1. Describe the general principles and responsibilities involved in performing an audit of historical financial information including group financial statements.
2. Assess the risks of material misstatement in the financial statements and consider the effect on the audit strategy.
3. Identify significant audit risks including different types of cyber risks.
4. Demonstrate how an auditor can use Information and Communication Technology (ICT), including data analytics tools to identify audit risk and its mitigating controls in an organization.
5. Conclude how specified internal controls mitigate risks including cyber risks and improve cyber security.
6. Identify relevant and reliable audit evidence, to form judgments, make informed decisions, and reach well-reasoned conclusions. Explain how contradictory audit evidence may affect judgments, decisions, and conclusions.
7. Analyze the adequacy of ICT processes and controls and identify improvements including using data analytics.
8. Conclude whether sufficient and appropriate audit evidence has been obtained and documented.
9. Apply requirement of International Standards of Auditing to group audit, using work of internal audit and work of auditor’s expert.
10. Apply requirement of International Standards of Auditing relating to consideration of laws and regulations in an audit of financial statements
11. Apply the requirements of International Standards of Auditing relating to going concern.
12. Apply the requirements of International Standards of Auditing relating to related parties.
13. Apply the requirements of International Standards of Auditing relating to written representation.
14. Apply the requirements of International Standards of Auditing relating to subsequent events.
15. Apply audit considerations relating to an entity using a service organization.
16. Apply the requirements of IFRS relating to various accounting and reporting matters in integrated environment.
1. Conclude and report audit opinion on financial statements.
2. Communicate key audit matters, modifications to the opinion, material uncertainty related to going concern, the emphasis of matter paragraphs and other matter paragraphs in independent auditor’s report.
3. Apply requirement of International Standards of Auditing relevant to comparative information and the auditor’s responsibilities relating to other information.
1. Explain special consideration regarding audit of financial statements prepared in accordance with special purpose frameworks.
2. Explain special consideration regarding audit of single financial statements and specific elements, accounts or items of financial statements.
3. Apply requirement of International Standards of Auditing to engagement to report on summary financial statements.
4. Plan, perform, conclude on and report on review engagements of historical financial statements.
5. Plan, perform, conclude on and report on assurance engagements other than audits or review of historical financial information.
6. Plan, perform, conclude on and report on prospective financial information.
7. Plan, perform, conclude on and report on controls at a service organization used by a client including assessing the design and implementation of IT general controls and application controls at service organizations.
8. Plan, perform, conclude on and report on greenhouse gas statement.
9. Perform assurance engagements to report on the compilation of Pro Forma Financial Information included in Prospectus.
10. Plan, perform, conclude onand reporton engagement to perform agreed-upon procedures.
11. Plan, perform, conclude on and reporton compilation engagements.
1. Apply the requirements of the Code of Ethics on complex scenarios to advise on appropriate ways of addressing an ethical threat.
2. Apply the requirements of quality control for audits of financial statements and for firms that performs audits and reviews of financial statements and other assurance and related services engagements.
3. Apply the requirements of applicable laws for professional misconduct on given scenarios.
Teacher
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Tag Region’s Prize Winner (SBL)
Evaluate and manage the most complex audit engagements in a data-driven world. This course focuses on the advanced application of ISAs, quality management, and data analytics to conduct high-quality audits of large-scale enterprises and specialized entities.