Group Audits E-Learning

Introduction

A group audit refers to the audit of group financial statements. Singapore Standard on Auditing (SSA) 600 Special Considerations – Audits of Group Financial Statements (Including the Work of Component Auditors) lays out the requirements which group engagement teams have to follow for group audits. There have been instances where audit regulators worldwide have indicated group audits as one key area with significant audit deficiencies. Therefore, group audits present real challenges for auditors.

The purpose of this Group Audit e-learning series is to explain the requirements in SSA 600, provide an overview of the considerations involved in planning for group audits and suggest possible ways to overcome the practical challenges that auditors commonly face in group audits, through case studies of a group engagement team.


Programme Structure
 

A group audit can commonly be divided into three phases, namely, planning, execution and completion. These requirements are covered in ISCA’s six e-learning modules.

We strongly encourage the participant to complete all 6 modules to have a comprehensive understanding in performing group audits. 

Phase

E-learning Module

Bundle Package

Planning
 

Group Audits: Module 1 – Planning (Part 1)
Group Audits: Module 2 – Planning (Part 2)
Group Audits: Module 3 – Planning (Part 3)

Enjoy 15% discounts for bundle purchase of 3 planning modules (i.e. Module 1, 2 & 3).

Enjoy 20% discounts for bundle purchase of all 6 modules.

Execution

Group Audits: Module 4 – Execution

Completion

Group Audits: Module 5 – Completion
Group Audits: Module 6 – Common Issues


 
Programme Outlines
 
ModuleOutlines
Module 1: Group Audit – Planning (Part 1)
  • What is group audit
  • Different terms used in group audits
  • Key considerations in the acceptance and continuance of group audit engagements, including the need to understand the group’s businesses and structure
  • How a risk assessment should be performed
  • How significant components should be identified
Module 2: Group Audit – Planning (Part 2)
  • Understanding the component auditor
  • Group materiality and allocation of materiality
  • Logistical considerations
  • Determining extent of involvement of the work performed by component auditors
Module 3: Group Audit – Planning (Part 3)
  • Group audit instructions
  • Reporting deliverables from component auditors
Module 4: Group Audit – Execution
  • Review of audit working papers and documentation
  • Audit of the consolidation process
Module 5: Group Audit – Completion
  • Review of subsequent events
  • Evaluating the sufficiency and appropriateness of audit evidence obtained
  • Communication with group management and those charged with corporate governance
  • Key financial statement reporting and disclosure requirements
  • Documentation requirements
Module 6: Group Audit – Common Issues
  • Common issues encountered during group audit engagements
  • Practical ways to manage these common issues

 

Programme Fee
 
   

For ISCA Members / CA Firm

For Non-Members

Phase

Group Audits E-learning Module

No. of CPE Hours

Course Pricing

Bundle of:

Course Pricing

Bundle of:

3 planning modules

all 6 modules

3 planning modules

all 6 modules

Planning

Module 1 – Planning (Part 1)

1.5

$96.30

$256.80
$218.28

$577.80
$462.24

$128.40

$342.40
$291.04

$770.40
$616.32

Module 2 – Planning (Part 2)

1.0

$64.20

$85.60

Module 3 – Planning (Part 3)

1.5

$96.30

$128.40

Execution

Module 4 – Execution

1.5

$96.30

 

$128.40

 

Completion

Module 5 – Completion

2.0

$128.40

$171.20

Module 6 – Common Issues

1.5

$96.30

$128.40

Above course fees are inclusive of GST

 

To Purchase

For individual module purchase, click on the module title in the table above.

For bundle purchase, click on the respective boxes below.

   1) Bundle of 3 planning modules (Module 1 to 3)
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Member Registration

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Non-Member Registration

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   2) Bundle of all 6 modules (Module 1 to 6)

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Member Registration

Click here
ISCA-icon-PAIB

Non-Member Registration

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