Annual Audit Update: Focus on Recent ISA Amendments
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
The International Auditing and Assurance Standards Board (IAASB) recognizes that the landscape of auditing and assurance is ever-evolving. As a result, the International Standards on Auditing (ISA) are subject to regular updates and replacements to ensure an ongoing enhancement of audit quality.
Concurrently, the International Standard on Quality Management (ISQM) is also a dynamic framework that continues to evolve to meet the changing demands of the profession and maintain high standards of quality in audit engagements (ISQM 1 and ISQM 2 are recent changes). Some of the IAASB's other projects include:
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ISA 500 (Revised) - Audit Evidence
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ISA for Audit of Financial Statements of Less Complex Entities
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ISA 240 - The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
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ISA 570 (Revised) - Going Concern
Join Lettie Janse van Vuuren for this session where you get the opportunity to enhance your knowledge and stay abreast of evolving standards, equipping you to perform audits with greater confidence and proficiency.
Learning objectives
Attending this webinar will equip you with the following skills:
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A high level understanding of the various auditing Standards and related resources that are new, or have been updated or revised.
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Knowledge of technical areas to look out for with regards to new Standards becoming effective in the coming year.
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Have a general summarised understanding of the substance of the changes in auditing Standards and related resources.
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Have full awareness of all projects that are in progress and proposed projects that inform you of future developments.
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Improve the quality of your assurance engagements through access to resources that can be used for internal training purposes.
Content
The webinar will cover the following topics:
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Auditing standards and pronouncements (new ones issued).
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Auditing standards (released in the past - effective now).
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Updated illustrative reports (for industry-specific engagements).
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Amendments to the ethical Code of Conduct.
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Guides and circulars (new and updated).
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IAASB projects (proposed and in progress).
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IESBA projects (proposed and in progress).
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Additional resources available.
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