Enhance your career:

This video will explain how you can achieve that, Click here to watch

Audit and assurance

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

The current climate of the accounting profession is such that auditors and accountants might experience higher requests for access to files and working papers. Whether for inspection purposes, legal purposes or law suits. Due to this it is imperative that professional accountants and auditors are aware of their rights and responsibilities in these situations. Are you allowed to refuse access and what steps should you take to protect yourself as well as your client? This session will focus specifically on the instances when information may be required from the professional accountant and what their obligation is in terms of Laws, regulations and the code of conduct.


Course Content:

Ownership of working papers Confidentiality of client information Responsibility for granting access to working papers Ethical requirements Circumstances where access to working papers is required by law Circumstances where access to working papers might be requested in terms of International Standards on Auditing (ISAs) Circumstances where access to working papers might be requested in terms of International Standards on Assurance Engagements (ISAEs) Considerations to be taken into account where access is at the discretion of the auditor Potential risks to auditors when granting access to working papers to third parties Policies and procedures regarding access to working papers


Course Objective:

The objective of this course is to identify the rights and responsibilities of the professional accountant and auditor when their working papers are requested by the client or a third party.


Who Should Attend?

This session will be beneficial to all auditors, accountants and other professionals in the accounting profession.

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Are you aware of the power of analytical procedures? Do you use them to their fullest extent? According to ISA 315 and ISA 520, analytical procedures must be performed during risk assessment as well as during finalisation of the audit. Unfortunately, most auditors do a weak analytical procedure just to be able to tick the box, and as such the value of analytical procedures are lost. Join us in this webinar session where we take a look at the true power of analytical procedures and how to properly perform and document them, not only for risk assessment and evaluation purposes, but also to obtain audit evidence.


Course Content:

What are analytical procedures What different type of analytical procedures can be performed What analytical procedure will provide the strongest evidence Why do we perform pre-liminary analytical procedures How to use analytical procedures to reduce audit work and sample sizes What is the reason behind the final analytical review Practical pitfalls


Course Objective:


Who Should Attend?

All auditors and their staff who is responsible for the audit of financial statements

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Lynette Badenhorst


Overview:

NONE


Course Content:

During this webinar the following important principles relating to internal controls will be discussed: Why is work on internal control necessary when auditors take a substantive approach? Which controls do auditors need to understand? What are the five interrelated components of internal controls that must be addressed by the auditor during all audits? Direct controls versus indirect controls Work effort for understanding each of the components of internal control Controls relevant to the audit Focusing on the Applicable Financial Reporting Framework in Identifying Risks of Material Misstatement The use of automated tools and techniques when performing risk assessment procedures data analytics New requirement to understand the entity use of IT in its business and system of internal control. Controls over significant risks Deficiencies in internal controls Key issues for smaller entities Please note: The information covered in this webinar will be based on the newly released ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement (ED-315)


Course Objective:

ISA 315 (Revised) sets out the risk assessment procedures that form the foundation for an audit of financial statements. The IAASB has proposed essential enhancements to the auditor�s risk assessment process, with the objective of establishing more robust requirements and appropriately detailed guidance to drive auditors to perform consistent and effective identification and assessment of the risks of material misstatement. Inspection findings consistently highlights issues related to auditor risk assessments, including the work performed to understand internal control, identify significant risks and consider and respond to information technology (IT) risks. One of the more significant challenges experienced by auditors relates to the extent to which understanding an entity internal control is necessary when the auditor does not intend to rely on the operating effectiveness of the entity controls. Consideration of internal control is an area where auditors often find it difficult to comply. In particular, auditors need to remember that internal controls are still relevant even if a fully substantive audit approach is adopted In particular the following concepts are not always clear: � Why the understanding is required to be obtained (for example when a primarily substantive approach to the audit is planned) and how the information obtained is to be used; � What procedures are required in order to �obtain the necessary understanding� for certain components of internal control; � Whether all components of internal control as set out in the standard needed to be understood; and � When controls are considered �relevant to the audit.�


Who Should Attend?

Any person responsible for the audit of financial statements e.g. engagement partners, team members assisting on the audit engagement, Engagement Quality Control Reviewers as well as anyone who is responsible for reviewing audit files.

