What you'll learn:
- • Key Audit Procedures - Substantive Audit Procedures utilized for the balance sheet while using Microsoft’s financial statements to explain these concepts
- • Audit Considerations - Materiality, Fraud, Going Concern, Audit Assertions, Controls vs Substantive Approach, use of a Specialist and other such considerations
- • Key Audit Matters - Critical Audit Matters and Risk Areas to explain ‘What Auditors Look For’
What Makes this Course Different?
1) Demystify’ the External Audit Process
We will explain in simple terms the key concepts of the Audit Process
2) Understand ‘What Auditors Look For’
We will learn and gain the perspective of an External Auditor
3) Learn through ‘Real Examples’
We will utilize Microsoft Corporation’s Financial Statements throughout the course to explain these concepts
In this course, we will cover the following topics:
A) Key Audit Procedures by Account
Substantive Audit Procedures
Assets & Liabilities
Microsoft Corporation
B) Audit Considerations
Going Concern Assumption
Financial Statement Assertions
Materiality
Controls vs Substantive Approach
Use of a Specialist
Fraud Considerations
C) ‘What do Auditors’ look for?
Key Audit Matters & Risk Areas
