Overview   

IRBA released their latest Public Inspections Report which reveals recurring quality deficiency themes identified in the final year of their 6th Inspections Cycle. 

Registered Auditors must apply the contents of the latest IRBA Inspections Report in their practices 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 practices.  

Technical expert Lettie Janse van Vuuren CA(SA), RA 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. Join her in this webinar as she reviews the findings of the latest IRBA inspections report. She will discuss the common trouble areas, risks and identify practical measures to safeguard your engagement working papers and much more.  

Learning objectives  

After attending this webinar you should: 

• Be aware of the contents of the latest IRBA Inspections Report; 

• Be aware of the basic requirements relating to root-cause analysis, remedial action process and action plans; 

• Be able to identify shortcomings within your own audit practice; 

• Be able to inform your staff how to improve and maintain audit quality; and 

• Know how to pass your upcoming IRBA inspections; 

• Be aware of what was communicated at the SAICA Information Session held on 20 February 2019; 

Course content  

The following topics will be covered in the webinar:  

• Analysis of findings and summary of the IRBA 2018 Public Inspections Report: 

  • Objective; 

  • Background and focus areas; 

  • Overview of inspection results; 

  • Key inspection deficiencies found; 

  • Remedial Action Process - including root cause analysis and remedial action plan; 

  • Why did auditors get referred to IRBA’s Investigations Department? 

  • Sanctions implemented by IRBA; and 

  • Future outlook - What to expect next? 

• Summary of the SAICA Information Session hosted on 20 February 2019. 

Obtaining your CPD certificate 

Attendance of this 2-hour webinar will accrue 2 CPD hours for members of a relevant professional body such as 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 SAICA, AAT, SAIPA, SAIBA, IAC, CIS and others. 

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

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). 

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; 

• Audit supervisors/ managers; 

• Audit trainees; and 

• Personnel involved in audit/ assurance engagements.

Price:         

• R 399.00 - Online admission - Individual. 

• R 699.00 - Online admission - Company. 

• Choose Individual if you would like to attend this event yourself or choose Company if you would like to share this event to with your entire firm. 

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

• Click here to create a profile and then register for the event (There is no charge to create a user profile and gain access to our free Monthly Practice Management Series). 

Additional material  

By attending this webinar you will be provided with: 

• Summarised slide presentation,  

• Detailed course material and reference documents.   

• You can ask questions during the webinar via the online portal, and you will also have access to me the presenter via e-mail after the webinar.