Overview

The International Auditing and Assurance Standards Board (IAASB) regularly reviews and updates International Standards on Auditing (ISA) in order to improve the quality of audits. Recently, significant changes were made by the IAASA to audit risk assessment, risk assessment response, ethics and audit quality (see full list below under content). These changes require auditors to significantly change elements of their audit quality management and potentially their audit methodologies as well. 

This webinar presented by Bronwyn MacCallum CA(SA) deals with the relevant quality management standards, relevant ISAs, their objectives, and application as well as other related explanatory material. The webinar will guide delegates in meeting the requirements of ISA 200 which requires that a registered auditor must have an understanding of the entire ISA standard, its application, explanatory material, and objectives, as well as the requirements of the new suite of quality management standards.  

Learning objectives

By the end of this webinar you should be able to:

• Have a working-knowledge of Quality Management Standards and ISAs;
• Apply the principles of the new structure of standards. 
• Understand the contents of the latest standards on audit quality.
• Identify and assess the risk of material misstatement and the auditing of estimates;
• Apply recent amendments to ISAs; and 
• Understand recent publications by the IESBA affecting ethical requirements. 

Content

The webinar will cover the following topics: 

• Overview of IAASB’s projects in 2020 and 2021.
• The new suite of Quality Management Standards:

• ISQM1: Quality Management for Firms that Perform Audits or Reviews.
• ISQM2: Engagement Quality Reviews.
• ISA220(Revised): Quality Management for an Audit of Financial Statements.
• ISA315(Revised): Identifying and assessing the risk of material misstatement.
• ISA540(Revised): Auditing Accounting Estimates and Related Disclosures.

• Unpacking IRBA’s Public Inspections Report and related global trends.
• New pronouncements by IESBA:

• Impact on ethics.
• Impact on practice management.

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

Bronwyn MacCallum CA(SA)

Bronwyn qualified as a CA(SA) in 2004 and has spent time in private practice as a partner and later director of small and medium firms as well as a tenure at the Auditor-General of South Africa as a Senior Manager and SAICA Training Officer.

Her current professional focus is on the design, implementation and monitoring of systems of quality control in the auditing profession for firms and for engagements. Bronwyn has also spent many years lecturing Auditing, IFRS and Public Financial Management at undergraduate, post-graduate and professional levels, both face-to-face and in the design and implementation of blended and on-line learning platforms. Bronwyn has played active roles at both SAICA and IRBA in board sub-committees related to professional practical training and development, and in public sector governance structures and audit committees.

Who should attend?

The following persons will benefit from attending this webinar:

• Registered auditors;
• Professional accountants including: CA(SA), PA(SA) and BAP(SA); and
• Audit trainees & support staff.

Price

R 575.00 - Online admission - Individual.

R 950.00 - Online admission - Company.

Additional material

By attending this webinar you will be provided with:

• A 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 the presenter after the webinar.