Audit Learning Suite

This session will focus on the collection of relevant and reliable audit evidence when conducting an audit under ISAs. It will provide an overview of what constitutes sufficient appropriate audit evidence. It will also delve into the process undertaken by the external auditor in designing and performing external confirmation procedures to obtain relevant and reliable audit evidence. Special focus will be devoted to analytical procedures, which includes providing an overview of the Step Model adopted by the external auditor in performing analytical procedures to obtain sufficient appropriate audit evidence.

This session will start with a brief outline of the general requirements of auditor reporting and will then focus on other specific areas, such as Key Audit Matters and the modifications that are applicable in different scenarios. A discussion will then follow on the implications of COVID-19 on auditor reporting.