Learn your way around financial statements and what it takes to plan, prepare and sign off a company audit!
As a graduate in the audit team, you spend the majority of your time examining an organisation to gain an understanding of its activities, inspecting financial and accounting records and watching certain processes being performed. You need careful attention to detail, organisation skills and a sophisticated understanding of the regulatory framework.
In this virtual experience, you will be learning how to conduct an audit and why it is so important to keep organisations honest. It is also a great opportunity for you to get a sense of what it’s like to work in an accounting firm, and no doubt you will develop some new skills.
This program is self-paced. It takes approximately 3-4 hours to complete.
Skills Learned:
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Trial balance variance
Map the trial balance and identify any material variances- Trial balance mapping
- Variance analysis
- Excel skills
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Payroll tax expenses
Testing supplier expenses and analytical procedures for payroll- Understanding audit assertions
- Analysis of non-financial information
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Audit completion and reporting
Review financial statements for inconsistencies or errors- Understanding financial statements
- Detailed review
- Communication
- Written skills
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Variance commentary
Review a board paper and provide commentary to explain material variances- Analytical skills
- Reviewing detailed information
- Drawing insights
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Superannuation expenses
Prepare the workpaper for superannuation expenses- Analysis of non-financial information
- Superannuation
