Learn which Audit Procedures are possible to adopt to test Current Assets and how to perform them step-by-step
This hands-on course teaches students how to perform audit testing on key current asset account balances, including inventory, accounts receivable, cash and cash equivalents, and related party transactions. Led by Mk, the founder of HAW – How Audit Work and an experienced Big4 auditor, the course provides detailed, practical instruction drawn from nearly a decade of international audit experience.
Students will learn how to conduct inventory counts, confirm deposits, test cut-off procedures, and assess pricing and obsolescence. The course also covers audit techniques for receivables, including confirmation responses, alternative procedures, bad debt assessments, and factoring. Cash testing procedures such as bank confirmations and reconciliations are also addressed, along with intercompany reconciliations for related parties. This course is ideal for those seeking practical audit skills in real-world contexts.
1 activity • 14 videos • duration: 5h 21m
Audit Expert at Big 4 Audit Firm
Dear Professional, after almost 10 years of experience in Big4 audit firms I decided to share my knowledge with you, together with some colleagues of mine. I worked in different Big4 audit firm performing audit of international companies in the manufacturing, holding and finance sector in different countries as US, UK, Netherland and Italy. The content created has an operative approach, with detailed guidance step-by-step, to let people learn on the spot how to perform audit procedures (for auditor) and understand how an audit is performed (for everyone else). The courses are in english and guided by the founder of HAW - How Audit Work that is an organization that provide audit related services, including teaching.
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.
Great Course
It took extra concentration because his accent was so thick. The ads at the end of every module were annoying.
