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 9 will focus on:
o ISA 260: Communication with those charged with governance
o ISA 265: Communicating deficiencies in internal control to those charged with governance
o ISA 450: Evaluation of misstatements identified during the audit
o ISA 560: Subsequent events
o ISA 570: Going concern
o ISA 580: Written representations
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:
• What, how and to whom information must be communicated
• Identifying significant and important deficiencies
• Communicating control deficiencies and going concern issues
• Consideration of both identified and unidentified misstatements
• The effect of misstatements on the audit plan
• Individual and aggregate misstatement
• Management representations about misstatements and subsequent events
• Adjusting and non-adjusting events
• Management’s assessment of going concern.
• Responding to going concern events and conditions
• The effect of going concern on the audit report
• Written representation that must be obtained
• Steps if management refuses to provide representations
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.