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

The preparation of financial statements is the responsibility of the client management. Hence, the financial statements contain management assertions about the transactions, events and account balances and related disclosures that are required by the applicable accounting standards. The auditor is required to determine the different types of misstatements that could occur for each of the relevant audit assertions and then develop audit procedures that are appropriate to respond to the assessed risks.


Course Content:

The following will be discussed during the session The 5 assertions for transactions The 5 assertions for balance sheet items Direction of testing for each assertion Risk assessment at assertion level Example of audit procedures to perform for each assertion Selection of sample sizes for each assertion


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

If it is not documented, it is not done. But when have you documented enough? Join us on this webinar session as we take a journey into what is required from audit documentation. From planning, execution and finalisation. When is it enough, and when do you need to document a little bit more.________________________________________


Course Content:

What is the purpose of audit documentation What are the basic information that must be contained on audit documentation How to document professional judgement and professional scepticism Practical pitfalls when documenting o Client acceptance o Ethical considerations o Understanding of the entity o Risk assessment What is wrong with our execution documents? How templates can save time and ensure compliance


Course Objective:


Who Should Attend?

All auditors and their staff who is responsible for the audit of financial statements

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

The concept of audit risk is of key importance to the audit process and auditors are required to have a good understanding of what audit risk is, and why it is so important. Audits conducted in accordance with ISAs must follow the risk‑based approach, which should also help to ensure that audit work is carried out efficiently, using the most effective tests based on the audit risk assessment. Auditors should direct audit work to the key risks (sometimes also described as significant risks), where it is more likely that errors in transactions and balances will lead to a material misstatement in the financial statements. It would be inefficient to address insignificant risks in a high level of detail. There are many references throughout the ISAs to audit risk. During this webinar I will discuss a 10-point plan for auditors to identify and address the different components of risk during an audit of financial statements. I will also explain which type of audit procedures should be performed to address the different components of risk.


Course Content:

1. What is audit risk 2. Assessment of inherent risk 3. Assessment of control risk 4. Assessment of fraud risk 5. Detection risk 6. Significant risks- 10 step plan to identify significant risks 7. Presumed risks a. Revenue testing b. Seven steps to perform to test journal entries c. Auditing accounting estimates d. Transactions outside the normal course of business 8. Business risks 9. Risk of material misstatement (ROMM) 10. Desired audit risk What does all these terms mean and how does it fit into a risk-based audit approach?


Course Objective:


Who Should Attend?

All auditors and their staff who is responsible for the audit of financial statements

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Are you in need of an overview of changes to the auditing standards that occurred in the last few years? Whether you are getting back in the auditing game after some time, or simply need to brush up on the basics, this webinar is for you. Make sure you comply with the most up to date auditing standards when performing your audit.


Course Content:

This session will cover the changes in the auditing standards since 2015, with a main focus on: The reporting standards ISA 540 - Estimates ISA 315 � Risk assessment proposed standard Disclosure requirements related changes Please note that this session only focus is on the standards and not on the code of conduct or other changes


Course Objective:


Who Should Attend?

Auditors

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

VID � 19 has taught us one thing, it is that it is never possible to plan for every eventuality. As such accounting estimates may change regularly and auditors should reassess their responses every year. ISA 540 has recently been revised. From enhanced understanding to documentation of controls over these estimates, the work effort of the auditor has slightly increased. Join us for this 2 hour webinar where we take you through the practical implications of the revised ISA 540.


Course Content:

Obtaining an understanding of the entity and its environment to identify estimates Obtain and document an understanding of the controls over these estimates Documenting the methods, assumptions and sources of data used in calculating estimates Identify estimation uncertainty and risk of material misstatement o Inherent risk vs Control risk o Retrospective review o Identify management bias Perform procedures o Outcomes after year end up to the date of the report o Testing management assumptions Calculate an auditor�s point estimate


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Lynette Badenhorst


Overview:

A topic that causes a lot of uncertainty in the profession is that of insolvency, mainly because there are different types of insolvencies that must be considered by the accounting professional. Accounting professionals also have a duty to report these insolvencies whilst performing certain types of engagements. Information about these insolvencies and how to deal with them are not always readily available, therefore I have decided to put together this presentation in order to assist practitioners in this regard.


