About this Course
This course will help the experienced auditor to recognize estimates and subjective information, plan early to identify key estimates and risks, and focus on the process to identify significant assumptions. You'll practice assessing assumptions and learn the best techniques for gathering audit evidence and how to assess management's ability and intents. You'll analyze past performance and review documents. You'll be given hands on experience in auditing a cash flow estimate.
- Guidance surrounding accounting estimates
- Assessing the risk of significant estimates
- Historical accuracy
- Designing and performing testwork for accounting estimates
- Applying professional skepticism to auditing accounting estimates
Who will it benefit?
Level 3, Audit Senior/In-Charge identifies the more difficult areas for experienced auditors. Audit Staff Essentials Level 3 courses will give your staff the confidence necessary to begin assuming client and engagement management