Reviews of audit files and discussions with auditors reveal frequent misunderstanding and misapplication of audit testing and sampling requirements.
We will take you back to basics on two interrelated standards ASA/ISA 500 Audit Evidence and ASA/ISA 530 Audit Sampling. We will also explain when to apply sampling, how it should be applied, what to do when errors are detected and what to document.
We will also look at controls and testing of journal entries – all too common audit oversights.
Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.
He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.
Chanelle is an accomplished Chartered Accountant with more than 20 years’ experience as an auditor in a wide variety of Financial Audit and Audit Quality Control projects. Chanelle has abroad range of experience covering Financial Statement Audits, Audit Quality Control Reviews, Trust Account Audits and AASB implementation Advice & Assistance.
Chanelle has strong technical knowledge and enthusiastic training style ensures that all participants, from the graduate to the partner, receive maximum value from each training session.