Course Content:

During this presentation I will be answering the following questions. What is the difference between the following? 1. Technical or factual insolvency 2. Commercial insolvency 3. Financially distressed 4. Going concern problems 5. Fraudulent or reckless conduct 6. Common law fraud When does any form of insolvency becomes an irregularity? When does insolvency constitute an offence or infringe a statutory or common rule? When should the auditor report insolvencies? When should the independent reviewer report insolvencies? When should the accounting officer report insolvencies? When must the directors of a company perform a solvency and liquidly test? Under which circumstances will the Commission issue a notice to a company to cease trading? What effect will the following have on the insolvency position of a company? 1. Subordination agreements 2. Letter of comfort 3. Guarantees 4. Letter of support


Course Objective:


Who Should Attend?

All accounting professionals and their staff will benefit from this presentation.

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

It is a well-known fact that Inventory management is a nightmare. The inventory audit should not have to be. Prepare your audit team by joining us on this informative webinar in which we navigate the audit of the inventory line item. Whether it is retail or manufacturing stock, let us show you the way. This session will also look at common review findings and deficiencies and how to avoid these.


Course Content:

� Understanding the Inventory Assertions � Understanding the Inventory Line item o Type of inventories o Inventory system o Costing methods � 10 Step plan to obtaining sufficient appropriate evidence � Procedures to perform per assertion � Tax implications to consider � Common deficiencies and review findings


Course Objective:


Who Should Attend?

☒Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit managers ☒Audit partners

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Management override of control is the most common fraud risk on an audit file. Yet many audit files do not have sufficient documented evidence over this risk. When a file is selected for review, it is usually one of the first items reviewed, and one of the items with various common deficiencies. From documenting the controls to identifying related parties, selecting items for testing and performing procedures, it seems as if we are just not doing enough. Join us as we explore the significant risk posed by Journals and related parties and look at the procedures that need to be performed to ensure this risk is mitigated sufficiently.


Course Content:

� Presumed fraud risk if management override of control � How can management commit fraud through o Journals o Related parties � Identifying related parties and applying professional skepticism o What constitutes a related party � Testing related parties and journals o Identifying the population o Selecting items for testing o Procedures to be performed o Documentation � Common review findings and deficiencies


Course Objective:


Who Should Attend?

Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit managers ☒Audit partners

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Revenues are the lifeblood of any organization and as such an important section of the audit. A presumed fraud risk, revenue requires more focus from the auditor than other sections, but how do you know if you have enough audit evidence? In this session we will discuss revenue and how to identify if you have sufficient appropriate evidence. We will also look at common review findings on the revenue line item.


Course Content:

� Revenue as a presumed fraud risk o Examples of fraud schemes in revenue o Risk rebuttal � Significant risk response � revenue � Sampling and selecting items � Procedures to perform for each assertion � Common review findings and deficiencies


Course Objective:


Who Should Attend?

☒Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit mangers ☒Audit partners

Individuals: R 747.50 (Incl. VAT)

CPD Hours: 2.5 hrs

Presenter: Tristan White


Overview:

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 8 weeks, and each weekly-webinar 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 1 will focus on: o ISA 200: Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing o ISA 230: Audit Documentation o ISA 500: Audit Evidence


Course Content:

Concepts that will form part of the session, which form the foundation of pre-engagement are: Ethics, scepticism and professional judgement Obtaining evidence Understanding and complying with the standards Documentation needed to support the audit report Documentation needed to demonstrate compliance with standards Sufficient evidence Documenting nature, extent and timing of procedures Closing and safekeeping of documentation Sufficiency, reliability, appropriateness and relevance of audit evidence Reliance on experts and on client information Inconsistent evidence


Course Objective:

Fundamentally the session will focus on pre-engagement and the considerations thereto, with the view to: Simplifying the relevant standards, Highlighting key elements and Providing action points


Who Should Attend?

