 Engagement continuance procedures  7 Step plan to comply with the ethical and independence requirements during the engagement  How to determine the correct desired audit risk to avoid over-auditing later during the audit  Obtaining an understanding of the entity through discussions with those charged with governance, including fraud questionairres.  Identifying the Financial Statement Areas to be audited and the relevant information regarding these  Calculating the overall and performance materiality for the engagement  Performing risk assessment o At Financial statements level o At Assertion level for every FSA  Documenting system descriptions and performing walkthroughs  Sampling  Documenting audit evidence  Related parties o Identifying the related parties o Testing the transactions and balances o Testing the disclosure  Going concern  Subsequent events  Final/Overall analytical review  Evaluations of misstatements o Calculating Final Materiality o Evaluating individual material misstatements o Evaluating qualitative material misstatements o Assessing the effect of uncorrected misstatements  Deciding on the type of opinion and setting up the audit report i.r.o. the new revised ISA 700  Reporting to IRBA i.r.o. Reportable irregularities. o What is a reportable irregularity o Practical exercise on identifying a reportable irregularity o How to report to IRBA  Reporting non-compliance with laws and regulations in terms of the code of conduct o What is our responsibilities in an audit  If it is not an RI, should we still report?

None

None