Audit Completion

Procedures & Documentation

Overview:

When the fieldwork phase of an audit is completed, there are several crucial steps to follow to finalise the audit file and ensure that there is sufficient appropriate audit evidence to support conclusions reached and the audit report to be issued. It is very important to consider and draw appropriate conclusions on subsequent events, going concern and unadjusted misstatements. Reporting control deficiencies to those charged with governance does not always receive adequate attention. Non-compliance identified is not always appropriately considered and reported to the relevant parties. Missing or incorrectly performing some of the audit completion steps may result in an inappropriate audit report.

This training will give participants an understanding of the audit completion procedures and related documentation.

Content and outline:

To explain the following concepts and demonstrate their practical application:

• Subsequent events
• Going concern
• Final analytical review
• Non-compliance with laws and regulations
• Unadjusted misstatements
• Control deficiencies and reporting to management and/or those charged with governance
• Concluding
• Audit report

Certification:

Upon completion of the training, participants will receive a verifiable attendance certificate.