Engagement Quality Reviews (ISA 220)
Presenters : Nestene Botha CA(SA)
Overview
Quality management is no longer a check-box exercise in a back office. Following South Africa’s removal from the FATF grey list, regulators are sharpening their focus on the audit profession to maintain financial integrity. The IRBA is no longer just inspecting; they are demanding proof of systemic quality management at the engagement level.
If you are still relying on old-school review practices, you are exposing your firm to serious regulatory risk.
Join Nestene Botha CA(SA) she unpacks ISA 220 (Revised), clarifies engagement partner responsibilities and explains how engagement quality reviews function within the broader quality management framework established by ISQM 1 and ISQM 2.
Learning objectives
Attending this webinar will equip you with the following skills:
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Master the engagement-level responsibilities required by ISA 220 (Revised)
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Identify how engagement quality reviews must integrate with ISQM 1 and ISQM 2
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Understand the practical application of root cause analysis when audit procedures fail
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Apply strengthened documentation requirements to mitigate regulatory risk
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Mitigate inspection findings by enhancing professional scepticism in your review process
Content
The webinar will cover the following topics:
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The Regulatory Imperative: Post-grey list pressure
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ISA 220 (Revised) Fundamentals: Engagement partner accountability
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The Interaction Framework: ISA 220 (Revised) with ISQM 1 and 2
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Practical Engagement Quality Reviews (EQRs): Competence, timing, and documentation
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The Reality of IRBA Inspections: Common pitfalls and how to avoid them
