2020 IRBA Public Inspection Report
Presenters : Lettie Janse van Vuuren CA(SA)
Learning objectives
By the end of this event the participant should:
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Be aware of the contents of the IRBA Inspections Report, including:
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The findings - focus on recurring quality deficiencies; and
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Recommendations.
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Be aware of the basic requirements relating to the remedial action process;
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Be able to identify similar shortcomings within own practice;
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Be aware of actions necessary to pass upcoming IRBA inspections;
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Be able to inform audit/ other assurance staff on improvements and quality measures; and
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Be able to adapt standardised working papers that address deficiencies identified in the report.
Content
The webinar will cover the following topics:
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IRBA Public Inspections Report - Analysis and summary:
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Objective.
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Background and focus areas.
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Overview of inspection results.
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Key inspection themes:
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Deficiencies found at firm level.
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Deficiencies found at engagement level.
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Remedial Action Process:
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Root cause analysis.
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Remedial action plan.
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Future outlook: What to expect next?
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