Overview    

Audit planning and strategy are critical components of the auditing process, ensuring that audits are conducted efficiently, effectively, and in accordance with professional standards. This part of the audit process involves careful consideration of various factors such as the nature and complexity of the entity being audited, potential risks, regulatory requirements, and the overall audit approach.  

By developing a comprehensive audit plan and strategy, auditors can establish a roadmap for conducting the audit that maximises effectiveness while minimising disruptions to the audited entity's operations. 

We invite you to join Lettie Janse van Vuuren CA(SA) on 30 April 2024 from 10:00 a.m. to 12:00 p.m. as she discusses the step by step approach to audit planning and strategy.  

Learning objectives   

  Attending this webinar will equip you with the following skills:  

• Have full appreciation of the importance of audit planning and strategy in the overall audit process. 

• Recognise the factors that influence audit planning and strategy decisions. 

• Gain insights into the role of risk assessment in audit planning. 

• Understand the significance of communication and coordination in implementing audit plans and strategies. 

• Learn how to adapt audit plans and strategies to address changes in circumstances or audit objectives. 

 Content   

  The webinar will cover the following topics:  

• Introduction to Audit Planning and Strategy: 

  • Definition and importance of audit planning and strategy. 

  • Overview of the audit planning process. 

• Key Components of Audit Planning and Strategy: 

  • Establishing audit objectives. 

  • Identifying key risks. 

  • Determining materiality thresholds. 

  • Developing an audit approach. 

  • Allocating resources effectively. 

• Factors Influencing Audit Planning and Strategy Decisions: 

  • Nature and complexity of the audited entity. 

  • Industry-specific considerations. 

  • Regulatory requirements. 

  • Prior audit findings and recommendations. 

• Risk Assessment in Audit Planning: 

  • Understanding the concept of risk in auditing. 

  • Techniques for assessing and evaluating audit risks. 

  • Incorporating risk assessment into the audit plan and strategy. 

• Communication and Coordination: 

  • Importance of communication with key stakeholders. 

  • Coordination with management and other audit team members. 

  • Ensuring alignment of audit plans with organizational objectives. 

• Adapting Audit Plans and Strategies: 

  • Monitoring and evaluating the effectiveness of audit plans. 

  • Responding to changes in circumstances or audit objectives. 

  • Flexibility in adjusting audit approaches as necessary. 

• Case Studies and Practical Examples: 

  • Real-world examples illustrating effective audit planning and strategy. 

  • Discussion of challenges and best practices in audit planning and strategy implementation. 

• Summary and Conclusion: 

  • Recap of key concepts covered in the module. 

  • Importance of effective audit planning and strategy in ensuring audit quality and efficiency. 

  • Final thoughts on the role of audit planning and strategy in the broader context of auditing. 

 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, 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. 

• Practising accountants including: CA(SA) and AGA(SA).  

• Independent reviewers.  

• Practice managers.  

• Trainee accountants.  

  Price               

• R450.00 - Online admission - Individual.  

• Group Price 1 - From R184 per person (up to 5 users)  

• Group Price 2 - From R121 per person (up to 10 users)  

• Group Price 3 - From R109 per person (over 11 users)  

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:  

• 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.  

Corporate training solutions  

At the Accounting Academy, we recognize the evolving needs of businesses in today's dynamic environment. Beyond our standard webinar offerings, we provide tailored corporate training solutions designed to empower your team with the latest in accounting and professional skills. Whether you're looking for online sessions or face-to-face training, our programs are crafted to ensure a comprehensive and engaging learning experience.  

Drawing inspiration from modern training methodologies, our corporate solutions are interactive, adaptable, and focused on real-world applications. We prioritize hands-on learning, ensuring your team can immediately apply their newfound knowledge in practical scenarios.  

Interested in a bespoke corporate training experience? Reach out to us at [email protected] or call 010 593 0466. Together, let's design a training program that elevates your team's capabilities and aligns with your organizational goals.  

Contact us  

 Have any questions or need any assistance? Contact us today!  

• Online chat through our website.  

• WhatsApp: Start chatting (+27635026114)  

• Phone: 010 593 0466  

• E-mail: [email protected]