£90+VAT. (Click here for information on the Flexiticket discount scheme - fees as low as £39.60+VAT per place)

Many audit firms have clients with specialist activities who prepare accounts and report under companies’ legislation, or clients where there is a legal and regulatory background which needs to be considered in planning and conducting the audit, but for which there is no published guidance. This course will outline some general procedures which can be applied in any such specialist audit, but will focus on some of the most commonly encountered sectors such as leisure –restaurants, pubs and hotels - and the construction industry.

• Understanding the business and risk assessment
• What does the business really do and where are the risks?
• Does the client know what he is doing?
• Getting to grips with laws and regulations
• That impact the financial statements
• That impact the running of the business
• Fraud risk assessment including dealing with pilferage
• Using analytical review
• Appropriate audit procedures including problem accounting areas
• Hotel valuation and goodwill
• Valuation of long term stock and work in progress
• Income recognition
• Relying on expert valuers
• Accounting estimates
• Tax issues
• PAYE liabilities
• Deferred tax
• Going concern
• Liabilities – analysis  and disclosure
• Drawing conclusions and reporting