(A100 V12cn) i ©2012 Deloitte Touche Tohmatsu. All rights reserved.

A100 INTRODUCTION TO AUDITING AND DELOITTE AUDIT APPROACH

Overall Aims To provide participants with an overview of auditing

and the Deloitte Audit Approach.

Objectives Participants will be able to:

Describe what an audit is and its elements.

Describe why an audit is performed.

Describe the key principles and purpose of an audit.

Describe why an auditor should be independent of

an entity when conducting an audit.

Describe and identify how the financial statement

audit is governed by the Deloitte Audit Approach.

Describe the major activities of the Deloitte Audit

Approach.

Describe the key activities of the Deloitte Audit

Approach performed by the Assistant.

Identify the assertions relevant to:

o Classes of transactions and events for the period

under audit

o Account balances at the period end

o Presentation and disclosure

Determine where to make selections from based on

the risks of material misstatement that have been

identified and the related assertions.

Describe how to create high quality documents to

evidence your audit work.

Link to DTT Global Competency Model

DTT Global Competency Model — Specialized

Competencies

Understanding and Application of the Deloitte

Audit Approach and Local Auditing Requirements

Utilization of Audit Tools and Resources

ii (A100 V12cn) ©2012 Deloitte Touche Tohmatsu. All rights reserved.

Key Learning What is an audit?

Why is an audit performed?

Phases of the Deloitte Audit Approach.

Roles of members of the audit engagement team

Importance of audit documentation

Knowledge Assumed Participants will be Assistants who have recently

joined Deloitte. Participants should have completed

the learning unit YaD215, Introduction to

AuditSystem/2 – Document Manager & Workpaper

Preparation.

Continued Learning Opportunities

Continuing learning opportunities are available to

participants for this learning unit.

(A100 V12cn) iii ©2012 Deloitte Touche Tohmatsu. All rights reserved.

Schedule Session Number Description

Learning Unit Introduction

1 Principles of a Financial Statement

Audit

2 Overview of the Deloitte Audit

Approach

3 DTT Audit Concepts

Topic 1: Assertions and Making

Selections

Topic 2: Audit Evidence and

Audit Documentation

Learning Unit Summary

Estimated Learning Unit Hours 2.0

Estimated Prework Hours 0.0

Key Technical References

2010 Deloitte Audit Approach Manual P010, The

Audit Approach.

2010 Deloitte Audit Approach Manual G250, Audit

Evidence.

2010 Deloitte Audit Approach Manual G285,

Assertions.

2010 Deloitte Audit Approach Manual G510,

Relevance and Reliability of the Information to be

Used as Audit Evidence.

Participant’s Preparation Before Learning Unit Begins

None.

iv (A100 V12cn) ©2012 Deloitte Touche Tohmatsu. All rights reserved.

LEARNING JOURNAL

Use this document to keep a record of your learning experiences and key learning points, and

what this means in terms of your role, engagements, or personal development.

Key Experience or Learning Point What This Means to Me