InPractice Software Ltd

Audit File	Exempt Audit File	Why not at ACCA?
Financial Stmt Production	Mgt Consultancy Tools	10 Tips for Success
Spot the Fraud	Your topic?	Speaker's Fees

Auditing: The Cost-Effective Method
Speaker: JAFFER MANEK FCCA FCEA
Registered Auditor, Speaker & Technical Writer

Seminar suitable for:
Audit Partners
Sole Practitioners
Audit Staff
Financial Controllers

AUDIT PLANNING
• Good timing for the planning
• Previous year’s experience
• Understanding the client
• Risk assessment
• Internal Control assessment
• Setting materiality
• Writing Planning Memorandum
• Preparing the time budget
• Staff briefing
• Avoid over-auditing C.A.R.P.I.T.
• Case Study

• Lecturing, discussion 3 hours
• Case Study, Q & A 3 hours

AUDIT FIELD WORK
• Work sequence for efficiency
• Supervision, Control
• Auditing in isolation
• Avoid under-auditing C-MOVED
• Layout of audit test
• Link with overall summary
• Systems tests - relevant?
• Sampling - how useful?
• Conditioned by bad habits
• Directional testing
• Case Study: Debtors, Bank, Cash

• Lecturing, discussion 3 hours
• Case Study, Q & A 3 hours

AUDIT COMPLETION
• Quality of review notes
• Writing the Overall Summary
• Letter of Representations
• Weakness Letter
• Points forward to next year
• Staff appraisal
• First Partner Review
• Hot Review/Cold Review
• Audit opinion reasoning
• Wording of qualification
• Sign-off and exit

• Lecturing, discussion 3 hours
• Case Study, Q & A 3 hours