matters that should be taken into consideration when planning the audit from client acceptance or continuance of client relationships and audit engagements, to establishing a system of quality control for the audit engagement. This course will also touch on firm-wide quality control issues.

Programme Outline

  • Establishing the overall audit strategy necessary for planning and developing an audit plan for an engagement.
  • Quality control issues in an audit engagement including compliance with relevant ethical requirements.
  • Agreeing the terms of audit engagements: preconditions for an audit and establishing an understanding of the terms of the engagement, including communicating with an existing/outgoing accountant, the reporting objectives, timing of the audit, and the nature of communications with those charged with governance and management, and/or third parties, including any statutory or contractual reporting responsibilities arising from the audit.
  • Audit planning considerations when the client uses a service organization.
  • Developing an audit plan including ascertaining the nature, timing and extent of resources necessary to perform the engagement
  • Preliminary engagement activities including obtaining an understanding of the client and its environment and performing risk assessment procedures.
  • Determining materiality and performance materiality when planning an audit.
  • Audit documentation for the audit engagement.


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 gain more understanding in Audit Planning are welcome to attend.

Competency Mapping

Category 3 = 3.50 Hours

Programme Facilitator(s)

Loh Ji Kin
Director, Assurance
Nexia TS Public Accounting Corporation

Mr. Loh is a Director in Nexia TS Public Accounting Corporation. His main role in firm is serving as engagement partner for audit clients, which includes a spectrum of publicly listed and private clients spanning various industries. Mr. Loh also heads the firm’s Training Department as well as its Assurance Technical and Quality Control Department, being a subject matter expert in both accounting and auditing standards.

Prior to joining Nexia TS, Mr. Loh spent almost 15 years with an international accounting firm, serving a number of roles. In an assurance capacity, he served clients in statutory audits and other special assignments. These clients included listed and private companies as well as multi-national corporations, in various industries, including the oil & gas, insurance, investment-holding and manufacturing sector.

Mr. Loh also played an integral role in the internal technical department, primarily focused on auditing standards and audit quality, including external reporting, in both audit and non-audit services. He also played a key role in conducting training in accounting standards, audit methodology and related soft skills, including project and client management.

Mr. Loh is a practising member of the Institute of Singapore Chartered Accountants.


Upcoming Schedule

Registration is closed

Date & Time

17 Dec 2019 (9:00 AM - 12:30 PM)

Fee (inclusive of GST)

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

Programme Facilitator(s)

Loh Ji Kin

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537