Course III (Understanding the Client and Auditing More Complex Areas - PROAUDIT)


To provide an understanding of the audit work required on more complicated areas of the audit. This will include obtaining an understanding of the client and identifying potential problems.

To explain how to analyse the results of an organisation, and provide useful information to interested parties.

 Day  Morning session   Afternoon session

Obtaining an understanding of the client and its environment, in accordance with ISA 315.
Recording this information efficiently in the permanent file.

Reviewing the background information and identifying risks.

Understanding financial information. Reviewing the accounts of various entities and analysing the results. Considering how the financial results of entities can be altered by management decisions & accounting policies.

Reviewing and auditing the accounting disclosures for non-small entities, including directors’ reports and strategic reports. Reviewing the cash flow statement for common errors.
Auditing corporation tax and deferred tax.
 3 Auditing subsequent events and going concern.
Auditing provisions and contingencies.
Related party transactions – auditing & disclosure issues.

Auditing stock & work in progress. Planning for complex stock takes.
Auditing income (more complex issues than those covered on Course II, including long-term contracts).

** - ProAudit version – days 1, 2 (afternoon session),  &3 will use example ProAudit files and the practical exercises and case studies will be performed on-screen using example data. 

Practical Workshop
New credit option for 2019

Our training courses credits could provide a more flexible payment option. Call 0116 258 1200 to find out more or visit our credits page.

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