The objective of the seminar is to provide participants with a practical and comprehensive understanding of the audit process, from planning and risk assessment through to completion and reporting. It combines the requirements of the International Standards on Auditing (ISAs) with practical scenarios, case studies and professional judgement exercises relevant to modern audit engagements.

This seminar aims to strengthen participants’ ability to apply a risk-based audit approach, identify and assess risks of material misstatement, design appropriate audit responses, obtain sufficient appropriate audit evidence, apply professional scepticism and reach well-supported audit conclusions.

The seminar also covers fraud risks, management override, accounting estimates, going concern, subsequent events, audit reporting, revised ISA requirements, technology, data analytics and AI in auditing.

• External and internal auditors

• Accountants and finance managers

• Audit committee members and compliance officers

• Professionals seeking to stay up to date with ISA developments and best practices

• Audit planning and risk assessment
• Materiality and audit risk
• Internal controls
• Audit evidence and sampling
• Substantive audit procedures
• Revenue and receivables
• Inventory, cut-off and completeness
• Expenses, payroll and working capital
• Fraud and management override
• Related parties
• Accounting estimates and provisions
• Going concern
• Subsequent events
• Misstatements and audit completion
• Audit reporting, KAM, Emphasis of Matter and modified opinions
• Revised and emerging ISAs
• Data analytics and AI in the modern audit
• Audit risk assessment
• Design of audit responses
• Evaluation of audit evidence
• Professional scepticism and judgement
• Fraud and red-flag identification
• Testing of significant balances and transactions
• Assessment of estimates and going concern
• Audit completion and reporting
• Application of revised ISAs
• Use of data analytics and AI in audit