Training
Introduction
A key requirement for various Firms under the AQMM v.1 issued by ICAI is to have regular training programs on general and specific topics for all staff members (including Partners). In order to assist the Firm’s in their learning and development efforts in line with their policies and practices as well as compliance with the AQMM requirements, we at True and Fair Professionals Network bring to you In-Tuition, a focused in-classroom or virtual or hybrid training program with various plans to assist small to large sized firms, to provide training to new hires (articles or paid assistants), experienced hires (audit senior or manager) and engagement leaders (Partner/ Director) on various audit related topics.
Topic | Proposed hours |
---|---|
Communication with Client Personnel & Team (verbal and written) | 1 |
Brief on audit, regulatory aspects, stakeholders expectations | 1 |
Insider Trading rules, matters relating to ethics, etc | 1 |
Basics of understanding entity and environment | 1 |
Opening Balance testing | 1 |
Usage of materiality & MABCoTDs | 1 |
Basics of risk identification, assertions, controls and audit procedures | 2 |
Sampling- for controls and substantive testing | 1.5 |
Physical Verification- cash & stock | 1 |
External confirmations- rollout, receipt, testing (including alternative procedures) | 1 |
Bank Reconciliation Statement | 1 |
Ticking, tying schedules, financial statements | 1 |
Basics of documentation (including Testing trial balance, schedules- basic checks) | 2 |
Sub-total | 16 |
Understanding Management Override, Journal Entries, Management Estimates | 2 |
Testing of Cash Flow Statement | 1 |
Subsequent events- testing | 1 |
Evaluation of Misstatements (IFCoFR +FS related) | 1 |
Evaluation of Appropriate Audit Evidence- examples, corroborating contradictory evidences, etc. | 2 |
Assembling and Archival | 1 |
Total | 24 |
Note : (i) No recording of the sessions is permitted. (ii) No content/presentation to be circulated.
For further details, please contact Rakesh Jain (+91 9987592300) / Jaideep Trasi (+91 98454 71208) or write to contact@trueandfair.pro.