Overview   

Adherence to good quality control processes is a must in any undertaking. IRBA normally releases annual inspection findings that highlight quality deficiencies identified. But due to the recurrence of quality deficiency themes identified in the quarter ended June 2019, IRBA have released the top five engagement inspection themes thus far. 

Registered Auditors should apply the latest IRBA inspection findings 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 the identified deficiencies within their own practice.  

Join technical expert Lettie Janse van Vuuren CA(SA), RA on 2 October 2019, from 10:00 a.m to 12:00 p.m as she reviews the top five engagement inspection findings in 2019, and shares her practical tips regarding inspections.

Learning objectives  

By the end of this event the participant should: 

• Be aware of the latest Top 5 IRBA engagement inspections themes, including:  

  • Detail on exactly what other auditors do wrong; and  

  • An understanding of what could be done to rectify the deficiencies.  

• Know how to identify similar shortcomings within own audit practice; 

• Know the actions necessary for good quality IRBA inspections; 

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

• Be able to adapt standardised working papers to incorporate documents addressing deficiencies identified in this webinar; 

• Be aware of important information communicated at the SAICA Information Session – held on 20 February 2019; and 

• Be aware of important information communicated at the IRBA Information session on Lack of Evidence – held on 21 June 2018. 

Content 

The webinar will cover the following topics:  

• Background to the annual Public Inspections Reports. 

• Overview of the IRBA 7th inspections cycle and process.  

• Review of the Top 5 Engagement Inspection Themes for 2019. 

• IFIAR Survey of audit inspection findings. 

• Helpful resources: 

  • IRBA Information Session on Lack of Evidence. 

  • SAICA Information Session on 2018 IRBA Inspections Report. 

• Tips for avoiding IRBA re-inspections. 

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 

Technical expert Lettie Janse van Vuuren CA(SA), RA has over the last 20 years trained thousands of partners, managers, trainee accountants and other professionals. She 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.  

She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.    

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; 

• Quality control personnel; and  

• Other assurance engagement 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 (link to new profile creation) 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 (link to Technical Resource Centre) 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 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar