Understanding Audit Phases: Further Audit Procedures
Once risks have been identified, auditors must design and execute the right further audit procedures to obtain sufficient and appropriate audit evidence. This course provides a practical approach to performing further audit procedures in accordance with AU-C Section 330, ensuring that auditors effectively respond to assessed risks.
Attendees will explore the different types of further audit procedures, including tests of details, substantive analytical procedures, and tests of controls, and know how to determine the most appropriate approach based on the level of risk. We will also break down the key differences between attribute and variable sampling, helping participants understand when and how to apply each method.
Upon completion, learners will be able to:
1. Recall the requirements of AU-C Section 330
2. Recognize the various substantive procedures that can be performed to gather evidence during an engagement
