Overview

The COVID-19 pandemic environment we are still in has led to measures such as social distancing which have changed the way that auditors and their clients interact. But while much of the environment has changed, the auditors' need to ensure that they maintain commitment to audit quality and professional standards has not changed at all.

The focus on auditor’s reports has increased in the current environment as investors and other users of financial statements seek greater transparency from entities around the impacts of COVID-19 in the financial statements, as well as greater transparency into the audit. COVID-19 has resulted in a rise in modifications to the auditor’s opinion, inclusion of material uncertainties relating to going concern, use of emphasis of matter paragraphs, and for listed entities, implications for key audit matters (KAMs). 

During this webinar, we will focus on practical audit quality considerations for each phase of the audit during this pandemic.

Join our technical expert Lettie Janse van Vuuren CA(SA) on 20 August 2020 from 10:00 a.m. - 12:00 p.m. as she lays out practical audit quality considerations you need to take careful note of during this pandemic.

Learning objectives

By the end of this event the attendee will:

• Understand that the COVID-19 environment has a direct impact on auditing;
• Be aware of the wider consequences that may result from COVID-19 and our national lockdown;
• Understand that audit quality is a must - even during this pandemic; and
• Know practical considerations that will ensure good audit quality.

Content

The webinar will cover the following topics:

• Introduction.
• Impact of COVID-19 on the auditing environment.
• The wider consequences:
  • Remote working and people wellness.
  • Risk identification and internal controls.
  • Materiality.
  • Ethics/independence.
  • Obtaining audit evidence remotely.
  • Inventory.
  • Documentation.
  • Accounting estimates.
  • Engagement Quality Reviews.
  • Going concern.
  • Auditor reports.

Obtaining your CPD certificate

This webinar qualifies for 2 CPD hours with your professional body including: 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 all relevant professional bodies. 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:

• Professional accountants including: RA, CA(SA), PA(SA) and BAP(SA).
• Audit managers/supervisors.
• Audit trainees/assurance staff.

Price

• R 475.00 - Online admission - Individual.

• R 950.00 - Online admission - Company.

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:

• Summarised slide presentation;
• Reference documents and/or course material where available; and
• You can ask questions during the webinar and you will also have access to the presenter after the webinar.