Practical & Efficient Auditing Whilst Meeting the Regulations Recorded

Summary

Professional Standards issued guidance in their Regulatory Bulletin July 2014 highlighting some of the key areas of concern identified during the audit 2013 inspections. These areas of concern are addressed throughout this course.

Venue details:  
Online, ,
Start date & time:  
01 January 2017 00:00
End date & time:  
01 January 2020 00:00
Price: €62.50  (€62.50 Member price)
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
2.50
CPD hours:  
2.50
Speaker details
First nameLast name
Brian Murphy

Description

Product type:  
CPD online course
Category:  
Audit and assurance

This course was originally recorded in 2017

The Quality Assurance Committee and the Board of CARB were concerned to note that for 32% (40% in 2013) of firms inspected during 2014, audit quality was below that which would be expected

See link to Professional Standards July 2014 Regulator bulletin

Who should attend?

Auditors under pressure in preparing compliant audit files efficiently whilst also meeting audit requirements.

Topics Covered Include:

  • Initial Engagement and acceptance and continuance, what are the requirements, what needs to be documented
  • Documentation at the planning stage
  • Audit fieldwork. Common pitfalls to look out for, specific regulator issues identified
  • Forming the Audit Opinion
  • Documentation at the completion stage
  • Financial Statement preparation.  Common pitfalls and specific disclosures to look out for.
  • Overall quality control procedures required including ISQC 1

The learning outcomes

Participants will be better equipped to prepare a compliant audit file in accordance with the ISA’s within a tight budget and timeframe in line with audit regulations.