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External Audit

The following Neverest External Audit courses are offered in-house at your office or a designated off-site location at dates convenient for your team. Click below for course descriptions:

External Audit: Managing Effective & Efficient Risk Based Assurance Engagements


This course revisits key assurance requirements as it relates to planning, performing and reporting on engagements. By providing Neverest with one or two completed engagement files to review in advance to identify potential training focus points, explore your firm’s typical engagement trouble spots and obtain tips for documenting work appropriately. Identify opportunities for maximizing the effectiveness and efficiency of your audit and review engagements.

External Audit: Audit Engagement Workshop


Are you an auditor who is looking for ways to improve the effectiveness and efficiency of your engagements? In this highly interactive workshop, revisit key audit requirements as they relate to common trouble spots in audit engagements, and learn practical approaches for avoiding or mitigating the impacts of each.  Obtain and share practical tips with your peers for improved audit performance.

Participants are invited to bring sample/illustrative audit working papers or any complex or controversial audit issues for discussion and analysis in the course.

External Audit: Review Engagement Workshop


This course revisits key concepts and requirements of the new review engagement standard, CSRE 2400. Participants will identify aspects of the standard that were easy to implement, and further analyze areas that proved to be challenging. This highly interactive workshop uses sample working papers to illustrate transition and documentation issues. In the spirit of continuous improvement, participants will create a plan for improving review engagement files in the upcoming year, to ensure they are in full compliance with requirements.

External Audit: Understanding Controls for Small Entities


Auditors often find it challenging to obtain a sufficient understanding of a client’s system of internal control to meet the requirements of the Canadian Auditing Standards (CAS).

This course reviews the CAS requirements as it applies to understanding internal control, with a focus on using the best practice “top-down approach”. The session will also address when it would be cost-effective to test controls, and how to do so in a manner that would allow the auditor to appropriately reduce the amount of substantive testing performed. Using an interactive case study, the session will highlight common trouble spots to watch out for and provide tips for successfully addressing internal controls.

External Audit: Designing Analytical Procedures

½  DAY – 3.5 PD HOURS

This course explores an area commonly cited by practice inspection as being deficient in audit and review engagement files: the use of analytical procedures. Review the standards as they relate to planning, performing and documenting analytical procedures.

Explore methods for setting expectations when designing predictive analytical procedures. Discuss techniques for strengthening analytics and dealing with variances. Learn how to effectively and efficiently document results. In addition, identify opportunities for using data analytics in your audit engagements.

External Audit: Journal Entry Testing

½  DAY – 3.5 PD HOURS

When reviewing audit working paper files, practice inspectors and audit regulators are increasing their focus on the auditor’s approach and documentation of journal entry testing. Of specific concern is whether the auditor’s approach considered the completeness of journal entries being tested, and testing journal entries in areas that are more susceptible to fraud.

Designed specifically for small to mid-sized public accounting practices, this highly-interactive workshop explores approaches for selecting and testing journal entries, while keeping the completeness and fraud related concerns top of mind. It explores using software systems such as Microsoft Excel to analyze data, and shares tips for documenting results effectively and efficiently.

External Audit: Mastering the Skill of Inquiry

½  DAY – 3.5 PD HOURS

This session explores the role of interviewing as an essential audit tool for gathering information, including audit evidence.  It explains the basic principles of successful interviewing.  It demonstrates techniques for planning, conducting, following up, and documenting interviews in an effective and efficient manner.  It also shares tips for dealing successfully with potentially difficult situations and interviewees.  Finally, participants will receive guidance for avoiding one of the common deficiencies found by practice inspectors and regulators in assurance engagements:  over reliance on inquiry.

External Audit: Staff To Partner Training - Level 1 - New Professionals

4 DAYS – 28 PD HOURS – Minimum 0-1 busy seasons
This course is designed for individuals who have not yet participated in an assurance engagement, have limited experience with the execution of assurance engagements, or individuals interested in refreshing their knowledge of the fundamentals of performing assurance engagements effectively and efficiently.

This course provides an introduction to the accounting profession, and the various assurance engagements an individual may perform. It explores the risk based audit approach, and enables participants to recognize common risks and objectives for each audit area. It encourages staff to understand the link between planned audit procedures and the identified overall and financial statement assertion level risks. It provides an opportunity to execute audit procedures and learn how to effectively and efficiently create working paper documentation to demonstrate the nature, timing and extent of procedures performed. Finally, it reviews active listening techniques to enable participants to develop their abilities to gather relevant and reliable audit evidence through client interviews.
Using a case study approach, participants work in small group ‘audit teams’ to plan, execute and report on an audit engagement. Teams learn to identify the risks and objectives of each audit area, and work together to ensure planned audit procedures are appropriately targeted to risks.

