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Information on the Australian Auditing Manual and Toolkit
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The Institute has released an audit manual that will enable small and medium practices (SMPs) in particular, to readily comply with Australia's legally enforceable auditing standards. It will enable SMPs to refresh their audit methodology. 
 
The Institute realises how hard it can be to keep up to date with changing audit requirements and has therefore, developed the Australian Auditing Manual and Toolkit to assist practitioners in conducting audits in line with the necessary requirements. 
 
Australian Auditing Manual 
 
The Australian Auditing Manual has been developed to explain and illustrate a greater understanding of conducting audits in compliance with the Australian Auditing Standards (ASAs), not as a substitute. The Manual provides, by way of a comprehensive case study, illustrations of:  

  • Planning and performing risk assessment procedures 
  • Understanding the client and responding to risks 
  • Audit documentation, evaluating audit evidence and reporting.
The Manual is a practical ‘how to’ guide, based on typical small to medium enterprise audits. 
 
For the purpose of better educating and training professionals and students, maintaining high quality auditing and serving the public interest, the Manual is available to download for free for members and $99.00 for non-members: 
Australian Auditing Toolkit 
 
The Institute’s Australian Auditing Toolkit has been designed to supplement the Manual and can be used as a practical tool to help you apply the ASAs. The Toolkit can be either tailored to individual practices or left as is. By having such flexibility, the Toolkit aims to help practitioners conduct high quality and cost effective audits.  
 
Training for the Australian Auditing Manual 
 
The Institute will be providing ongoing step by step workshops, to cut through any confusion in applying the ASAs to SME audits and to teach members how to best use the Institute’s Auditing Manual.  
 
The workshop will cover four major areas: 
  • Basic audit concepts 
  • Risk assessment procedures 
  • Risk response 
  • Reporting.
Further information on the Australian Auditing Manual Training, dates and locations.  
 
 
Does the Institute recommend that you take up this offer? 
 
As is the norm in the general marketplace, it is entirely up to you as to which products and services you choose to purchase and which companies you choose to do business with.  
 
By making certain special offers available through the Member Benefits Program, the Institute is not directly recommending that you take them up over similar or competitor offerings, or representing that they are the best offers available from all suppliers of similar products or services; we are simply presenting you with a purchasing opportunity that is not available from the business partner in the general market.  
 
While we can assure you that the Institute has stringent criteria for product/service selection, the Institute makes no warranties as to the character or quality of the products or services and the final purchase decision rests with the individual. 
 
Is this product available to members of the Global Accounting Alliance (GAA) and Chartered Institute of Management Accountants (CIMA)?  
 
Yes, GAA and CIMA members are eligible to take up this membership benefit offer. To make use of your global passport please contact the Chartered Accountants Service Centre.