IRBA Enforcement Report
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
The IRBA Enforcement Report for the 2023/2024 year revealed recurring themes in improper conduct by auditors. IRBA’s enforcement process is a critical mechanism for maintaining accountability, transparency and high ethical standards in the audit profession. This webinar highlights the importance of understanding the enforcement process, regulatory expectations and the recurring themes identified in the report.
Join Lettie Janse van Vuuren CA(SA) as she examines disciplinary trends and case outcomes that will provide valuable insights to help prevent misconduct and enhance the quality of your professional practices.
Learning objectives
Attending this webinar will equip you with the following skills:
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Become aware of the IRBA disciplinary and enforcement processes, including important concepts.
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Gain an awareness of the relevant regulatory requirements for auditors, including the IRBA Enforcement Framework.
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Know the contents of the latest IRBA Enforcement Report for the 2023/2024 year, including an overview of statistics, analysis of enforcement themes and a summary of recurring themes in improper conduct by auditors.
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Understand the IRBA Sanctions process, including the latest maximum monetary fines as per the APA.
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Know future initiatives and resources that IRBA will undertake and/or provide.
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Reflect on the lessons learnt and identify shortcomings in your own practices.
Content
The webinar will cover the following topics:
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Introduction:
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Important concepts (transparency, public interest, fairness, commitment to ethics, etc.)
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IRBA’s disciplinary processes (investigation, charges, prosecution at disciplinary level)
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Regulatory requirements for auditors:
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Code of Conduct
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Auditing & Assurance standards
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IRBA Enforcement Framework
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Analysis of themes and summary of the IRBA Enforcement Report for the 2023/2024 year (including Summary of Recurring themes in improper conduct by auditors )
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IRBA Sanctions:
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Maximum monetary fines as per the APA;
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Future outlook; and
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Conclusion.
