It's that time of the year again, were the Independent Regulatory Board of Auditors (IRBA) release their annual inspection findings report based on their inspection cycle ended 2017. Never has this report been so anticipated as a profession needing to gain insight into our risk areas.
This report is essential to engage with if you are involved in providing assurance services or serving on audit committees to assist in improving the quality of audit engagements.
Join me in reviewing the findings of this report from both a firm and file review engagement level, where we will discuss the common trouble areas, risk spots and look for practical solutions to bullet proof your work.
With the profession under such intense scrutiny due to recent events, the ever changing technical landscape and changes to our Code of Professional Conduct, every accountant and auditor needs to take every opportunity to improve and manage our risk.
IRBA released their inspection finding report in May 2018. This report is essential to unpack to gain a better understanding of the common challenges and areas where improvements can be made in the assurance space
This course will look at the
Objective of report
•Background and overview
•Key inspection deficiencies (both at a firm and engagement level)
•Remedial action process
•Sanctions
•Future outlook
Any person who is involved in the assurance process from auditor, trainee, accountant, audit committee member and management of entities
