An Intensive 5-day Training Course
International Standards in Auditing (ISA) and Practical Application in the Audit Process
Ensuring Audit Quality through Application of International Standards
INTRODUCTION
This comprehensive EuroMaTech training course looks in depth at the International Standards in Auditing and the practical application thereof in the external audit planning process and audit engagement.
The International Standards in Auditing training course seeks to provide participants with skills and knowledge needed to perform the vital function of the audit program and subsequent reporting in compliance with international standards. Participants will add value to their organisation by formalising and updating their skills and learning the most up-to-date processes and a number of applicable best practices pertaining to the audit process.
Participants on the International Standards in Auditing training course will develop the following competencies:
- Technical knowledge of the International Standards in Auditing
- Practical application of the International Standards in Auditing
- Recognize the role of the external auditor in adding value
- Appreciating the responsibilities of the external auditor
- Effective drafting of audit and management reports
- How to use Internal Controls’ evaluation to formulate external audit procedures
- Doing an organisational risk assessment
TRAINING OBJECTIVES
As a result of completing the International Standards in Auditing training course, all participants will improve their knowledge, understanding and practical implementation of International Standards of Auditing, with the following benefits:
- Knowledge of the technical detail of the standards
- Understanding the practical implementation of the standards
- Skill to confidently apply the standards in their audit planning and engagement
- Compliance to audit regulations
- Understanding the role and responsibilities of the external auditor
- Skills to draft audit and management reports
- Understanding the Internal Controls environment
- Appreciating the impact of the controls environment on the external audit
WHO SHOULD ATTEND?
The International Standards in Auditing training course is designed for those that have a practical knowledge of audit procedures, who have been involved in their organisation’s audit process or who wish to broaden their professional technical skills. It would suit the following:
- External auditors who wish to develop their technical skills and compliance
- Internal auditors who wish to understand their role in the external audit process
- Accountants who wish to understand the scope of the external audit and their role
- Financial executives who wish to gain a better understanding of the regulatory audit environment
- Any other professional involved in the preparation for the audit process or the conducting of audit procedures
TRAINING METHODOLOGY
This International Standards in Auditing EuroMaTech training course is delivered as a hierarchy of related but separate modules and proceeds in a systematic interactive manner using lectures, lessons learned, practical examples, video materials, case studies, shared participant experiences and practice sessions and assessments. Participants will partake in group activities as well as individual exercises.
TRAINING SUMMARY
This comprehensive International Standards in Auditing training course will enable each participant to appreciate and understand the basics and certain complexities associated with international standards of auditing, along with topic terminology, concepts and applications.
TRAINING OUTLINE
Day 1 : International Standards in Auditing
- Overview of International Standards in Auditing
- Respective responsibilities (ISA 200-)
- Audit planning (ISA 300-)
- Internal control (ISA 400-)
- Audit evidence (ISA 500-)
- Work of external experts (ISA 600-)
- Audit conclusion and report (ISA 700-)
- Background to International Financial Reporting Standards (IFRS)
Day 2 : Role of the External Auditor and Format of Audit Report
- Role of the external auditor
- ISA 200
- Professional code of the external auditor
- Overall objectives of independent auditor
- Auditors responsibility
- Understanding the entity and its environment
- Obtaining sufficient evidence to form an opinion
- Independence
- Formulation of audit reports
- ISA 700:
- Audit reports: purpose, function and structure
- Management report and implementation of recommendations
- Management representation letter
Day 3 : Internal Controls and Audit Planning
- Internal controls
- ISA 400
- Corporate governance
- Internal control environment
- Audit planning
- ISA 300:
- Engagement evaluation
- Analytical review
- Materiality assessment
- Inherent risk assessment
- Fraud risk assessment
- Audit plan and strategy
- Overview of risk based audit principles
Day 4 : Audit Engagement
- Principles of substantive testing
- Applicable audit assertions
- Applying ISA 500:
- ISA 500: Audit evidence
- ISA 510: Initial Engagements – Opening Balances
- ISA 520: Analytical Procedures
- ISA 530: Audit Sampling and Other Means of Testing
Day 5 : Audit Engagement (Cont.)
- Applying ISA 500:
- ISA 540 Auditing Accounting Estimates, including Fair Value Accounting Estimates and Related Disclosures
- ISA 550 Related Parties
- ISA 560 Subsequent Events
- ISA 570 Going Concern
- ISA 580 Written Representations
CALL ME BACK
Do you wish for us to conduct this course at your premises?
Discover In-House Solutions
ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
What makes EuroMaTech a leader in professional training?
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
How can I register for a EuroMaTech training course?
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
Does EuroMaTech offer international training courses?
Yes, EuroMaTech delivers training courses in major cities worldwide, including locations across Europe, Asia, Africa, and the Middle East, in addition to its extensive presence in Dubai.
Where are EuroMaTech’s training courses held?
EuroMaTech conducts its training courses at prestigious venues across Dubai and other major international cities. Additionally, virtual training options are available, allowing participants to join courses remotely from anywhere in the world.
What ISO training courses does EuroMaTech offer?
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
How does EuroMaTech ensure the quality of its training courses?
EuroMaTech ensures the highest standards by:
- Partnering with globally recognized accrediting bodies such as ILM, CPD, PMI, NEBOSH, and HRCI.
- Designing training courses with a focus on practical, real-world applications.
- Using experienced instructors with industry expertise.
- Continuously updating course content to reflect current trends and best practices.
Does EuroMaTech provide customized corporate training courses?
Yes, EuroMaTech specializes in tailored corporate training courses designed to meet the unique needs of organizations. These customized courses are ideal for businesses seeking to upskill teams across different departments or regions.
How many professionals have attended EuroMaTech’s training courses?
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
What industries does EuroMaTech serve through its training courses?
EuroMaTech provides specialized training courses for a wide range of industries, including:
- Oil & Gas
- Energy & Power
- Construction & Infrastructure
- Banking & Finance
- Healthcare
- Telecommunications
- Logistics & Supply Chain
- Aviation & Aerospace
- Government & Public Sector
- Hospitality & Tourism
- Information Technology & Cybersecurity
- Human Resources & Talent Management
Are EuroMaTech’s training courses accredited?
Yes, EuroMaTech’s training courses are accredited by globally recognized institutions, ensuring high-quality, internationally respected certifications. Key accreditations include:
- ILM (Institute of Leadership & Management)
- CPD (Continuing Professional Development Certification Service)
- PMI (Project Management Institute)
- NEBOSH (National Examination Board in Occupational Safety and Health)
- HRCI (Human Resource Certification Institute)
What types of training courses does EuroMaTech offer?
EuroMaTech offers a diverse portfolio of training courses designed to meet the needs of professionals at all levels. These include:
- Leadership & Management Development Training
- Technical & Engineering Training Courses
- Project & Risk Management Training
- Health, Safety & Environmental (HSE) Training
- Finance & Accounting Training Courses
- ISO Compliance & Certification Training
- Human Resources & Talent Management Training
- Soft Skills & Communication Training Courses
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
