The ISA Training Course is a complete program for auditing that teaches the entire framework of the ISAs as published by the IAASB. This program goes through the application of the ISAs at each stage of the audit process including client acceptance, planning, execution, report writing, and audit completion. The training also teaches participants the structure of how the ISAs relate to providing high quality audits, using professional judgment, meeting ethical standards, and performing audits in a consistent manner in different jurisdictions and industries.
The Financial Audit Training Course, was developed by Imperial Corporate Training Institute, is both a technical and business perspective of the ISAs with an emphasis on both understanding the theory of the ISAs (i.e., regulations), as well as their real life business applications. Therefore, this course develops the participants’ understanding of what ISAs mean from a theoretical and technical aspect and how to apply them in practice by providing examples of how ISAs are implemented in an audit. In this regard, this training course will be extremely useful to any professional that performs statutory audits, internal audits, compliance reviews, or assurance engagements, and is expected to perform their role as an auditor, in accordance with International Best Practices.
Objectives
By the end of this International Standards on Auditing (ISA) Training Course, participants will be able to:
- To know the structure, purpose and aim of International Standards on Auditing
- How to Interpret the International Standards on Auditing (ISAs) during the audit planning, performance and conclusion phases
- The application of a risk-based approach in accordance with the International Standards on Auditing (ISAs)
- How to effectively assess internal control systems and evaluate audit risk
- How to design effective audit procedures based upon the assessed risk
- How to obtain and evaluate sufficient appropriate audit evidence
- To apply professional judgment and professional scepticism throughout the audit process
- How to understand the responsibilities of auditors pertaining to fraud and to laws and regulations
- How to develop an audit file that conforms to the quality and compliance standards established by the International Standards on Auditing (ISAs)
- How to develop audit opinions and prepare audit reports in accordance with the standards outlined in the International Standards on Auditing (ISAs) 700 series
- How to understand the quality control management requirements established in International Standard on Auditing (ISA) 220 and related International Standards on Auditing
- How to align auditing practices with ethical and independence requirements established in the International Standards on Auditing (ISA).
Target Audience
This course is suitable for professionals who are involved in or preparing for audit and assurance responsibilities, including:
- External auditors and statutory audit professionals
- Internal auditors seeking alignment with International Standards on Auditing
- Audit managers and audit supervisors
- Finance managers and financial controllers
- Risk and compliance professionals
- Chartered accountants, ACCA, CPA, and CA candidates
- Public sector auditors and government audit professionals
- Professionals working in accounting and audit firms
- Corporate finance and governance professionals
- Professionals transitioning into audit or assurance roles