AS
AUDIT SIMULATION
by First Resort Consulting
Professional audit simulations

Join an audit engagement team - before your first engagement.

Audit Simulation places you on a simulated engagement with an engagement ID, a client, a timetable and a reviewer. You complete professional workpapers, submit them for review, respond to review notes and complete your work - the way audit teams actually operate.

Engagement tracker · exampleFA-2026-0001
WP IDWorkpaperStatus
PA-01PA-01 Reference FileCompleted
PA-02Independence & Ethical ComplianceCompleted
PA-03Engagement Team & Resource AssessmentIn Review
PA-04Engagement Budget & Resource AllocationIn Progress
PA-05Engagement Terms & Engagement LetterNot Started
01

Professional audit training

Standards-referenced learning attached to each piece of engagement work.

02

Simulated engagement execution

Realistic workpapers on a simulated client, performed to firm-style templates.

03

Engagement management

Tracker, statuses, review notes and a submit-review-complete cycle.

04

Career readiness

Structured around a target job description and interview preparation.

Programme catalogue

Audit simulation programmes

Each programme is a complete simulated engagement. Financial Audit is open for enrolment; further programmes are in development.

Available nowFIN-AUDIT

Financial Audit

External audit of financial statements - simulated engagement
Audit type · Financial Statement Audit
Framework · ISA-based (IAASB), with ISQM 1 and the IESBA Code for quality management and independence
Duration · 30 hours · self-paced · mandatory completion within 5 weeks
View programme
Coming soonSOX-404

SOX 404

Internal control over financial reporting
Audit type · SOX 404 / ICFR
Framework · SOX Section 404; PCAOB AS 2201; COSO Internal Control framework (to be confirmed)
Duration · 30 hours · self-paced · mandatory completion within 5 weeks
View outline
Coming soonINT-AUDIT

Internal Audit

Risk-based internal assurance engagement
Audit type · Internal Audit
Framework · IIA Global Internal Audit Standards (to be confirmed)
Duration · 30 hours · self-paced · mandatory completion within 5 weeks
View outline
Coming soonINV-AUDIT

Inventory Audit

Existence, completeness and valuation of inventory
Audit type · Inventory Audit
Framework · Configured per scenario (to be confirmed)
Duration · 30 hours · self-paced · mandatory completion within 5 weeks
View outline
Coming soonBILL-ASSUR

Billing Assurance

Revenue and billing completeness and accuracy
Audit type · Billing Assurance
Framework · Configured per scenario (to be confirmed)
Duration · 30 hours · self-paced · mandatory completion within 5 weeks
View outline
Coming soonLTO-COMP

License to Operate / Compliance Audit

Regulatory licence conditions and compliance obligations
Audit type · Compliance Audit
Framework · Configured per jurisdiction / licence (to be confirmed)
Duration · 30 hours · self-paced · mandatory completion within 5 weeks
View outline
The engagement lifecycle

Every simulation follows four engagement stages

The stages are common to all programmes. What happens inside each stage depends on the audit type - a financial statement audit and a SOX 404 engagement do not test in the same way.

01Open

Pre-Audit

Acceptance, independence, resourcing, budgeting and agreeing the terms of the engagement.

02Open

Planning & Scoping

Understanding the entity, materiality, risk assessment and the overall audit strategy.

03Open

Testing

Performing planned procedures, gathering evidence and evaluating results.

04Open

Reporting

Completion, evaluation of findings and reporting to stakeholders.

The platform manages the engagement

Learning, instructions, workflow, status, submission, review, review notes, progress and module completion.

Google Workspace will hold the audit file

Workpapers, schedules, supporting documents and evidence - as they would sit in a firm's audit file. (Integration planned for a later phase.)

How a professional workpaper is built

You are taught the structure, shown a worked example, occasionally asked to build from scratch, and use professional templates for most engagement work.

ObjectiveRiskProcedureEvidenceTest StepsResultsExceptionsConclusionReviewer Sign-off
Career journey

From programme to placement readiness

The full candidate journey is shown below. Interview, CV review and assessment stages will be introduced in later releases.

1
Discover Programme
Available
2
Enrol
Admin-managed in Phase 1
3
Receive Job Description
Available
4
Baseline Interview
Future phase
5
Begin Audit Simulation
Available
6
Complete Modules
Pre-Audit available
7
Final Assessment
Future phase
8
Resume / CV Review
Future phase
9
Exit Interview
Future phase
10
Final Mock Interview
Future phase
11
Placement Ready
Future phase