Annual Audit (ISA) Update
Presenters : Jako Liebenberg CA(SA)
Overview
The Annual Audit (ISA) Update provides Registered Auditors, audit partners, audit managers and experienced assurance professionals with an overview of the latest developments in International Standards on Auditing (ISAs), International Standards on Quality Management (ISQMs), IRBA pronouncements and audit quality inspection findings. The webinar focuses on significant developments affecting audit planning, execution, evidence, reporting, professional judgement, ethics and quality management, while highlighting practical lessons from recent IRBA audit quality inspections and practice reviews.
Join Jako Liebenberg CA(SA) on 16 September 2026 from 10:00 am to 12:00 pm as he unpacks the latest auditing and regulatory developments and explores how practitioners can apply these requirements in practice. The session will also examine recurring audit quality deficiencies identified by IRBA and provide practical guidance on strengthening audit files, quality management processes and overall IRBA inspection readiness.
Learning objectives
Attending this webinar will equip you with the following skills:
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Identify the latest ISA, ISQM, IAASB and IRBA developments, including their effective dates and implications for South African audit practices.
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Understand the key changes to significant auditing standards, including ISA 240 (Revised) on fraud and ISA 570 (Revised 2024) on going concern.
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Identify recurring audit quality deficiencies highlighted through IRBA Audit Quality Inspections and Practice Reviews and understand their implications for audit engagements.
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Apply practical lessons from IRBA inspection findings to improve risk assessment, professional scepticism, audit evidence, accounting estimates, fraud procedures, going concern assessments, independence and audit documentation.
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Evaluate and strengthen ISQM 1, ISQM 2 and ISA 220 (Revised) processes to improve engagement-level and firm-level quality management and enhance readiness for IRBA inspections.
Content
The webinar will cover the following topics:
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South African Auditing and Assurance Regulatory Framework
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Recent IRBA and IAASB Audit Pronouncements
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ISA 240 (Revised) – The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
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ISA 570 (Revised 2024) – Going Concern
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ISQM 1 – Quality Management for Firms
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ISQM 2 – Engagement Quality Reviews
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ISA 220 (Revised) – Quality Management for an Audit of Financial Statements
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IRBA Audit Quality Inspections and Practice Review Findings
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Recurring Engagement-Level Audit Quality Deficiencies
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ISA 500 – Audit Evidence and Sufficiency of Audit Documentation
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ISA 540 (Revised) – Auditing Accounting Estimates and Related Disclosures
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Auditor’s Use of Experts and Specialists
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Independence, Ethics and Public Interest Entities
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Reportable Irregularities and NOCLAR
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Auditor Reporting and SAAPS 3
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Practical IRBA Inspection Readiness
