There is lots changing in the world of audit. Firms are still grappling with changes that took effect in 2021. There are big changes in the pipeline affecting risk assessment and quality management and there’s a plethora of feedback from professional bodies to take on board.
Understand important recent and prospective future changes to auditing regulations
Be able to produce high quality working papers which comply with auditing standards
Have a good handle on the FRC ethical standard and the steps firms need to take to comply with it
Understand where firms go wrong when performing and documenting audits and how to avoid common pitfalls
Be well prepared for cold file reviews and audit ACCA inspection visits
Revisions to ISAs on going concern, accounting estimates and audit reports 12 months on
Big changes in the pipeline – ISA (UK) 315 revised and quality management standards
Issues arising from FRC disciplinary cases and what they mean for smaller practices
Important feedback points on audit quality from cold file reviews and ACCA inspection visits
Key tips and traps when drafting audit reports
Sampling and materiality – a refresher and update on two very hot topics
Peter Herbert BSc FCA, Director - insight training
Peter qualified as a Chartered Accountant with an international accountancy firm before working in industry. He has over 20 years of training experience and is a founding director of Insight Training. Peter specialises in financial reporting, auditing, practice regulation and company law, as well as commercial awareness and business skills. He has a small practice, providing advice to mid-tier and small accountancy practices on aspects of accounting, auditing and practice regulation.
3 CPD Units1 hour of learning = 1 unit of CPD
ACCA members can use this learning to meet their CPD requirements provided it is relevant to their career. If the event contributes to general knowledge and skills, it should be recorded as non-verifiable CPD. If the learning can be applied in the workplace, it will contribute to verifiable CPD.
£60 + VAT (£72.00) per person
This event is organised by ACCA UK's Continuous Learning.
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