Who Should Attend?
This course was recorded on April 2022 and is suitable for accountants, auditors, and other business
professionals, both from small and mid-sized practices and in business, from
across the island of Ireland.
Course Overview
The key auditing related issues that will be covered during this session will
include:
- Audit Planning, including key changes to your Audit Planning Memorandum,
and gaining an understanding of how the Ethical Standards impact on your
audit,
- Going Concern requirements under ISA 570,
- Auditing Accounting Estimates under ISA 540 and increased level of
uncertainties,
- Ensuring your compliance to 2022 Changes to the Quality Management and IES
Procedures,
- The new and increased Audit Risks that you face at this time, such as
fraud and how ISA 240 changes will impact your work,
- Audit of Income, Expenditure and Transactions,
- Impairments of Assets (Including Stocks and Debtors) and Investment
Property,
- Enhanced Audit Completion Procedures/documentation, including the Letter
of Representation,
- Typical areas for improvement in the audit of SMEs, as identified by both
the Institute Professional Standards and Practice Consulting teams; and
- Reporting to Regulatory bodies should the need arise (e.g., Anti-Money
Laundering or Company Law issues).
While recent enhancements to the Institute PQAs will be referenced during
this session, the key audit issues covered throughout the course will make it
also highly relevant to non-PQA users.
Key Learning Outcomes
By the end of this course, participants will be able to:
- Appreciate the key auditing issues for micro, small and medium sized
companies that have arisen over the last 12 months and how to address
these.
- Understand the new Quality Management Standards and how best to implement
these in your audits/practice.
Speaker Bio's
Conal Kennedy FCA - is Head of Practice Consulting in Chartered Accountants
Ireland. He and his team provide advice and support to practices throughout
Ireland, and publish a range of practice toolkits covering audit, accounting and
compliance. Over a 12 year period in Practice Consulting, Conal has coached and
advised many practices through major change events such as mergers, acquisitions
and retirements. He has also advised on practice development and marketing.
Jeremy Twomey FCA - in his role as Practice Consulting Manager works to
support our member practitioners across our service areas, with a particular
focus on compliance support, training and our associated advisory services.
Jeremy is a Fellow of the Institute, having trained with Ernst & Young; he
has held senior management positions across both financial and professional
services, as well as the public sector.
Contact us
If you have any questions regarding this or any other CPD course or
requirements, please feel free to contact the team here or call us at (+353) 01 523
3930
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