Format
This 3.5 hour session will be delivered via Zoom on Friday 12
December from 2 pm 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 will be delivered via Zoom on Tuesday 12 December from 2pm to
5.30pm. The Zoom link will be emailed to participants the day before the course
is due to take place.
Course overview
While the exact content of this webinar will be agreed closer to its airing,
some of the likely issues to be covered 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,
- 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).
How best to employ the 2023 Institute Procedures for Quality Audit (PQAs), as
well as our ISQM Resource Pack, will also be referenced during this session,
with useful examples included.
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.
- 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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