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The 'SMALL' audit process demonstrated using PROBE MMX

Level: 
Advanced
Duration: 
09:00 – 17:00
Next Planned For: 
Please Call
Venue: 
CMS Systems Solutions Offices (Galaxias Commercial Centre Offcie 404 - Please call for detailed directions)

Course Details

:

  • INTRODUCTION AND FUNDAMENTAL PRINCIPLES
    • ISA 200 Overall Objectives of the Independent Auditor and the Conduct of the Audit in Accordance with International Standards on Auditing
    • Audit risk and Assertions
    • Documentation
    • The Probe MMX approach
    PRE-ENGAGEMENT PLANNING
    • Engagement Evaluation
    • Management and those charged with governance
    • Gathering information
    • Overall materiality
    RISK ASSESSMENT PROCEDURES
    • Risk assessment at the financial statement level
    • ISA240 Fraud risk
    • Risk assessment at the assertion level
    • ISA315 Understanding the client
    • Systems documentation
    • Significant risks and controls
    AUDIT PLANNING
    • Audit plan and strategy
    CONDUCTING THE AUDIT
    • Specific issues
    FINALISING
    • Subsequent events
    • Going concern
    • Overall analytical review
    • Evaluation of misstatements
    REVIEWING
    • Partner conclusion
    CONCLUSION

Course Objective

 

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The aim of this course is to familiarise delegates with the ISA audit requirements and how the PROBE MMX audit methodology and template can help to meet these ISA requirements.

The course will look at a basic case study of a Small entity, ensuring the delegates understand all the considerations affecting the audit plan and other key areas of Probe MMX.

Prerequisites

 

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Working knowledge of CaseWare Working Papers.

Basic knowledge of the audit process.

Each participant is required to bring their laptop and have CaseWare Working Papers 2010 and Probe MMX installed.

Cost: 
€ 200 + VAT per participant (includes training materials and lunch)
AttachmentSize
THE SMALL AUDIT PROCESS DEMONSTRATED USING PROBE MMX Course Agenda.pdf27.77 KB