Public Sector Auditing
Presenters : Nestene Botha CA(SA)
Overview
Auditing practitioners in the public sector require thorough understanding of all key regulatory frameworks and guidance issued by the Independent Regulatory Board for Auditors (IRBA) and the Auditor-General of South Africa (AGSA).
This webinar will focus on how to effectively conduct audits in the public sector, focusing on compliance, quality, and accountability. This knowledge will assist in enhancing transparency, promote efficiency, and reinforce accountability within the public sector.
Join Nestene Botha CA(SA) for this insightful and informative session that will strengthen your ability to deliver audits that promote accountability and excellence.
Learning objectives
Attending this webinar will equip you with the following skills:
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Gain a clear understanding of the auditor's role in public sector auditing, including the responsibilities when the AGSA opts not to perform an audit and when audits are conducted on behalf of AGSA.
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Become familiar with the Public Audit Act (PAA), the IRBA’s and AGSA’s guidance, and how these shape the auditing process in the public sector, ensuring adherence to legal and regulatory standards.
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Understand what constitutes a material irregularity, the auditor’s responsibilities in identifying and reporting them, and the processes for addressing such irregularities.
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Learn about the necessity of maintaining high audit quality, following the AGSA’s audit methodology, and complying with both the IRBA Code of Professional Conduct and international auditing standards.
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Understanding of the broader scope of public sector audits, including audits of financial statements, reported performance information, and compliance with key legislation, as well as AGSA’s focus areas and discretionary audits.
Content
The webinar will cover the following topics:
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Overview of the IRBA Guide for Registered Auditors: Performing Audits where the AGSA has Opted Not to Perform the Audit (Revised March 2021)
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Overview of the IRBA Guide for Registered Auditors: Auditing in the Public Sector (Revised August 2019)
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Overview of the IRBA Guide for Registered Auditors: Guidance on Performing Audits on behalf of AGSA (Revised August 2021)
