Format
This 3.5 hour session will be delivered via Zoom on Wednesday 11 October from 2 pm to to 5:30 pm. 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,
- Audit Quality Management under ISQM, your next steps
as we approach the first anniversary of implementation of these requirements,
- 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,
- Group Audits, the improvements that can be made and
recent changes under ISA 600,
- 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).
Key Learning Outcomes
Appreciate the key auditing issues for micro, small and
medium sized companies that have arisen over recent months and how to address
these.
How best to employ the Institute PQAs and ISQM Resource Pack 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
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