Auditing Skills: Testing Strategies

Course Overview

Testing is one of the most important aspects of audit work, but is one which is least covered by clear instruction to those charges with doing it. Time limitations are often a debated issue in the context of frequent criticisms of testing intensity and outcomes by audit management and auditees alike. This course aims to help auditors develop appropriate testing strategies by understanding the practice and implications of several important testing techniques.

Audience

Auditors at practitioner and managerial level who require a clearer vision of how to fulfil this important function.

Course Outline

• Time v intensity
• Compliance and substantive test
• A progressive testing framework
• Control evaluation and walkthrough tests
• Depth tests
• Analytical review and statistics
• Computer data mining and artificial intelligence
• Statistical sampling

Auditing Skills: Testing Strategies / CM030598