Course Prerequisites
- Please note that this course has the following prerequisites which must be completed before it can be accessed
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Artificial Intelligence & Machine Learning
About This Course
Abdul Rauf | Last updated
1,000+ graduated
Course Prerequisites
Students must have successfully completed a foundational auditing course, such as Audit & Assurance (CAF8) by ICAP or Audit & Assurance (F8) by ACCA. Students from other institutions should have passed an equivalent course at the undergraduate or professional level.
About This Course
The Hands-On Audit Simulation is a single-module, workplace-based training program that immerses students in the full audit cycle—from planning to reporting—through a carefully designed real-world simulation.
Participants take on the role of junior auditors within a simulated audit firm, working on a live audit engagement for a realistic client. Over the course of the program, students apply International Standards on Auditing (ISAs), use professional audit software, perform substantive procedures, document findings, and interact with simulated clients and supervisors.
The experience mirrors the actual work environment of audit trainees in firms, offering a high-impact, practical learning opportunity that builds audit competence, communication skills, and job readiness.
Whether you’re preparing for an articleship, a corporate audit role, or aiming to enhance your practical exposure, this course provides a structured, supervised, and hands-on path to becoming career-ready.
Tags: AuditFirms, Big4, Practical Audit, ACCA, ICAP, CIA, AuditSkills
Learning Objectives
- Understand the regulatory, ethical, and professional framework governing audit and assurance.
- Plan and perform key audit procedures, including risk assessment, fieldwork, and documentation in line with ISAs.
- Identify and report audit findings through professionally structured working papers, reports, and communications.
- Collaborate effectively in team settings, client meetings, and supervisory reviews, demonstrating professional conduct.
- Use accounting and audit software to complete engagements, analyze data, and support audit conclusions.
Material Includes
- Student License of Audit Software
Access to SmartAudit (or equivalent) for executing the full audit cycle in a supervised, simulation-based environment. - Prior Year Working Papers
Complete audit documentation from the client’s most recent audited year to provide context and continuity. - Student License of Accounting Software (FastAccounts)
Hands-on access to live client data through a licensed accounting platform, valid for the simulation period. - Full Access to Client Accounting Records
Realistic datasets including journal entries, ledgers, trial balances, and supporting schedules. - Client Source Documents
Invoices, contracts, bank statements, vouchers, and third-party evidence for performing substantive audit procedures. - Standardized Working Paper Templates
Ready-to-use planning documents, lead schedules, checklists, and testing sheets based on professional standards. - Meetings with Audit Supervisors
Simulated sessions with audit partners, managers, and supervisors for planning, review, and performance feedback. - Meetings with Client Personnel
Role-play interactions with CFOs, accountants, and department heads to develop inquiry and communication skills. - Learning Log Workbook
Evolve’s proprietary tool for reflection, knowledge consolidation, and transforming activity into practical experience.
Requirements
- Basic understanding of auditing concepts – Familiarity with core principles such as audit assertions, risk assessment, and audit procedures.
- A functioning laptop – Participants must bring their own laptops for hands-on simulation exercises.
- A proactive mindset – This training is designed to simulate real-world challenges. It requires dedication, curiosity, and the willingness to step outside your comfort zone, especially as you work through tasks for the first time.
Target Audiance
This simulation-based audit training is designed for aspiring and early-career professionals who are looking to build strong, hands-on auditing skills. It is particularly suited for:
- Students of professional accounting and audit bodies such as ACCA, ICAP, and CMA,
- Graduates of Business school students specializing in accounting and finance
- Professionals working in auditing, accounting and finance departments
Frequently Asked Questions (FAQs) – Audit Simulation Course
- Is this course theoretical or practical?
It’s 100% practical. While you’ll apply key auditing concepts, the focus is on doing the actual work of an auditor using audit and accounting software, reviewing client records, conducting audit meetings, and preparing audit files.
- Do I need prior audit experience to take this course?
No, but you must have studied a foundational auditing course like ICAP’s CAF8 or ACCA’s Audit & Assurance (F8). The simulation is designed to convert your theoretical understanding into practical skills.
- What will I do during the simulation?
You’ll:
- Review client background
- Participate in audit planning
- Perform audit procedures on real-like datasets
- Interact with simulated audit teams and client personnel
- Document your work using audit software
- Present your audit findings
- What kind of software will I use?
