Attendance at this seminar will secure 3 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
Tristan White
0118861395
gillian@probetatraining.co.za
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 6 will focus on:
o ISA 402: Audit considerations relating to an entity using a service organisation
o ISA 540: Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
o ISA 550: Related parties
Fundamentally the session will focus on execution 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 execution are:
• Understanding service organisations
• Assessing risk relating to service organisations and responding to those risks
• Methods, controls and assumptions in creating accounting estimates
• Compulsory tests for significant estimates
• Management bias
• Written representations relating to estimates and related parties
• Team discussions regarding related parties
• Transactions outside the course of business
The following individuals will benefit from attending this course:
• Audit trainees
• Audit firm owners
Delegates must have their own computers with strong internet connections.
All other material and stationery will be provided.
