Format
This 3.5 hour session will be delivered via Zoom
on Wednesday 11 December from 2 to 5.30pm. The Zoom link will be emailed to
participants the day before the course is due to take place.
Who ghould 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
- 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, the lessons
learned since implementation of these requirements in December 2022 and how to
now refine your QM system,
- How to achieve the right balance between Controls
& Substantive Testing,
- Going Concern requirements under ISA 570,
- Group Audits, the challenges you face, and the
improvements that can be made to your audit work. The revised ISA 600 will
also be discussed,
- Incomplete Audit Evidence & the new ISA 505,
- Sustainability Assurance – what is coming?
- Impacts of upcoming changes to FRS 102 & 105, as
well as Company Size, Threshold & Audit Exemption Rule Changes on your
audits,
- Other points to consider, such as the key points to
remember when undertaking a first-year audit and how the Ethical Standards
impact on your audits,
- 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, Fraud or Company Law issues).
How best to employ the 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
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 17 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
LOADING...