Developed with the needs of professional accountants working in public practice in mind, the seminar provides a solid foundation in the practical application of the Canadian Auditing Standards (CAS) to audit engagements. The course reviews key CAS requirements with an emphasis on areas identified as common pitfalls by CPA national practice inspection findings. Participants will also explore the key elements of documenting an engagement working paper file including, planning, engagement execution, and reporting.
Using a case study approach, participants will develop a deeper understanding of how to apply the Canadian Auditing Standards to a set of client-specific facts. Participants will explore documentation alternatives, and learn practical tools and techniques for planning, performing, concluding and documenting their audit engagements in an effective and efficient manner.
WHO WILL BENEFIT:
Audit practitioners at all levels of experience, who want to refresh their understanding of the CAS in order to apply the standards more effectively and efficiently.
By the end of this course, participants will be able to:
- Identify common pitfall areas in audit engagements as noted by CPA national practice inspection findings
- Apply key CAS requirements appropriately to a set of client-specific case study facts
- Recognize key items to be documented in an audit engagement working paper file
Participants should have some familiarity with the CPA Handbook – Assurance.
|| Estimated CPD Hours: Total - 14 Licensing - 14 Ethics - 1