
The Course
Dive deep into the complexities of the auditing world with this dynamic course that zeroes in on the nitty-gritty of audit and assurance services. You'll get to grips with advanced concepts like audit planning, risk assessment, regulatory compliance, and the latest in auditing technology. From simulations of real-life audit situations to analyzing case studies of infamous accounting scandals, you'll sharpen your investigative skills, learning to spot errors, fraud, and compliance issues with the eagle-eyed precision of a seasoned pro.
But why stop at theory when you can see the action unfold in the real world? This course isn't just about crunching numbers and ticking boxes; it's about understanding the strategic impact of audits on a business's financial health and reputation. You'll come away with the kind of hands-on experience that lets you hit the ground running, ready to provide top-notch audit services or expertly navigate the complexities of assurance processes in any industry you choose to leap into. Your future in finance starts here, with the tools and confidence to make a tangible difference.
What you will learn
As someone with a genuine passion for delving into the intricacies of the audit world, I meticulously designed this course to ensure it serves as a solid stepping-stone for your journey into advanced audit and assurance practices. Recognizing that foundational knowledge is key, the structure of our sessions is established to build upon your existing skills, layer by layer, introducing more complex concepts in a manageable and engaging way. This is not your typical dry, lecture-heavy course. Expect to be actively involved, applying what you learn through real-world case studies and simulations that reflect the latest industry standards and practices. By blending theory with practice, I've aimed to provide you with not just knowledge, but also the confidence and competence to tackle the challenges you'll face in the professional world, setting a strong foundation for your career in audit and assurance.
Curriculum
- 1. Confirming that the pre-conditions for an audit are present
- 2. Determining whether the auditor wishes to establish a new engagement with the client or continue an existing relationship
- 3. Evaluating whether a legal vacancy exists or not
- 4. Evaluating skills, competence and resources
- 5. Evaluating the integrity of management
- 6. Evaluating ethical considerations
- 7. Formalizing the terms of the engagement
- 1. Important definitions relating to risk assessment
- 2. Risk Assessment Procedures and Related Activities
- 3. Obtaining an Understanding of the Entity and Its Environment, the Applicable Financial Reporting Framework and the Entity’s System of Internal Control
- 4. Identifying and Assessing Risks of Material Misstatement at the Financial Statement Level
- 5. Assessing the risk of material misstatement at the assertion level

Your instructor
Masoom Alli CA(SA) brings to the table an extensive background in audit and assurance, underpinned by years of hands-on experience in the field, and bolstered by the prestigious designation of Chartered Accountant (South Africa). With real-world insights from serving a diverse portfolio of clients, I have navigated through complex financial landscapes that demand not only technical expertise but also a deep understanding of regulatory frameworks and ethical considerations. This practical experience is the bedrock upon which I build my teachings, ensuring that the theoretical aspects of the course are always illustrated with practical examples from the industry.
My dedication to the field of audit and assurance is reflected in the vigor with which I engage with the subject matter of AUE4862: Advanced Audit and Assurance. I am deeply committed to fostering a learning environment where students are encouraged to explore the intricacies of auditing standards, risk assessments, and assurance services with a critical eye. The passion I hold for the subject comes from a belief in the importance of transparency and accountability in financial reporting, and it is this zeal that I aim to impart to my students, with the hope of inspiring the next generation of auditors to uphold and advance the standards of our profession.

Comprehensive
Covering the Spectrum of Audit and Assurance

Innovative
Emerging Trends in Auditing Technology

Strategic
Critical Thinking in Audit Risk and Decision-Making