Accounting & Analytics · Auditing & Assurance

ISA-Driven External Audit — Bavaria del Norte (NIA 200/315/320/700)

MBA bilingual simulation: a Crowe Horwath Andina engagement team audits Industrias Bavaria del Norte S.A. (BVC-listed) over four rounds — NIA 300 planeación, NIA 315/320 risk and materiality, NIA 330/505/520/540 procedures, and NIA 700/701/705/706 dictamen — calibrating audit risk, materiality, the SUM, and the

4 rounds Executive English, Español
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About this simulation

MBA bilingual simulation: a Crowe Horwath Andina engagement team audits Industrias Bavaria del Norte S.A. (BVC-listed) over four rounds — NIA 300 planeación, NIA 315/320 risk and materiality, NIA 330/505/520/540 procedures, and NIA 700/701/705/706 dictamen — calibrating audit risk, materiality, the SUM, and the limpia/salvedad/adversa/abstención opinion call.

Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Materiality benchmark (NIA 320.A4)
  • Performance materiality buffer
  • Independence vetting (NIA 220 / IESBA Sec 290)
  • Cartera valuation assertion — RMM
  • Inventory presentation & disclosure — RMM
  • Significant-risk linkage map (risk → assertion → procedure → evidence)
  • Order-to-cash approach (NIA 330.18)
  • Treatment of 8 non-responses (NIA 505.A18)
  • ECL audit approach (NIA 540 + NIIF 9)
  • NIC 8 inventory policy change treatment

What participants track

What participants follow on screen as the rounds go by:

  • Planeación (NIA 300)
  • Engagement Decisions
  • Engagement Log
  • Audit Risk Components by Round
  • SUM vs Performance Materiality (COP M)

Subjects covered

Designed for courses in Auditing & Assurance.

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