Master the design of efficient, risk-based audit tests that ensure CAS compliance, optimize evidence gathering, and withstand inspection scrutiny.
Enhance your audit methodology and ensure compliance with professional standards in the course, Audit Testing: Designing Efficient Audit Tests. Led by industry expert Marcus Gunther, this session addresses common challenges in audit testing, specifically focusing on the critical linkage between the Risk of Material Misstatement (RMM) and the extent of audit procedures. Through practical examples and a review of key standards, participants will learn how to design tests that are both efficient and sufficient to withstand practice inspections.
This course guides auditors through the nuances of planning, executing, and documenting audit tests. It moves beyond basic theory to explore the practical application of sampling techniques, the evaluation of internal controls, and the appropriate response to assessed risks. Whether you are dealing with statistical sampling, determining sample sizes, or addressing fraud risks, this presentation provides the insights needed to optimize your audit files and avoid common documentation pitfalls.
Key learning outcomes and topics covered include:
By the end of this session, professionals will be better equipped to evaluate test results, justify sampling decisions, and navigate the complex requirements of modern audit standards to produce high-quality, defensible audit files.
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
Marcus Guenther works with corporations and accounting firms to improve their workflow, internal control and risk management practices, as well as assisting with technical accounting and auditing issues. He is the co-author of the CICA Professional Engagement Manual (CPEM) as well as other technical publications and articles and teaches accounting, IFRS, and auditing and assurance courses for numerous professional organizations. Marcus was previously a Senior Manager at BDO Dunwoody LLP, where he was responsible for audit, tax and accounting engagements.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