The following individuals will benefit from attending this course: Audit trainees Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

Session 2: Pre-engagement � Agreeing Terms and Materiality 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 8 weeks, and each weekly-webinar 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 2 will focus on: o ISA 210 : Agreeing The Terms of Audit Engagements o ISA 320 : Materiality in Planning And Performing An Audit


Course Content:

Concepts that will form part of the session, which form the foundation of pre-engagement are: � Basic engagement information � Engagement acceptance and continuance � Terms of the engagement � Gathering information � Materiality assessment


Course Objective:

Fundamentally the session will focus on pre-engagement and the considerations thereto, with the view to: � Simplifying the relevant standards, � Highlighting key elements and � Providing action points


Who Should Attend?

The following individuals will benefit from attending this course: � Audit trainees � Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

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 8 weeks, and each weekly-webinar 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 3 will focus on: o ISA 240: Fraud o ISA 315: Assessing Risk and Understanding the Client


Course Content:

Concepts that will form part of the session, which form the foundation of pre-engagement are: Assessing the risk of material misstatement due to fraud Identifying and evaluating fraud risk factors Presumed fraud risks Risk assessment procedures Understanding and documenting the client and its environment Design and implementation of controls The effect of risks on the audit approach


Course Objective:

Fundamentally the session will focus on pre-engagement and the considerations thereto, with the view to: Simplifying the relevant standards, Highlighting key elements and Providing action points


Who Should Attend?

The following individuals will benefit from attending this course: Audit trainees Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

Session 4: Execution � Audit Plan and Risk Response 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 8 weeks, and each weekly-webinar 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 4 will focus on: o ISA 300: Planning an audit o ISA 330: Auditors Responses to Assessed Risks


Course Content:

Concepts that will form part of the session, which form the foundation of execution are: � Involving the partner and team in audit planning � Developing and revising the audit strategy and plan � Responses to overall risks � Tests of control � Relationship between risk and evidence � Required substantive tests


Course Objective:

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


Who Should Attend?

The following individuals will benefit from attending this course: � Audit trainees � Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

Session 5: Execution � Laws and Regulations; Confirmations; Initial Audits; Analytical Procedures and Sampling 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 8 weeks, and each weekly-webinar 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 5 will focus on: o ISA 250: Laws and regulations o ISA 505: External confirmations o ISA 510: Initial audit engagement o ISA 520: Analytical procedures o ISA 530: Audit sampling


Course Content:

Concepts that will form part of the session, which form the foundation of execution are: Consideration of laws and regulations Enquiries regarding litigation and claims External confirmations Initial engagements - opening balance considerations Compulsory use of analytical procedures Considering reliability of analytical procedures Audit sampling


Course Objective:

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


Who Should Attend?

The following individuals will benefit from attending this course: � Audit trainees � Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

Session 6: Execution � Service organisations; Estimates; Fair Values and Related Parties 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 8 weeks, and each weekly-webinar 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


Course Content:

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


Course Objective:

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


Who Should Attend?

The following individuals will benefit from attending this course: Audit trainees Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

Session 7: Finalisation�Communication; Control Deficiencies; Misstatements and Subsequent Events; Going Concern and Management Representations 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 8 weeks, and each weekly-webinar 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 7 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


Course Content:

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


Course Objective:

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


Who Should Attend?

The following individuals will benefit from attending this course: Audit trainees Audit firm owners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Tristan White


Overview:

Session 8: Finalisation Auditors 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 8 weeks, and each weekly-webinar 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 8 will focus on: 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 ISA 720: The Auditor�s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements


Course Content:

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


Course Objective:

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


Who Should Attend?

The following individuals will benefit from attending this course: Audit trainees Audit firm owners

Individuals: R 690.00 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Yvonne Rossouw


Overview:

ISA 240 requires the auditor to identify and respond to presumed fraud risks. Regardless of your risk assessment, these items must be addressed as a significant risk. But what is the reason behind this? And how do we approach these risks? In this session we will discuss revenue, related parties and management override of controls. We will unpack the risks behind these items and how to identify if you have sufficient appropriate evidence over the identified risk. We will also look at common review findings.


