CPA Advanced Audit and Assurance

After successfully completing this course, you will be able to:

• Understand and apply the framework for assurance engagements in audit, review engagements and other assurance engagements.
• Apply the standards to assurance engagements, and the fundamental ethical principles for the auditing profession. Explain the responsibilities of management and the auditor in relation to an audit.
• Evaluate historical financial information and design audit procedures to be undertaken by auditors.
• Evaluate the indicators of potential fraud, recommend a course of action, and apply the relevant auditing standards to the assessment for fraud and going concern.
• Evaluate the sufficiency and appropriateness of the audit evidence gathered and apply the appropriate standards that impact the auditor’s report and the auditor’s opinion.
• Evaluate circumstances that may give rise to modifications to the auditor’s report or the auditor’s opinion and describe the various types of assurance engagements.