Overview     

IRBA released their brand new 2021 Public Inspections Report which reveals recurring quality deficiency themes identified in the 3rd and final year of their 7th Inspections Cycle. 

Registered auditors must apply the contents of the latest IRBA Inspections Report in their practice and quality control processes. All attest and assurance staff must stay informed about mistakes made by other practices that have been inspected by IRBA, and take measures to prevent the identified deficiencies within their own practice.  This includes independent reviewers too because an independent review is regarded as assurance work. 

This webinar will provide the participants with in-depth understanding of the 2021 inspection’s outcomes, key deficiencies, common themes as well as the remedial action plans and activities by the firms. Join our technical expert Lettie Janse van Vuuren CA(SA) on 12 April 2022 from 10:00 a.m. to 12:00 p.m. as she reviews the findings of this report from both the firm and file review engagement level, where she will discuss the common trouble areas, risks and identify practical measures to safeguard your engagement working papers and much more. 

Learning objectives  & competencies developed 

  Competencies developed in this CPD webinar:   

• Awareness of the 7th Inspection Cycle that has included. 

• Awareness of the new IRBA 5-year strategy. 

• Knowledge of the contents of the latest IRBA Inspections Report.  

• Knowledge of how to identify similar shortcomings in own practice. 

• Knowledge of how to pass upcoming IRBA inspections by improving and maintaining audit quality. 

Content   

   The webinar will cover the following topics:   

• Introduction: 

  • Reflection on the 7th Inspection cycle. 

  • Overview of the new IRBA 5-year strategy. 

• The IRBA 2021 Public Inspections Report: 

  • Findings and summary. 

  • Overview of inspection results 2021. 

  • Key inspection themes comprising deficiencies: 

    • Firm-wide deficiencies. 

    • Individual assurance engagement deficiencies.  

  • Remedial Action Process:  

    • Top 5 reportable deficiencies. 

    • Remedial action plan.  

• Conclusion. 

Obtaining your CPD certificate   

This training is compliant with the International Education Standard (IES7) issued by the International Federation of Accountants and recognised for CPD by relevant professional bodies including ACCA, CIMA, IAC, IIA, SAIBA, SAICA and SAIPA. 

All attendees are issued with a CPD certificate available in an online profile.   

About the presenter  

Lettie Janse van Vuuren CA(SA), RA  

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.   

She is responsible for researching, compiling and presenting our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).  

Who should attend   

   The following persons will benefit from attending this webinar:   

• Registered auditors. 

• Audit managers. 

• Independent reviewers. 

• Audit trainees.   

Price               

• R 450.00 - Online admission - Individual. 

• Group Price 1 - R699 (maximum of 5 attendees) 

• Group Price 2 - R1 850 (maximum of 10 attendees) 

• Group Price 3 - R2 650 (maximum of 15 attendees) 

Steps to register for the event:   

 If you already have a profile, login and register for the webinar.  

If you don’t have a profile, create a free profile then login and register for the webinar.  

Click here to create a free profile (There is no charge to create a profile and gain access to our free Monthly Practice Management Series).  

Click here to find out about the Technical Resource Centre & CPD Subscription options.    

 Additional material  

   By attending this webinar you will be provided with:  

• Summarised slide presentation;  

• Detailed course material; 

• Source documents for reference/resource library; and   

• You can ask questions during the webinar and you will also have access to the presenter after the webinar.