Course Content:

� Revenue as a presumed fraud risk o Examples of fraud schemes in revenue o Risk rebuttal � Significant risk response � revenue � Sampling and selecting items � Procedures to perform for each assertion � Common review findings and deficiencies � Presumed fraud risk of management override of control � How can management commit fraud through o Journals o Related parties � Identifying related parties and applying professional skepticism o What constitutes a related party � Testing related parties and journals o Identifying the population o Selecting items for testing o Procedures to be performed o Documentation � Common review findings and deficiencies


Course Objective:


Who Should Attend?

☒Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit mangers ☒Audit partners

Individuals: R 368.00 (Incl. VAT)

CPD Hours: 1 hrs

Presenter: Yvonne Rossouw


Overview:

The stock count is an important part of inventory testing, without which it would be difficult to verify the completeness and existence of inventory. These stock counts are usually performed by Junior team members who are ill prepared for the task, and as such can cause deficiencies on your audit file. Ensure that your team members are fully prepared for any stock count by joining us for this session. We will discuss the importance of preparing for a stock count and what needs to be done and documented on the day of the stock count to ensure that there are no need for follow ups later during the audit.


Course Content:

� Assertions addressed during the stock count � Preparing for the stock count o Materiality to use o Sample sizes o Understanding your client � What do you need for the stock count? � What to do on the say of the stock count � Addressing differences in the count � The importance of extrapolation � The impact of COVID on stick takes


Course Objective:


Who Should Attend?

☒Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit managers ☒Audit partners

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Auditing tax should not be as difficult as paying it. With increasing differences in accounting and tax treatment of business transactions, it is no wonder that one can not just take the accounting profit to calculate your tax liability. But with all these complex tax implications, what are the responsibility of the auditor when it comes to the Tax liability line item? How do we test it without taking on management responsibility? Prepare your audit team by joining us on this informative webinar in which we navigate the audit of the taxation line item. This session will also look at common review findings and deficiencies and how to avoid these.


Course Content:

� Understanding the Tax Assertions � Procedures to perform per assertion � Accounting vs Taxation � Temporary and Permanent differences � The tax reconciliation � Deferred tax calculation � Disclosures � Common deficiencies and review findings


Course Objective:


Who Should Attend?

Auditors ☒First year SAICA Trainees ☒Second year SAICA trainees ☒Third year SAICA trainees ☒Fourth year SAICA trainees ☒Fifth year SAICA trainees ☒Audit mangers ☒Audit partners

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

The aim of this session is to explain to delegates the audit procedures to perform on certain selected topics in order to avoid negative IRBA inspection findings. According to the latest inspection report that was recently issued by IRBA auditors are still receiving many finding on the topics listed below: Significant accounting and auditing estimates and judgements Revenue Related parties Transactions outside the normal course of business Journals


Course Content:

The following findings will be explained in detail: Significant accounting and auditing estimates and judgments New risk assessment process for estimates Procedures to perform to address low risk and high-risk estimates Dealing with uncorrected misstatements Inappropriate reliance on the work of experts Insufficient documentation on the audit file relating to the auditor assessment of the reasonableness of managements inputs and assumptions No or insufficient independent assessment by the auditor of the appropriateness of management assessment of the useful life and residual value of Property, Plant and Equipment Revenue Completeness of revenue Direction of testing Source documents or source data from which samples are to be selected Assessing the completeness and accuracy of the population The rebuttal of the presumed fraud risk in revenue recognition Performing analytical procedures Related parties and transactions outside the normal course of business Risk relating to fraud risk in related parties Management override of controls Loans to/from related parties Audit procedures to perform to address related parties Completeness of related parties Related party transactions outside the normal course of business were not considered or deemed significant risks Engagement team discussions Journals Completeness of population Evaluating controls over journals Which journals to tests


Course Objective:

None


Who Should Attend?

The seminar will be of interest to all professional accountants in public practice who are responsible for the audits of financial statements

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

CaseWare Cloud Session #1 is for the first-time user of CaseWare Cloud. If you are seeking A basic introduction to CaseWare Cloud or Have no previous experience or Find that you struggle with technology or Just want a preview, in order to take a look at how it works before signing up with CaseWare Cloud, then this session is for you!


