CAF-8 by Masood Shahid | SBM Online Campus

Overview
Curriculam
Instructor
Reviews

Course Description

Most comprehensive coverage of Audit & Assurance with 90 plus hours lecture time focusing on:

Practical application of auditing standards & affiliated areas with real-time practical examples.
Solving 100+ examples & past paper questions in class with provision of last 8 years chapter wise past papers.
Specific focus on building understanding of whole audit process from inception to completion.
Chapter wise tests & mocks.

Key Features

Fortnightly Live Interactive Session
Dedicated Whatsapp Group for Questions
Full course access till upcoming attempt
24/7 support-study at your own comfort
Standard Testing System and chapter-wise tests at the end of the term.
Quality video lectures

Course Outline

General introduction to the course outline

Introduction

Introduction to CAF 08 Syllabus, Study Material and Scheme Buy

Basic Concepts

Audit Framework, Regulations and professional ethics

Agreeing the terms of Audit Engagement

Appointment Removal and Qualification of Auditors

Code of Ethics

Planning and Risk Assessment

Planning an Audit

Risk Identification and Assessment

Materiality in Planning and Performing an Audit

Fraud and Error

Audit Evidence and Internal Controls

Audit Evidence

Audit Sampling

Audit Documentation

Internal Controls and Test of Controls

Substantive Procedures

Analytical Procedures

Computer Assisted Audit Techniques and General & Applicable IT Controls

Related Party

Subsequent Events

Written Representations

Using the Work of Others

Conclusion and Reporting

External Audit Report

Going concern

Engagement to Review Financial Statements

Quality Control Procedures

Masood Shahid

Mr. Muhammad Masood Shahid is a fellow member of Institute of Chartered Accountants of Pakistan (ICAP) and Pakistan Institute of Public Finance Accountants (PIPFA). He is currently the Managing Partner of Islamabad office of Parker Russell A.J.S. Chartered Accountants. He has rich experience of external audits of Multi-national entities, Government entities, Public Interest Companies, Large Sized Entities, Medium Sized Entities, Small Sized Entities, NPOs and NGOs. He has led many forensic audit/investigative audits assignments in the capacity of Engagement Partner. He has been teaching CAF-09 “Audit & Assurance” (Now CAF-08) and CAF-06 “Principles of Taxation” (Now CAF-02 “Tax Practices”) for past 6 years and has successfully achieved more than 60% results in aforementioned subjects.