M & A Assurance Update
Presenters : Caryn Maitland CA(SA)
Overview
This Assurance Update webinar will provide participants with insights into the latest developments and updates in the assurance landscape. Covering key topics such as sustainability assurance standards, the IAASB’s work plan, enhanced auditor reporting for public interest entities, and updates on critical International Standards on Auditing (ISAs), this session is designed to keep professionals informed about the evolving regulatory environment. Attendees will gain an understanding of current trends, regulatory requirements, and emerging issues in assurance practices to stay ahead in their field.
Learning Objectives
Attending this webinar will equip you with the following skills: • Gain knowledge of the IAASB's strategy and work plan for 2024-2027.
• Understand the latest developments in sustainability assurance, including ISSA 5000.
• Learn about revisions to key auditing standards, including ISA 570 (Going Concern) and ISA 240 (Fraud).
• Explore how public interest entity definitions impact auditor reporting and engagement.
• Get insights into technology's role in assurance, including cybersecurity and AI implications.
Content
The webinar will cover the following topics:
• IAASB Strategy and Work Plan (2024-2027)
o Key projects: fraud, going concern, and sustainability assurance.
o Collaboration with global stakeholders.
• Sustainability Assurance
o ISSA 5000: Comprehensive framework for sustainability reporting.
o Assurance levels: Limited vs. reasonable assurance.
• Public Interest Entity (PIE) Definition
o Impact of PIE on auditor independence and reporting.
o Narrow scope amendments to ISAs and ISQMs.
• Key Audit Standard Updates
o ED ISA 570 (Going Concern): Strengthening auditor evaluation and reporting.
o ED ISA 240 (Fraud): Auditor responsibilities related to fraud in financial statements.
• Technology in Assurance
o Cybersecurity audits: Importance and execution.
o AI in accounting: Trends and impact on assurance work.
