INTERNATIONAL STANDARD ON ASSURANCE ENGAGEMENTS (ISAE 3000)

TRAINING OVERVIEW

In fostering trust and cultivating robust business relationships, successful organizations deploy strategic measures. DixonTech offers a specialized training course in ISAE 3000 Assurance engagements, extending beyond traditional audits or reviews of historical financial information. This program equips participants with essential skills and techniques to adeptly apply audit requirements to internal controls, sustainability, and compliance with laws and regulations within their organizational contexts.

Furthermore, the training delves into the intricacies of measuring and monitoring financial reporting, providing a comprehensive understanding of the assurance engagement process. Attendees gain valuable insights into the professional regulatory framework, enhancing their ability to navigate the complexities of audits in various dimensions. This DixonTech course serves as a catalyst for professionals seeking to elevate their expertise in ensuring robust financial practices, internal controls, and regulatory compliance within their organizations.

TRAINING TOPICS

• The concept and function of assurance, compliance, corporate governance, sustainability, ethics, and professional conduct
• The requirements of ISAE 3000
• Understand the concept of ISAE 3402 and its impact on financial information.
• Assess misstatements and analyses potential risks.
• Quality Control procedures

By the end of this training course, delegates will be able to

• Guide assurance practitioners in setting an effective methodology to assess a company’s internal processes and performance information.
• Understand the concept of assurance, corporate governance, ethics, and code of conduct.
• Assesses the risk and explain how to manage it.
• Apply Quality Control procedures.
• Perform the ISAE 3000 assurance engagement.

TRAINING IS TAILORED TO

• Managers in Banks, Insurance Companies and Asset Managers
• Quality Assurance Mangers
• Internal Control Mangers
• Compliance Officers
• Financial Executives/ Managers/ Controllers/ Directors
• Auditors/ Auditing Managers and Reporting Executives/ Managers
• Business Development Executives & Managers
• Health, Safety, and Environments Mangers
• Strategy & Planning Mangers
• Consultants & Governmental Regulators

TRAINING METHODOLOGY

DixonTech's ISAE 3000 Assurance Engagements course employs an interactive approach, combining discussions, case studies, and practical exercises for optimal comprehension. Participants engage in real-world scenarios to apply theoretical knowledge, fostering a more in-depth understanding of audit principles. The inclusion of electronic resources provides immediate access to valuable tools and templates, enhancing ongoing learning. Seasoned professionals guide participants through the intricacies of assurance engagements within the professional regulatory framework. This comprehensive methodology ensures participants are well-equipped to proficiently navigate audits of internal controls, sustainability, and compliance.

DAY ONE: 

INTRODUCTION TO ISAE

• Introduction of non-financial information
• Overview on ISAAB & ISAE  
• Scope of ISAE
• Objectives of ISAE
• Relationship with the Framework, Other ISAEs, ISAs and ISREs
• Assurance engagements & Quality control in your organization

DAY TWO: 

ISAE REQUIREMENTS

• Ethical Requirements
• Required Planning & Performing the Engagement
• Audit Procedures
• Reporting Requirements
• Quality Control Requirements
• The requirements of Parts A and B for Professional Accountants

DAY THREE:

ASSURANCE REPORTING

• Levels of assurance
• Limited assurance engagements
• Preparing the Assurance Report
• Attesting & direct Engagements
• Relationship between ISAE 3000 & international framework for assurance engagements
• Forming the Assurance Conclusion

 DAY FOUR: 

COMPLIANCE & QUALITY CONTROL

• Complying with relevant requirements
• Firm Level Quality Control
• Suitability & Availability of the criteria
• Quantity & Quality of evidence
• Acceptance of a change in the terms of the Engagement
• Competences, Capabilities and Objectively of the Practitioner’s expert

DAY FIVE:

RISK MANAGEMENT, ETHICS, AND GOVERNANCE

• Risk of Material Misstatement
• Engagement Risk
• Roles & Responsibilities
• Enhancing Credibility
• Sustainability reporting
• Case Study