Practical Auditing Problems (ROI)

While many areas of audit fieldwork are routine, this course will cover the common weaknesses encountered in more complex or unusual cases as well as the methods and techniques to be employed to prove particular assertions.

The course consists of a mixture of formal lecturing, case studies and discussions designed to highlight a range of common problem audit areas such as:

• Causes of inefficiency within audit fieldwork
• Demonstrating professional scepticism
• Fixed assets (including intangible, investments and impairment reviews)
• Stock and work in progress
• Income recognition and completeness of income testing
• Related party transactions and directors' benefits
• Provisions
• Laws and regulations
• Going concern and subsequent events