Auditing Update

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.

Key benefits:

• 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

Key features:

• 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

SPEAKER

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.

£60 + VAT (£72.00) per person

3 CPD Units

1 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.

This event is organised by ACCA UK's Continuous Learning.

If you have any queries regarding this event please contact us on:

UKCL@accaglobal.com