Overview

A two part session looking at Auditing Updates and Common Issues when conducting Auditing Reviews.

09:30 - 12:30: Auditing Update

13:30 - 15:30: Common issues of Audit Monitoring Reviews

2023 will be a very busy year for auditors. There are significant changes to auditing standards on fraud and risk assessment, practitioners will still be getting to grips with ISQM 1 (quality management) and a lot of focus will still remain on ensuring that firms are providing adequate training on audit ethics. This course will cover all the important details and provide practical advice on how to address the rules.

Auditing Update

• Audit exemption scenarios
• ISA 315 revised – practical issues
• Fraud & ISA 240 revised – practical issues
• Other changes in the pipeline
• Problem areas from audit cold file reviews – our top 10
• Refresher on resignation
• Charity scrutiny round up

Common issues of Audit Monitoring Reviews

A presentation by the ACCA audit compliance team.

• How monitoring is being undertaken
• Getting ready for your monitoring visit
• Common issues identified at audit monitoring
• Common non-audit issues being identified Compliance with IES 8 Preparing a root cause analysis and action plan. 

Recorded on 25 April 2023. 

Peter Herbert

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.

ACCA audit compliance team.

Fee: 115 GBP + VAT (138.00 GBP) per delegate

5 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 Continuous Learning Team.

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