Practical Audit Training

Overview


Helping trainee accountants understand the audit process with a view to improving audit efficiencies is vital in today’s business environment.

This training covers the entire audit process in a structured manner that best coincides with the responsibilities and job tasks that a trainee is exposed to (and expected to undertake) throughout the various stages of their training contract.

Modules make use of interactive group discussions with integrated questions, real-world case studies and an assessment quiz to ensure all trainees leave with an in-depth understanding of the issues covered.

These sessions are all going to be available via on-line learning only.

Available Courses

Basic Courses Content

Basic Audit Procedures (BAP) Course 1:

Preparation of audit work papers, identification of relevant financial statement assertions that need to be tested, directional testing (to improve audit efficiencies), the quality and types of audit evidence, and audit work on classes of transactions are all covered.

This is an essential course to establish the fundamental principles behind auditing. It is imperative that trainees understand these fundamentals before letting them loose on audit clients!

Fees

This is a two-day on-line course. The cost in 2025 is R2 500 per participant (was R2 400 in 2024). These costs are exclusive of VAT.

Bookings

Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your enquiry and we will contact you shortly…

    Upcoming course dates:

    2025-Feb-17 - 2025-Feb-18 - On-line Training Session (with Graeme)
    2025-Mar-3 - 2025-Mar-4 - On-line Training Session (with Theana)

    Basic Audit Procedures (BAP) Course 2:

    Typical year-end audit procedures for specific account balances are dealt with. These are:

    • Cash & cash equivalents – the procedures to audit these balances.
    • Inventory – Preparing for inventory counts and the procedures to perform during the audit.
    • PPE – Audit work done on additions, disposals, depreciation, reconciliations to fixed assets register and general ledger, and impairment of assets.

    This course builds on the fundamentals learned in BAP 1 and teaches trainees how to apply those fundamentals to the audit of specific year-end account balances.

    Fees

    This is a two-day on-line course and fees in 2025 are R2 500 (ex VAT) per participant.  (Was R2 400 in 2024).

    Bookings

    Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your inquiry and we will contact you shortly…

      Upcoming course dates:

      2025-Apr-7 - 2025-Apr-8 - On-line Training Session (with Theana)
      2025-Aug-4 - 2025-Aug-5 - On-line Training Session (with Graeme)

      BAP 3 is the 2nd part of what we started working on in BAP 2. We now turn our attention to the more complex account balances with a focus, again, on understanding the fundamentals of the assertions and directional testing and seeing how these principles drive the audit procedures for these account balances.  We also cover the principles in IFRS 9 and how these affect the audit of year-end balances.

      Basic Audit Procedures (BAP) Course 3 covers further year-end audit procedures for specific account balances. These include:

      • Receivables – Audit of trade receivables
      • Payables – Audit of trade payables.
      • Provisions/Liabilities – Audit of provisions, accruals, and other liabilities.
      • Investments – Audit work on both listed and unlisted investments as well as the associated costs and dividend income.

      Fees

      This is a two-day on-line course and the fees in 2025 are R2 500 per person (ex VAT) for the 2 day session (Was R2 400 in 2024).

      Bookings

      Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your inquiry and we will contact you shortly…

        Upcoming course dates:

        2024-Nov-11 - 2024-Nov-12 - On-line Training Session (with Theana)
        2025-Jun-30 - 2025-Jul-1 - On-line Training Session (with Theana)
        2025-Aug-18 - 2025-Aug-19 - On-line Training Session (with Graeme)

        Advanced Courses Content

        Advanced Audit Procedures (AAP) 1 covers:

        • Substantive procedures – including the use of predictive analytical review procedures and the use of sampling techniques.
        • Training in how to develop strong predictive analytical reviews as a viable, cost-effective alternative to extended tests of detail.
        • How to determine appropriate (and justifiable) sample sizes for substantive procedures.
        • How to make selections and how to evaluate the results of these tests.

        Fees

        This is a two-day on-line course and fees in 2025 are R2 500 per participant (ex VAT) for the 2-day workshop (Was R 2 400 in 2024).

        Bookings

        Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your inquiry and we will contact you shortly…

          Upcoming course dates:

          2024-Nov-18 - 2024-Nov-19 - On-line Training Session (with Graeme)
          2025-Jan-27 - 2025-Jan-28 - On-line Training Session (with Graeme)
          2025-Mar-13 - 2025-Mar-14 - On-line Training Session (with Theana)
          2025-Nov-10 - 2025-Nov-11 - On-line Training Session (with Graeme)

          Advanced Audit Procedures (AAP) 2 covers:

          • Issues to be included in the formulation of an audit plan for any audit.
          • Obtaining/updating the understanding of an entity.
          • Evaluating the risk of material misstatement at both the AFS and account balance level (including the risk of fraud and error).
          • Determination of planning materiality
          • Determining the most efficient audit approach and documenting the planning process.
          • Setting audit budgets

          This training incorporates the revised ISA 315 requirements.

          Fees

          This is a two-day on-line course and fees in 2025 are R2 500 per participant (ex VAT) for the 2-day workshop (Was R 2 400 in 2024).

          Bookings

          Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your inquiry and we will contact you shortly…

            Upcoming course dates:

            2024-Nov-4 - 2024-Nov-5 - On-line Training Session (with Theana)
            2025-May-5 - 2025-May-6 - On-line Training Session (with Graeme)
            2025-Mar-31 - 2025-Apr-1 - On-line Training Session (with Theana)

            Advanced Audit Procedures (AAP) 3 covers:

            This course focuses on the finalisation activities performed while completing the audit and also addresses a few topics not covered elsewhere.  Content covered includes the following:

            • Subsequent events reviews.
            • Management representation letters.
            • Communication of significant deficiencies in internal control.
            • Evaluation of going concern.
            • Evaluation of uncorrected misstatements.
            • The Audit Report.
            • Reportable irregularities.
            • Quality management in an audit.
            • Independent reviews.

            Often, not enough time is allocated to the completion stage of an audit and trainees need a good understanding of the ISA requirements in this regard.

            Fees

            This is a two-day on-line course and fees in 2025 are R2 500 per participant (ex VAT) for the 2-day workshop (Was R 2 400 in 2024).

            Bookings

            Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your inquiry and we will contact you shortly…

              Upcoming course dates:

              2025-Apr-16 - 2025-Apr-17 - On-line Training Session (with Theana)
              2025-May-26 - 2025-May-27 - On-line Training Session (with Graeme)
              2025-Nov-24 - 2025-Nov-25 - On-line Training Session (with Theana)
              2024-Dec-2 - 2024-Dec-3 - On-line Training Session (with Theana)

              Advanced Audit Procedures (AAP) 4 covers:

              • What understanding of a company’s information systems and related control activities is required in terms of the ISA.
              • Providing trainees with an understanding of how best to analyse, and document information systems and related control activities in the most time-efficient manner.
              • How to design and perform tests of control where this is seen to be the most cost-effective audit approach.

              Fees

              This is a two-day on-line course and fees in 2025 are R2 500 per participant (ex VAT) for the 2-day workshop (Was R 2 400 in 2024).

              Bookings

              Please contact your regional programme manager for more information or to arrange custom training for your organisation OR give us your details below together with your inquiry and we will contact you shortly…

                Upcoming course dates:

                2025-Jul-14 - 2025-Jul-15 - On-line Training Session (with Graeme)
                2025-Sep-1 - 2025-Sep-2 - On-line Training Session (with Theana)

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