Overview

In the IRBA submission to Parliament on the Steinhof accounting scandal, IRBA noted the deficiencies in the current regulation in the audit profession. Auditors are not keeping track of the significant changes to audit reporting and communication, and integration with ethics and professional scepticism introduced since 2014 by the IAASB. This event will provide an update and practical discussion of changes to the suite of standards resulting from projects completed from 2014 to date.

Learning Objectives

The objective of the course is to provide you with an:

• Appreciation of the public interest scope of audit standards
• Understanding of how the current accounting scandals will impact the profession
• Overview of the latest enhancements and improvements to audit standards
• Ability to share the new developments with their staff and fellow directors
• Advanced warning to enable early correction to audit processes and systems

Content

The course will cover the following topics:

• ISA 260 and ISA 265
  • What are the requirements for communicating with management and Boards?
  • How to communicate deficiencies in internal controls
• ISA 700, 701, 705 and 706: 
  • What are the new requirements for audit reporting and how do these impact the audit process?
• ISA 250: 
  • How does NOCLAR impact the role and responsibilities of an auditor
• ISA220: 
  • How to improve quality control compliance
  • What are the current global trends in quality control review findings

Obtaining your CPD certificate

Earn a recognised CPD certificate from the SA Accounting Academy. On completion of the seminar/webinar, you will earn a CPD certificate to claim CPD hours from your professional body. This provides powerful proof of your new competencies and you can use it to set yourself apart from the rest and get recognised in the job market.

Attendance of the half-day seminar/webinar will accrue 4 CPD hour for members of a relevant professional body such as ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA.

Complete the free online assessment at the end of the event and receive an additional 1 CPD hours. 

Who should attend:

• Auditors 
• Audit team members
• CAs, PAs, BAPs and others providing support to auditors in completing working papers

Investment

If you are an existing CPD subscriber on Chartered Accountant package, you will be able to register for this event free.

Members who are not existing Chartered Accountant CPD subscribers will have to pay from R399 - R950, depending on if you attend the webinar or seminar.