Auditing More Complex Accounts - A ‘How To’ Guide

Introduction

Auditing more complex areas requires an understanding of the entity and risk assessment to appropriately tailor audit procedures. Auditors shall apply professional scepticism throughout their audit work and ensure sufficient appropriate audit evidence is obtained to support conclusions drawn.

This new virtual classroom seminar will provide guidance on how to approach the audit of more complex areas, including valuations, impairments and going concern.

Using illustrative and real live examples this session is ideal for auditors involved in the audit of financial statements.

What You Will Learn

This live and interactive session will cover the following:

• Overview of the risk assessment approach
• Audit approach to more complex areas
• May include impairments, going concern, valuations, provisions
• Ensuring audit procedures relate to the risk of material misstatement at assertion level
• Applying professional scepticism
• Considering relevance and reliability of audit evidence obtained
• Challenging management
• Documentation requirements
• Feedback from regulators

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.