1. Presentation

    2. Recording

About this course

  • $192.00
  • 2.5 CPD hours
  • October 20, 2023

Course description

There are areas that auditors may struggle with in performing audit engagements. This is because the standards are not well understood or there are challenges in applying them, especially in the context of a less complex entity.

This course will address hot topics in auditing standards including CAS 230 Documentation, CAS 240 Fraud, CAS 260 Communication with TCWG, CAS 315 Identifying and Assessing Risk, CAS 500 Evidence, CAS 530 Sampling, CAS 540 Estimates and CAS 700 Reporting.

Through an exploration of the standards, illustrative examples and guidance on practical application you will strengthen your ability to conduct an effective and efficient engagements.

Learning objectives

By the end of the session participants will be able to:

  • Implement effective strategies in performing audit engagements
  • Describe auditor’s responsibilities related to fraud and required procedures
  • Develop an efficient approach to documenting the design and implementation of controls
  • Identify and assess the risk of material misstatement and recognize two required significant risks
  • Distinguish differences between tests of control, analytical procedures and tests of detail
  • Explain and implement the concepts of sampling
  • Develop an efficient approach to auditing estimates
  • Identify reporting requirements including emphasis and other matter paragraphs
  • Strengthen documentation in engagement files

    • Instructor(s)

    Kirsten Albo

    FCPA, FCA, ICD.D, President of ASK KSA Consulting Inc.

    Kirsten has over 30 years of experience in public practice and uses her knowledge and expertise to provide practical solutions to help firms meet the requirements of being in public practice.

    Kirsten gained her experience in public practice as an assurance partner at PricewaterhouseCoopers LLP. She was the partner on many public and private companies operating in a variety of industries. Her clients included Air Canada, Northwest Company and Winpak. Kirsten has a strong technical background and the ability to deal with complex matters. It is this experience she now brings to her clients.

    She has in-depth technical knowledge as she has faced extensive assurance and accounting issues. There are very few issues she has not encountered. And, having been subject to many internal and external file inspections she knows the challenges SMPs can encounter and appreciates where they can save time without sacrificing quality. When resolving issues, Kirsten is known for her practical approach and ability to provide useful advice. She is a good sounding board and helps practitioners address risk and make practical business decisions.