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The Practical Aspects of Audit Planning

Learning the Best Practices and Avoiding the Potential Pitfalls

Expert Speaker Yeo Ek Khuan

$428.00 (including GST)

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Overview

This programme is part of the Professional Skills Series, designed specifically to give Auditors valuable insights on the appropriate procedures and actions to be taken when planning an audit assignment. Drawing from his vast audit experience, the Trainer will also share practical tips on how to avoid the common pitfalls during audit planning.

What You Will Learn

At the end of this workshop, you will:

  • Have a practical understanding of the common issues faced when planning an audit assignment
  • Learn what the common pitfalls are in audit planning, and how to avoid or address them
  • Learn how to apply the Good Practices when planning your audit 

Programme Outline

  • Introduction
  • Auditing Standards Overview
  • The Engagement Letter
  • Why do we need to document our Audit Procedures and Audit Evidence?
  • Why are Audit Planning and Risk Assessment so important?
  • Materiality: Audit vs. Accounting Perspectives
  • Why and when do we use Analytical Procedures?
  • Revisiting Audit Sampling
  • The Effects of Changes In Foreign Exchange Rates 
    • Correct Treatment of Functional Currency

This workshop qualifies for 7.0 CPE hours in Auditing Standards, Pronouncements and Methodology (Category 3).

Expert Speaker

Yeo Ek Khuan

Ek Khuan is a Fellow Member of the Institute of Chartered Accountants of Australia and a Fellow Member of the Institute of Singapore Chartered Accountants. He has more than 30 years of experience with international auditing firms before joining BDO LLP in 2001. Ek Khuan has extensive experience providing services to multinational, listed local companies and small and medium enterprises. They span over a spectrum of industries from financial and professional services to construction, electronics, retail and manufacturing.

He is currently a member of the Disciplinary Committee of the Accounting and Corporate Regulatory Authority (ACRA), and is also appointed as a member of the Singapore Accounting Standards Council (ASC). He also serves as the Honorary Treasurer of the Association of Small and Medium Size Enterprises (ASME), and is currently representing ASME on the Tax Feedback Group within the Inland Revenue Authority of Singapore.

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