Attending the course and successfully completing the post-assessment, will grant you
3 hour/s verifiable CPD, recognised by the various
professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the
CPD certificate will only be issued once the post-assessment has been completed.
Web Based (Online)
Tristan White
0118861395
gillian@probetatraining.co.za
Session 8: Finalisation – Auditor’s Report; Comparatives; Other information outside of the Annual Financial Statements
ProBeta Training presents a refresher webinar-series on the International Standard on Auditing or ISA to familiarise you with all pertinent elements directly from the standard.
The approach to the webinar-series is to split the standards into the relevant phase of the audit, spending several weeks on each phase i.e.
• Pre-engagement planning
• Execution; and
• Finalisation
The series will run over the next 4 months, and each session will attempt to:
• simplify the relevant standards,
• highlight key elements and
• provide action points from each standard to ensure that you conduct each audit in accordance with the International Standard on Auditing (ISA).
Session 10 will focus on:
o ISA 700: Forming an Opinion and Reporting on the Financial Statements
o ISA 705: Modifications to the audit opinion
o ISA 706: Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
o ISA 710: Comparative Information – Corresponding Figures and Comparative Financial Statements
o ISA 720: The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements
Fundamentally the session will focus on finalisation and the considerations thereto, with the view to:
• Simplifying the relevant standards,
• Highlighting key elements and
• Providing action points
Concepts that will form part of the session, which form the foundation of finalisation are:
• Complete, general purpose financial statements
• Fair presentation and compliance frameworks
• Minimum content in an audit report
• Appropriate audit report modification
• Effect of management imposed scope limitations
• Inappropriate use of emphasis of matter and other matter paragraphs
• Compulsory procedures regarding comparative figures
• Referring to comparative figures in the audit report
• Including other information in financial statements
The following individuals will benefit from attending this course:
• Audit trainees
• Audit firm owners
