2024 IRBA Inspection Report
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
The 2024 IRBA Inspection Report provides critical insights into the state of audit quality and regulatory compliance within the profession. As part of the 8th Inspection Cycle, the report highlights key deficiencies, recurring quality issues and the necessary remedial actions firms must take to ensure compliance and continuous improvement.
Join Lettie Janse van Vuuren CA(SA) as she goes into the findings of the 2024 IRBA Inspection Report, exploring key themes, common deficiencies and best practices for firms to strengthen their audit quality and regulatory adherence.
Learning objectives
Attending this webinar will equip you with the following skills:
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Understand IRBA's inspection approach for the second year of the 8th Inspection Cycle, including key observations from 2024.
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Gain insights into the latest IRBA Inspections Report, focusing on recurring quality deficiencies, recommendations and other key findings.
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Understand the fundamental requirements of the remedial action process, including the development and implementation of remedial action plans.
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Learn how to leverage identified deficiencies as a tool for strengthening quality control and stay informed about future IRBA initiatives and resources supporting continuous improvement.
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Recognise similar deficiencies within your own firm and understand how to address them effectively.
Content
The webinar will cover the following topics:
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Introduction:
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Reflection on the 3rd year of the 8th Inspection cycle.
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Inspections approach.
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Analysis of findings and summary of the IRBA 2024 Public Inspections Report:
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Key observations from 2024.
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Overview of inspection results 2024.
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Key inspection themes at the following 2 levels:
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Firm-level.
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Individual Assurance Engagement.
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Remedial Action Process on Internal Monitoring and Recurring inspections findings.
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Moving forward - Good practices.
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Future support from IRBA.
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Conclusion.