External Audit: Staff To Partner Training - Level 2 - Intermediate Professionals

3 DAYS – 21 PD HOURS – Minimum required 1-2 busy seasons
This course is designed for individuals with a minimum of 1-2 busy seasons of experience in planning and/or performing assurance engagements, or individuals interested in refreshing their knowledge of the fundamentals of planning risk based audit engagements and auditing complex audit areas effectively and efficiently.

This course provides an in-depth examination of how to perform a risk assessment. It highlights the importance of proper planning, provides insight into the detailed requirements, and shares tips and techniques for effective and efficient performance. It provides guidance in areas that are common trouble spots: using sampling and analytical procedures effectively and auditing complex areas such as revenues, management estimates and inventory. In addition, this course targets the development of some key foundational skills: the ability to obtain relevant and reliable information from client interviews, the ability to manage time effectively and design a personalized action plan to upgrade key skills for improved job performance.

External Audit: Staff To Partner Training - Level 3 - New Supervisors

3 DAYS – 21 PD HOURS – Minimum required 1-2 busy seasons
This course is designed for individuals with a minimum of 2-3 busy seasons of experience planning and performing assurance engagements, who are new to supervising staff. This course is also beneficial for individuals in a supervisory role interested in refreshing their knowledge of tools and techniques for taking a lead role in performing risk assessments, designing risk based procedures, and managing engagements and audit teams.

This course develops the technical and supervisory skills of individuals. It helps the experienced professional focus on improving their abilities to manage assurance engagements and engagement teams. The course highlights key aspects of performing risk assessments: gaining the appropriate depth of understanding of entity level and activity level risks and controls, including a sufficient understanding of information technology risks and controls. The course introduces techniques individuals can use to improve the efficiency of audit procedures without compromising effectiveness. Participants learn how to perform working paper file reviews, and provide meaningful performance feedback to staff. The course explores teamwork and supervision, and introduces a framework that encourages flexibility for success in leading others.

External Audit: Staff To Partner Training - Level 4 - Experienced Supervisors

2 DAYS – 14 PD HOURS – Minimum 3-4 busy seasons
This course is designed for individuals with a minimum of 3-4 busy seasons of experience, including experience planning and performing assurance engagements and supervising staff. This course is also beneficial for individuals in a supervisory role interested in developing their abilities to improve the efficiency and effectiveness of engagements, their interactions with clients and team members, and their abilities to coach and mentor for long-term benefits.

This course advances the skills of experienced supervisors by improving their abilities to manage assurance engagements, engagement teams and all other stakeholders. Using project management techniques, participants explore each phase of an assurance engagement to find opportunities to improve engagement effectiveness and efficiency. It explores the design of audit responses in complex areas of auditing revenues, financial statement disclosures and areas where specialists are required. Focusing on developing the individual’s professional skills, this course introduces a four quadrant approach to understanding communication styles, and uncovers methods for adapting styles to improve interactions with others. The benefits of coaching and mentoring staff are explored while providing tangible techniques for success. Finally, this course explores meetings, and provides strategies and tips for leading more productive client and audit team meetings.

External Audit: Staff To Partner Training - Level 5 - Assurance Leaders

3 DAYS – 21 PD HOURS – Minimum 4-5 busy seasons completed
This course is designed for individuals with a minimum of 4-5 busy seasons of experience including managing engagements and staff. This course is also beneficial for senior managers and partners who are interested in ensuring their practice is keeping up with accounting and assurance developments and trends, and/or honing their business development strategies and skills.

This course helps participants actively contribute to the growth and success of the accounting firm. It starts with exploring the requirements of designing and maintaining a system of quality control at the firm and engagement level. It shares methods for staying on top of assurance and accounting developments as they happen. This course discusses firm economics and identifies critical key performance metrics all firms should measure and monitor. Learn how to help increase firm revenues through tangible business development activities. Participants can compare strategies and create or improve a personal business development plan.  In addition, participants explore key areas that can help improve job effectiveness and elevate presence with partners, clients, boards of directors and other key stakeholders: presentation and negotiation skills, and business and social etiquette.


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