Overview   

The audit of a micro-entity is a specialty that demands a clear understanding of the application of auditing standards and the benefits of the cumulative knowledge and professional judgment of a skilled auditor. The effectiveness of bringing understanding and expertise together benefits both the client and the practitioner.  

With a general reduction in the number of statutory audits, it is important for practitioners to create a niche for themselves and adapt their services in order to remain cost-effective while remaining compliant with ever-changing legislation and standards. This webinar provides insight and encouragement to auditors who are considering entering the field of auditing micro-entities and for those who want to increase their current engagement efficiency. 

This webinar was inspired by “Anatomy of a 12-Hour Audit of Micro-Entities Using International Standards on Auditing” and technical expert Lettie Janse van Vuuren CA(SA), RA has researched and summarised the most salient information for your convenience.  She will also discuss all legislated information, recent changes as well as topical articles in the media that you should be aware of. 

Learning objectives  

By the end of this event the participant should: 

• Be aware of the characteristics of a micro entity; 

• Be able to explain the benefits of performing audits to their small clients. 

• Have a quick overview of ISAs in relation to small entities. 

• Understand why micro-entity engagements are a specialty. 

• Know how to specialise in performing micro-entity engagements. 

• Know how to perform audits of small entities in a cost-effective manner. 

Content 

The webinar will cover the following topics:  

• Introduction 

  • Anatomy of a 12-hour audit of micro-entities; 

  • Pressure affecting audits of micro-Entities; 

  • Evolution of professional standards; 

  • Is a 12-hour audit feasible? 

  • What do you need to focus on? 

• Performing the audit of a micro-entity effectively and efficiently; 

• Definition of a micro-entity; 

• Objectives of the auditor of a micro-entity; 

• Requirements and assumptions; 

• Preconditions for a 12-hour audit of a micro-entity; 

• Articles on efficiency; 

• Reference to best practices and tips; and 

• Bonus documents. 

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

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

About the presenter 

Lettie Janse van Vuuren CA(SA), RA  

Technical expert Lettie Janse van Vuuren CA(SA), RA has over the last 20 years trained thousands of partners, managers, trainee accountants and other professionals. She has assisted numerous audit practices in preparation for IRBA inspections – both on firm level and individual engagement level.  She has also assisted in the formulation of the resulting remedial action process, including the root-cause analysis and action plans.  

She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.    

Lettie is passionate about improving the efficiency and standardisation at audit practices and training offices. She has extensive experience on a variety of technical and practical topics which she consults on, including: SAICA re-accreditation requirements, assistance and preparation, IRBA firm and engagement inspection assistance and preparation, CaseWare issues, audit file reviews (post-issuance monitoring and EQCR), quality control manuals and implementation, HR and other office-specific policies and procedures as well as FASSET skills development facilitation. 

Who should attend 

The following persons will benefit from attending this webinar: 

• Registered auditors, (RA). 

• Audit supervisors/ managers. 

• Trainee auditors. 

• Audit practitioners and personnel who want to specialise in the audit of micro-entities

Price     

• R 475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

Steps to register for the event:  

1. Click on register. 

2. Create a free profile and become a free member. 

3. Register for the event and check out.  

Or  

Find out more about the benefits of being a CPD subscriber and attend this event for free - Click here. 

Additional material 

By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and / or course material where available 

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