IRBA Public Inspection Report 2023
Presenters : Lettie Janse van Vuuren CA(SA)
Overview
On 2 February 2024, IRBA unveiled its latest 2023 Public Inspections Report. This report, spotlighting recurring quality deficiency themes identified in the inaugural year of their second year of the 8th Inspections Cycle, is themed "With a Commitment to Promote Improvement and Remediation of Audit Quality."
It is imperative for registered auditors, including independent reviewers, to integrate the insights from the latest IRBA Inspections Report into their practices. This incorporation is essential for fortifying their quality control processes. Understanding the errors made by other practices empowers firms and their assurance staff to take proactive measures, preventing the recurrence of identified deficiencies within their own practices.
Join us for an informative session with Lettie Janse van Vuuren CA(SA) as she delves into the 2023 outcomes, highlighting key deficiencies, common themes, and presenting remedial action plans, along with recommending good practices for implementation in your professional practice.
Learning objectives
Attending this webinar will equip you with the following skills:
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Familiarity with IRBA's inspection strategy for the second year of the 8th Inspection Cycle.
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Stay informed about the details outlined in the most recent IRBA Inspections Report, which include notable findings, recommendations, and other pertinent information.
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Understand the fundamental pre-requisites associated with the remedial action process.
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Stay informed about crucial elements pertaining to Information technology and best practices.
Content
The webinar will cover the following topics:
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Introduction:
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Reflection on the 2nd year of the 8th Inspection cycle.
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Inspections approach.
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Analysis of findings and summary of the IRBA 2023 Public Inspections Report:
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Overview of inspection results 2023.
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Key inspection themes and trends.
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Individual Assurance Engagement:
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Information Technology.
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Good practices.
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Remedial Action Process on Internal Monitoring and Recurring inspections findings
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