5 Units
Live webinar
United Kingdom
An ACCA Continuous Learning Event
A two part session looking at Auditing Updates and Common Issues when conducting Auditing Reviews.
09:30 - 12:30: Audit Update
13:30 - 15:30: Common issues of Audit Monitoring Reviews
The regulatory landscape for auditors remains tough with the expectations of ACCA inspectors rightly extremely high. This course will update you on all recent regulatory developments and highlights key tips and traps when performing SME audits. You will also have the opportunity to ask your questions to the ACCA Compliance Team and better understand how to avoid common issues.
Audit Update outline
- Audit exemption thresholds – current rules and changes in the pipeline
- ISA 315 & 240 revised 12 months on – what we observed in practice
- Sampling and materiality – top tips and what can go wrong
- Auditing groups – common issues and how to fix them
- Problem areas from audit cold file reviews – our top 10
- Refresher on resignation
- Common audit ethics dilemmas in smaller firms
Insight in to monitoring reviews outline
Audit monitoring review process:
- Common audit issues identified
- Audit planning
- Audit evidence
- Audit completion
- Ethical breaches
- ISQM
- Overview of ISQM
- Deficiencies in ISQM in first year of implementation
- Year two - Monitoring and remediation
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- Arranging the review
- Getting ready for your review
- Undertaking and concluding the review
- Preparing a root cause analysis and action plan
- Compliance with ACCA’s CPD requirements and IES8
You will walk away from the session with a good grasp of all the important regulations in this area, ensuring that your firm is fully compliant with ACCA requirements.
Speakers
Peter Herbert
Peter qualified as a Chartered Accountant with an international accountancy firm before working in industry. He has over 20 years of training experience and is a founding director of Insight Training. Peter specialises in financial reporting, auditing, practice regulation and company law, as well as commercial awareness and business skills. He has a small practice, providing advice to mid-tier and small accountancy practices on aspects of accounting, auditing and practice regulation.
ACCA Compliance Team
Waqas Hussain
Waqas Hussain is the Lead Senior Compliance Officer with an extensive background in public practice. Waqas leads the team of Senior Compliance Officers who complete audit monitoring reviews where we will review the firm’s work and identify any deficiencies, and ensure that you are complying with relevant standards, ACCA’s Global Practising Regulations and the Code of Ethics and Conduct.
5 Units
Live webinar
United Kingdom
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Date
- 20 May 2024
- 09:30 - 15:30 GMT Europe, London
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Prices
- Fee:
- 125 GBP + VAT
You will be redirected to an external website for booking.
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Email enquiries to:
UKCL@accaglobal.com