Overview

Registered Auditors must apply the contents of the latest IRBA Inspections Report in their practice 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 those identified deficiencies within their own practice.

Technical expert Lettie Janse van Vuuren CA(SA), RA has assisted numerous audit practices and auditors 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.

The webinar includes:

1. A reference guide of all changes to share within the firm;
2. PPT summary of IRBA Inspections Report;
3. Interactive session with the presenter; and
4. Online Q&A.

Learning objectives

After attending this webinar attendees will understand:

• Be aware of the contents of the latest IRBA Inspections Report;
• Be able to identify shortcomings within your own audit practice;
• Be aware of the actions necessary to pass future IRBA inspections;
• Be able to inform your audit and other assurance staff on how improve and maintain audit quality;
• Be able to adapt standardised working papers to incorporate documents addressing deficiencies identified in the report.

Course content

• The objective of the report.
• Background and overview of the report.
• Key inspection deficiencies: Firm and Engagement level.
• Remedial action process.
• Sanctions: Why auditors are referred to IRBA’s Investigations Department.
• Future outlook: What to expect next?
• Comparison of IRBA findings to the recent IFIAR Report on the 2017 Global Inspections Findings Survey.
• Reference to a SAICA press release on this IFIAR report.
• Summary of all subsequent publications from IRBA and other stakeholders on the contents of this Inspections Report.

Obtaining your CPD certificate

Attendance of this 2-hour webinar series will accrue 1 CPD hour 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 2 CPD hours.

Who should attend

• Registered auditors
• Audit supervisors/managers
• Audit trainees
• Personnel responsible for/involved in quality control
• Any other personnel involved in/assisting with an audit and assurance engagement

Price

• R399-00. Register now. 
• No cost if you create a SAAA user profile. Click here to create the profile and then register for the event here. There is no charge to create a user profile. 

Additional material

You will receive 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 via e-mail after the webinar.