PAW002: Practical Audit Workshop – Audit Working Paper 2

Programme Overview
Company-sponsored employees:
WDA training grant available for company-sponsored employees only. SMEs will get to enjoy subsidies of up to 90%.
Terms & Conditions apply.

Self-sponsored participants:
Approved for UTAP support for intakes conducted after 1 April 2016.
NTUC members enjoy 50% (unfunded) course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme). This excludes miscellaneous fees such as GST and registration fee etc.
(Terms & Conditions apply)

For eligibility criteria or UTAP claims submission, please click here

Programme Objective

Building on the concepts and knowledge highlighted in Practical Audit Workshop – Audit Working Paper 1, and designed specifically for the experienced audit working paper preparers, PAW – AWP 2 aims to provide practical guidance on the application of the audit concepts and audit documentation requirements relevant to the audit planning process and areas of audit complexity in order to assist the Audit Partners to better understand and manage the audit process on a timely basis.

Further details about PAW series workshop can be found here.

Programme Outline

At the end of the 7-day PAW–AWP 2, participants will be able to:

  • Recognize the role, ethical and professional requirements and responsibilities of the various levels of audit engagement team members;
  • Understand the key audit concepts and requirements through the various audit case study examples:
  • Audit evidence
  • Audit sampling
  • Audit judgment
  • Understand and apply the relevant audit concepts and documentation techniques in the audit planning process, such as:
  • Client and engagement acceptance;
  • Audit planning process and risk assessment requirements;
  • Identification of possible audit risk areas through the understanding the client’s business and economic environment, the client’s internal control system, changes in client's financial position and results of operations from the previous year;
  • Audit procedures over the design and implementation of the client’s system of internal controls and the designing of effective tests of controls;
  • Recommendation for Audit Partner’s approval the relevant audit procedures necessary to obtain reasonable assurance over the audit;
  • Understand and apply the relevant audit concepts, documentation techniques and designing the relevant audit procedures to resolve audit exceptions as highlighted by junior staff under PAW – AWP 1;
  • Understand and apply the relevant audit concepts and documentation techniques while performing the audit procedures in the audit of management judgment and estimates, such as:
  • Allowance for doubtful debts;
  • Allowance for inventories;
  • Impairment for non-current assets;
  • Provisions, warranties and claims;
  • Related party transactions and balances;
  • Reliance on third party experts; etc.
  • Understand and apply the concept of audit procedures and documentation requirements in relation to the audit completion process such as communication with management, evaluation of corrected and uncorrected misstatements, audit conclusion, etc.; and

  • Understand and be able to help improve the overall audit efficiency and effectiveness by identifying audit exceptions and recommending suitable responses for Audit Partner’s approval.

Intended For

PAW – AWP 2 workshop is specially designed for experienced audit working paper preparers with minimum 2 year of practical audit experience to equip themselves with the necessary audit knowledge and understanding of the audit planning process and areas of audit complexity.

Written assessments will be conducted during mid and end of workshop.

Rescheduling of Assessment Date
Participants can request for a rescheduling of assessment date. An administrative fee of $53.50 (including GST) will be payable. This fee will be waived if the rescheduling is due to medical or compassionate reason. Please provide relevant supporting documents.

Participants who do not score an overall pass for the assessments can request for a re-assessment within 7 working days from the last day of the course. An administrative fee of $107.00 (including GST) will be payable. A re-assessment will be arranged within 14 working days from the last day of the course. Participants may attempt the re-assessment once only.

Competency Mapping

Category 1, Category 2, Category 3

Upon completion of the program, certificate be issued manually by ISCA. ISCA members are required to enter the training records into Membership portal for audit purposes.

Programme Facilitator(s)
A team of experienced professionals comprising CAs (Singapore) with extensive auditing experience.
Please click here to view trainers' profile.


Institute of Singapore Chartered Accountants (ISCA)
60 Cecil Street
Singapore 049709

MRT: Raffles Place Station, Exit F

Closing Date for Registration
1 week before programme or until full enrolment

If the registration is closed, please contact if you wish to be notified when the next intake is opened for registration.

Click PAW homepage for details on Practical Audit Workshop and Testimonial from participants. 

WDA Training Grant (Applicable for company-sponsored employees only)

Step 1: Apply for Training Grant and Absentee Payroll

Employers can apply via the SkillsConnect system to obtain training grant for course fees and funding for absentee payroll. You may submit the Training Grant application within the period from 30 days before the course start date to 30 days after course start date. Please click here to apply for training grant via the SkillsConnect system. 

Step 2: Claim Training Grant

(Note: Your training grant application must be approved before you can submit a claim for it.)  

After the course has ended, you need to submit a claim for it. Your claim must be submitted no later than 120 days after course end date. Please click here to claim for training grant via the SkillsConnect system.  

Please click here to view the types of funding available.

ELIGIBILITY CRITERIA for the WDA training grant

Please note that companies must fulfil the following criteria before claiming training grant:

  • Company must have paid for all necessary training expenses to the training organisation  

  • Trainee(s) must be Singapore Citizen(s) or Permanent Resident(s) of Singapore, and must be employed by companies in accordance to the Employment Act except for sole proprietors, partners, working directors, members of co-operatives or commission-based agents.

  • Trainee(s) must have achieved at least 75% attendance

  • Trainee(s) must have sat for and passed the examinations/ assessments where applicable

Please contact WDA SkillsConnect at 6883 5885 or through their feedback portal ( for more information on the funding.


Programme Details

Seminar Title PAW002: Practical Audit Workshop – Audit Working Paper 2
Duration 7.5 day(s) (52.50 ISCA CPE Hours)
Session Date 12 Jan 2016 ,  15 Jan 2016 ,  19 Jan 2016 ,  22 Jan 2016 ,  26 Jan 2016 ,  29 Jan 2016 ,  02 Feb 2016

02 Aug 2016 ,  05 Aug 2016 ,  11 Aug 2016 ,  15 Aug 2016 ,  22 Aug 2016 ,  26 Aug 2016 ,  31 Aug 2016

16 Sep 2016 ,  20 Sep 2016 ,  23 Sep 2016 ,  28 Sep 2016 ,  04 Oct 2016 ,  07 Oct 2016 ,  11 Oct 2016
Fee Members: $2,086.50
Non-Members: $2,086.50


12 Jan 2016  (9:00AM - 6:00PM)
15 Jan 2016  (9:00AM - 6:00PM)
19 Jan 2016  (9:00AM - 6:00PM)
22 Jan 2016  (9:00AM - 6:00PM)
26 Jan 2016  (9:00AM - 6:00PM)
29 Jan 2016  (9:00AM - 6:00PM)
02 Feb 2016  (9:00AM - 6:00PM)
   (Registration Closed)
02 Aug 2016  (9:00AM - 6:00PM)
05 Aug 2016  (9:00AM - 6:00PM)
11 Aug 2016  (9:00AM - 6:00PM)
15 Aug 2016  (9:00AM - 6:00PM)
22 Aug 2016  (9:00AM - 6:00PM)
26 Aug 2016  (9:00AM - 6:00PM)
31 Aug 2016  (9:00AM - 6:00PM)
   (Registration Closed)
16 Sep 2016  (9:00AM - 6:00PM)
20 Sep 2016  (9:00AM - 6:00PM)
23 Sep 2016  (9:00AM - 6:00PM)
28 Sep 2016  (9:00AM - 6:00PM)
04 Oct 2016  (9:00AM - 6:00PM)
07 Oct 2016  (9:00AM - 6:00PM)
11 Oct 2016  (9:00AM - 6:00PM)
   (Registration Closed)