Watch a qualified CPA instructor teaching the course and access a copy of the same course material that is provided to attendees of an in-person session.
After registering for a Video on Demand course, CPA Saskatchewan will send you information on how to access the course within 2 business days.
Click HERE for more information on Video-On-Demand courses.
OBJECTIVE:
Developed with the needs of professional accountants working in public practice in mind, this seminar provides a solid foundation in the practical application of the Canadian Auditing Standards (CAS) to audit engagements. Participants are given an opportunity to build on their understanding of the standards, with an emphasis on areas identified as common pitfalls in national practice inspection findings. Using a case study approach, participants practice applying the standards to a set of client-specific facts. The case study is based on the audit of a moderately complex for-profit private company. Participants will also explore the key elements of documenting an engagement working paper file including, planning, engagement execution, and reporting.
WHO WILL BENEFIT:
Audit practitioners at all levels of experience, who want to refresh their understanding of the Canadian Auditing Standards and explore applying the standards in a more effective and efficient manner.
LEARNING OUTCOMES:
By the end of this course, participants will be able to:
- identify common pitfall areas in audit engagements as noted by national practice inspection findings,
- demonstrate the application of key CAS requirements using a set of case study facts, and
- recognize key items to be documented in an audit engagement working paper file.
CONTENT:
- Introduction
- Audit Quality
- Communication with Others
- Audit Documentation
- Acceptance and Overall Audit Strategy
- Internal Control
- Risk Assessment
- Audit Procedures
- Conclusion and Reporting
- Wrap Up
PREREQUISITES:
Participants should have some familiarity with the CPA Handbook – Assurance
NOTE:
The course reviews key CAS requirements that are effective for periods ending on or after December 31, 2021. However, revised CAS 315 is effective for periods beginning on or after December 31, 2021 and has not been included in the course material.