Audit of Financial Statements

0 + Students

Language: Urdu / Hindi

Bestseller

0 + Students

Language: Urdu / Hindi

0 + Students

Language: Urdu / Hindi

ABOUT THE COURSE:

1- Understand the Business Activity – (Process Flow)
2- Understand the control environment & Identify ROMMs
3- Perform control testing to check design & Operating Effectiveness of Controls
4- Decide NTE of substantive Testing based on results of Control Testing
5- Perform Substantive Testing
6- Conclusion & Reporting

ABOUT THIS COURSE :

1. Understand Business Activity (Process Flow)
2. Assess Control Environment & Identify ROMMs
3. Test Control Design & Effectiveness
4. Determine NTE of Substantive Testing
5. Conduct Substantive Testing
6. Conclude & Report

This Course Includes:

This Course Includes:

Course Content

•  Course Introduction & Materiality Test

•  Audit Tools

• Cash & Bank and Financial Investments 

• Walkthrough, Testing,  Working paper Formation

•  Operating Expenses and Creditors

•  Revenue: Confirmations + Debtors

•  Fixed Assets, closing stock:

• Floor to Sheet, Sheet to Floor, Share Capital testing

•  Payroll testing, Actuarial testing

•  Payroll testing, Actuarial testing

• Borrowings, Prepaid Exp. impairment Testing

• Provisions, Cap Commitments, Stat dues

• Off Balance Sheet items, JV Testing

• Checking for Divergences, Variance & Ratio Analysis- Part I

• Checking for Divergences, Variance & Ratio Analysis- Part II

• Reporting, CARO, Internal Financial Controls

• Special Session- Bank Audit

•  Practical Workings Conclusion, Course Highlights & Key Pointers

Course Content

•  Course Introduction & Materiality Test

•  Audit Tools

• Cash & Bank and Financial Investments 

• Walkthrough, Testing,  Working paper Formation

•  Operating Expenses and Creditors

•  Revenue: Confirmations + Debtors

•  Fixed Assets, closing stock:

• Floor to Sheet, Sheet to Floor, Share Capital testing

•  Payroll testing, Actuarial testing

•  Payroll testing, Actuarial testing

• Borrowings, Prepaid Exp. impairment Testing

• Provisions, Cap Commitments, Stat dues

• Off Balance Sheet items, JV Testing

• Checking for Divergences, Variance & Ratio Analysis- Part I

• Checking for Divergences, Variance & Ratio Analysis- Part II

• Reporting, CARO, Internal Financial Controls

• Special Session- Bank Audit

•  Practical Workings Conclusion, Course Highlights & Key Pointers