You’ll use professional-grade software such as:
- Audit Software – for audit documentation and planning
- Accounts Software – to access and audit live accounting records
- Google Workspace / Excel – for collaboration, data analysis, and reporting
- Will I interact with real professionals?
Yes. You’ll work with qualified professional with relevant practical experience like audit managers, seniors, and client representatives (CFO, Accountant, Head of IA).
- Will there be any certificate or recognition?
Yes. Upon successful completion, you’ll receive a certificate from Evolve Learning Hub, verifying your participation and skills demonstrated in the simulation.
- Will this help me in getting an audit job or articleship?
Absolutely. This course is designed to boost your employability. You’ll be better prepared for interviews, articleship roles, or internships with practical exposure and improved confidence.
- Can I fail the simulation?
Yes, if you don’t complete the assigned tasks or meet the expected professional standards. However, faculty and supervisors provide continuous feedback to help you succeed.
- Do I need a laptop or any specific setup?
You’ll need a basic laptop with internet access. All software and resources are provided by the program.
- Is group work involved?
Yes. You’ll work in audit teams to simulate real firm dynamics. Teamwork, delegation, and communication are key learning outcomes.
Instructor
Abdul Rauf – Course Lead Faculty
- Adjunct Faculty at LUMS
- PwC Alumnus, with extensive experience in external audit and advisory services
- CEO of Bizware Private Limited, a consulting company business advisory, and digital transformation
- Passionate about bridging classroom learning with real-world business practices through workplace simulations and experiential pedagogy
Level: Beginner
Duration: 40 contact hours
Micro Learning and Reflection Sessions: yes
Subject: Audit and Assurance
Language: bilingual (Urdu and English)
Learning Objectives
Material Includes
- Access to SmartAudit (or equivalent) for executing the full audit cycle in a supervised, simulation-based environment.
- Complete audit documentation from the client’s most recent audited year to provide context and continuity.
- Hands-on access to live client data through a licensed accounting platform, valid for the simulation period.
- Realistic datasets including journal entries, ledgers, trial balances, and supporting schedules.
- Invoices, contracts, bank statements, vouchers, and third-party evidence for performing substantive audit procedures.
- Ready-to-use planning documents, lead schedules, checklists, and testing sheets based on professional standards.
- Simulated sessions with audit partners, managers, and supervisors for planning, review, and performance feedback.
- Role-play interactions with CFOs, accountants, and department heads to develop inquiry and communication skills.
- Evolve’s proprietary tool for reflection, knowledge consolidation, and transforming activity into practical experience.
Requirements
- Basic understanding of auditing concepts – Familiarity with core principles such as audit assertions, risk assessment, and audit procedures.
- A functioning laptop – Participants must bring their own laptops for hands-on simulation exercises.
- A proactive mindset – This training is designed to simulate real-world challenges. It requires dedication, curiosity, and the willingness to step outside your comfort zone, especially as you work through tasks for the first time.
Target Audience
- This simulation-based audit training is designed for aspiring and early-career professionals who are looking to build strong, hands-on auditing skills. It is particularly suited for:
- Students of professional accounting and audit bodies such as ACCA, ICAP, CMA, and IIA who want to complement their theoretical learning with real-world application.
- Business school students specializing in accounting, finance, or audit who seek practical exposure to audit processes and working environments.
- Young auditors and accountants currently working in audit firms, corporate finance, or internal audit functions, who wish to sharpen their professional competence and accelerate their on-the-job readiness.
Curriculum
Frequently Asked Questions (FAQs) – Audit Simulation Course
Your Instructors
$100.00$123.00
Material Includes
- Access to SmartAudit (or equivalent) for executing the full audit cycle in a supervised, simulation-based environment.
- Complete audit documentation from the client’s most recent audited year to provide context and continuity.
- Hands-on access to live client data through a licensed accounting platform, valid for the simulation period.
- Realistic datasets including journal entries, ledgers, trial balances, and supporting schedules.
- Invoices, contracts, bank statements, vouchers, and third-party evidence for performing substantive audit procedures.
- Ready-to-use planning documents, lead schedules, checklists, and testing sheets based on professional standards.
- Simulated sessions with audit partners, managers, and supervisors for planning, review, and performance feedback.
- Role-play interactions with CFOs, accountants, and department heads to develop inquiry and communication skills.
- Evolve’s proprietary tool for reflection, knowledge consolidation, and transforming activity into practical experience.
