Effective compliance with auditing standards is a challenge for many firms but very important in view of the increasingly tough approach adopted by ICAEW and ACCA inspectors. This popular course will provide a file reviewer’s perspective of all the things that have to be done when completing an SME audit and where audit documentation often goes wrong. Topics covered will include:

• Key do’s and don’ts when identifying risks and setting materiality at the planning stage
• Considerations for determining an effective approach
• How to approach audit sampling and what to avoid
• Key audit tests – how to perform and document them efficiently and effectively
• How to approach the going concern and subsequent events reviews
• Common issues on audit cold file reviews and how to prevent them happening