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Auditing with the New 2023 PQA (ROI/NI)

Summary

Join the Practice Consulting Team as they focus on the key 2023 auditing issues for micro, small and medium sized companies in the UK & Ireland, as well as how best to employ the newly updated 2023 Institute Procedures for Quality Audit (PQAs) which are due to be released prior to this webinar.

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Venue details:  
Webinar, Online, Zoom
Start date & time:  
27 April 2023 09:30
End date & time:  
27 April 2023 13:00
Price:  
By registering for this course you have accepted the terms and conditions
Training ticket cost:  
3.50 Training Tickets accepted
CPD hours:  
3.50
Schedule details Select session for meeting registration
No sessions have been associated with this event.
Speaker details
First nameLast name
Conal Kennedy
Jeremy Twomey
Product type:  
CPD course

Format

This 3.5 hour session will be delivered via Zoom on Thursday 27 Arpil from 9.30am to 1pm. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend

This course 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 how recent key changes to ISA 315 (Risk of Material Misstatement) will impact your work in this area, as well as your Controls Testing,
  • Recent changes to Audit Quality Management under ISQM, how to ensure you meet these requirements in 2023 and beyond,
  • Going Concern requirements under ISA 570,
  • Auditing Accounting Estimates under ISA 540 and increased level of uncertainties,
  • The new and increased Audit Risks that you face at this time, such as fraud and how ISA 240 changes impacts your work,
  • 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;
  • Reporting to Regulatory bodies should the need arise (e.g., Anti-Money Laundering or Company Law issues); and
  • Meeting enhanced audit related CPD requirements for those on the Irish Audit Register.

While Spring 2023 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, participans will be able to appreciate the key auditing issues for micro, small and medium sized companies that have arisen over recent months and how to address these.

Understand the Spring 2023 updates to the Institute PQAs and how best to employ these in your audits/practice.

Speaker Bios

Conal Kennedy - Conal 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 16 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-Jeremy 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

Category:  
Audit and assurance, Governance
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