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CAF 8 – Audit and Assurance

By M. Sajid Kapadia

This course is designed to provide students with equips the mindset, skills, procedures, conduct and reporting requirements as laid under International Standards on Auditing (ISAs) and local law.

Description

COURSE DESCRIPTION

This online course of Audit & Assurance is designed to provide students with the fundamental concept of auditing, its importance and need throughout their practical lives. The course equips students with the mindset, skills, procedures, conduct and reporting requirements as laid under International Standards on Auditing (ISAs) and local law. Students are also familiarized with different engagements forms and assurance thereupon, client information system and IT controls relevant to financial reporting. The course also require students to understand and adhere to the fundamental principles of audit and assurance as mentioned in the code of Ethics in all of their professional dealings including client acceptance and continuance.

INSTRUCTOR

M. SAJID KAPADIA

M. Sajid Kapadia is a renowned Chartered Accountant (ACA), Fellow Chartered Certified Accountant (FCCA) and Public Financial Accountant (APFA). He has been engaged in the teaching field since last 20 years and specializes in the teaching Audit & Assurance of both CA ( PK) and ACCA (UK)

He is currently the Principal & M.D of one of the leading RAETs in Karachi. He was previously associated with Lakson Group, Siemens Pakistan and Ernst & Young. He is currently serving in 02 committees of ICAP including PAIB ( Professional Accountants in Business)and ETCOM (Education and Training committee).He has been a Public speaker and a Motivational speaker for the last 20 years and has a student base of more than 25,000 and 1,500 Qualified Chartered Accountants being his Alumni. He has conducted numerous sessions on presentation and communication skills, self grooming and train the trainer sessions

Course Curriculum

COURSE CURRICULUM

  • Basic Concepts of Audit and Assurance
  • ISA 210 – Engagement Letter
  • ISA 500 – Audit Evidence
  • ISA 230 – Audit Documentation/ Working Papers
  • ISA 320 – Materiality
  • ISA 700 (Revised), 701, 705 &706 – External Audit Report
  • ISA 701
  • ISA 560 – Subsequent Events
  • ISA 570 – Going Concern
  • ISA 300 – Planning an Audit
  • ISA 315 – Audit Risk (Theoretical Part)
  • ISA 315 – Audit Risk (Practical Part)
  • ISA 315 – Audit Risk (With Accounting Ratios)
  • ISA 315 – Audit Risk – Understanding the entity and its environment
  • ISA 315 – Audit Risk – Not for profit Organization (NPO)
  • Test of Controls (T.O.C)
  • Internal Control
  • Internal Audit Department / Function
  • ISA 610 – Using the work of Internal Auditors
  • ISA 620 – Using the work of an Auditor’s expert
  • Interim and Final Audit
  • Substantive Procedures
  • ISA 520 – Analytical Procedures
  • ISA 580 – Management/ Written Representation
  • ISA 550 – Related Parties
  • ISA 240 – Fraud and Error
  • ISA 530 – Sampling
  • ISRE 2400 – Review Engagement
  • Code of Ethics
  • Concept of Tender
  • IT Concepts
  • Company Law Sections
  • Audit Flowcharts
  • Concept of IFAC
  • Internal Control
  • ISA 610 – Using the work of Internal Auditors
  • ISA 620 – Using the work of an Auditor’s expert

Student's Testimonial's