AUDITLAB | An immersive audit experience | Practical Learning | Elance

Welcome to AuditLab, Elance’s first-ever immersive audit experience that redefines how auditing is learned and practiced.

With 700+ student audit firms registered, AuditLab created a platform where students didn’t just study auditing — they lived the entire process step by step, gaining practical exposure at every stage of the audit cycle.

In this full video, watch the complete journey of AuditLab unfold:
1️⃣ Pre-Engagement Phase – understanding the groundwork before taking on an audit
2️⃣ Drafting Engagement Letter – learning how to initiate an audit with precision
3️⃣ Audit Planning Phase – strategizing, assessing risks, and setting clear objectives
4️⃣ Execution Stage – diving deep into audit work with a structured approach
5️⃣ Vouching & BRS – hands-on verification and reconciliation to ensure accuracy
6️⃣ Client Discussion Stage – facing real clients and an expert panel, defending their work under professional standards
7️⃣ What Our Students Gained
8️⃣ Client Testimonials – insights from professionals who challenged and guided our students

Through every discussion, challenge, and decision, students experienced what it truly means to be an auditor. They sharpened their skills, applied their classroom knowledge in real scenarios, and walked out with the confidence and clarity of future-ready professionals.


At Elance, we believe in learning by doing. AuditLab is a perfect example of how we bridge the gap between theory and practice — ensuring our students don’t just pass exams, but step into their careers ready to make an immediate impact.

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