Effective compliance with auditing standards is a challenge for many firms but is crucial in view of the increasing focus on audit quality and robust monitoring by ICAEW and ACCA inspectors. This popular course will provide a file reviewer’s perspective on the key areas when completing an SME audit and where audit documentation often goes wrong. Topics covered will include: Considerations for setting materiality and performance materiality, Do’s and don’ts when identifying risks, Considerations for determining an effective testing approach, Audit sampling and common problems to avoid, How to perform and document testing in key areas such as revenue and journals, How to approach the going concern and subsequent events reviews, Common issues on audit cold file reviews and how to prevent them happening