Mastering Audit Evidence and Work Papers: Enhancing Audit Effectiveness

Course Objectives:
• Understand the importance of audit evidence and work papers in the auditing process.
• Learn best practices for gathering, evaluating, and documenting audit evidence.
• Develop skills in designing and maintaining effective work papers to support audit findings.
• Enhance the ability to assess the sufficiency and reliability of audit evidence.
• Gain insights into using audit evidence and work papers to support audit opinions and recommendations.

Course Content:
Introduction to Audit Evidence and Work Papers
• Importance of audit evidence and work papers in the audit process
• Overview of auditing standards and guidelines related to evidence documentation
• Understanding the role of audit evidence in forming audit opinions
Gathering Audit Evidence
• Techniques for obtaining relevant and reliable audit evidence
• Sources of audit evidence, including documents, records, and third-party confirmations
• Planning audit procedures to ensure comprehensive evidence collection
Evaluating Audit Evidence
• Criteria for assessing the sufficiency, relevance, and reliability of audit evidence
• Techniques for evaluating qualitative and quantitative evidence
• Identifying and addressing potential risks and limitations of audit evidence
Documentation and Work Papers Design
• Principles of effective work paper design, organization, and maintenance
• Types of work papers and their role in documenting audit procedures and findings
• Best practices for maintaining confidentiality, integrity, and accessibility of work papers
Documenting Audit Procedures
• Techniques for documenting audit procedures, observations, and conclusions
• Writing clear, concise, and objective work paper narratives and annotations
• Incorporating supporting documentation and references to strengthen work paper integrity
Review and Quality Assurance
• Importance of review and quality assurance procedures in ensuring work paper accuracy and completeness
• Techniques for peer review, supervisor review, and self-review of work papers
• Addressing feedback and implementing improvements to enhance work paper quality

FOR WHOM:
All Internal Auditors and Risk Managers in the Public and Private Sectors.
METHODOLOGY
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 18th – 21st  Mar,2025
2ND BATCH: 23rd – 26th Sept,2025