Course Content:

We will work through the following: - How to register / sign up - How licensing works - How to set up CaseWare Cloud for your firm - How to create client entities (to be able to add audit files later on) - How to add staff members - How to collaborate with client contacts - What other applications interface with CaseWare Cloud, e.g. Working Papers, ATA template, etc.


Course Objective:


Who Should Attend?

Auditors, Financial accountants, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers and Audit partners

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

CaseWare have introduced an audit solution to Estate Agents� Trust Account audits via their CaseWare Cloud online platform. Currently, there is no IRBA Guide to assist with Estate Agents� Trust Account audits, and as such, CaseWare have attempted to assist auditors with a template called �ISAE Attestation.� This template will provide guidance when auditing the trust accounts for compliance with the Estate Agency Affairs Act [EAAA]. Join us as we take you through the ISAE Attestation template for Estate Agents� Trust Account audits.


Course Content:

CaseWare Cloud Session #3 is for those looking to explore, understand and intuitively navigate through the Estate Agents� Trust Account audit template called ISAE Attestation. If you are seeking A basic introduction to ISAE Attestation template or Have no previous experience with it or Find that you struggle with technology or Just want a preview of the Cloud-based solution for Estate Agents� Trust audits, before buying a license / token, = then this session is for you! We will work through the following: - How to obtain access to the template - How to create a new trust audit engagement file - How to add staff members to the engagement - Exploring the documentation in each phase of the audit, planning, execution and finalisation - Understanding how to upload documents, e.g. signed engagement letter - Looking at how to collaborate with clients, to request documents or query information


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, and Audit partners

Individuals: R 517.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

Feeling the financial pinch of lockdown? Looking to take on new clients or new engagements [audits / reviews / compilations] for existing clients, to improve things? Are you, in fact, allowed to do the audit / review of the same client for which you compiled the AFS? How long can you serve for, as auditor / reviewer? Well, auditors, accountants and professional consultants are often unsure about whether they can offer multiple services to the same client. These matters are referred to as �independence restrictions� and can have major financial benefits if adhered to, or otherwise cause devastating reputational and legal damage, if not. Join us as we look at the legal and ethical independence restrictions affecting professionals, who offer, or want to offer, assurance and non-assurance services.


Course Content:

Legal independence restrictions pertaining to specific industries, e.g. attorneys, companies, body corporates and others Ethical independence restrictions, e.g. SAICA / IRBA / SAIPA Code of Ethics Auditor / reviewer and firm rotation restrictions


Course Objective:


Who Should Attend?

Auditors, Audit managers, Audit partners, Engagement Quality Control Reviewers, Compliance officers and Ethics officers

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

The IRBA Inspection findings consistently highlights issues related to internal control risk assessments, including the work performed to understand internal controls, identify significant risks and to consider and respond to information technology (IT) risks. Consideration of internal control is an area where auditors often find it difficult to comply. Auditors need to remember that some work on internal controls needs to be performed and documented on every audit file even if a fully substantive audit approach is adopted.


Course Content:

During this webinar the following important principles relating to internal controls will be discussed: Why is work on internal control necessary when auditors take a substantive approach? Which controls do auditors need to understand? What are the five interrelated components of internal controls that must be addressed by the auditor during all audits? Direct controls versus indirect controls Work effort for understanding each of the components of internal control When are controls relevant to the audit What is meant by controls over significant risks Deficiencies in internal controls Key issues for smaller entities What is the meaning of �testing design and implementation� How many items must be selected for testing New requirements for assessing control risk at less than maximum Please note: The information covered in this webinar will be based on the newly released ISA 315 (Revised), Identifying and Assessing the Risks of Material Misstatement (ED-315)


Course Objective:


Who Should Attend?

Any person responsible for the audit of financial statements e.g. engagement partners, team members assisting on the audit engagement, Engagement Quality Control Reviewers as well as anyone who is responsible for reviewing audit files.

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

One of the most important considerations during an audit is whether or not the audit firm and the audit team are both independent and complies with ethical requirements. Unfortunately it still seems to be one of the areas that are not documented properly and as such leads to audit file deficiencies. Join us in this session as we look at the documentation requirements for ethical considerations and how to ensure you have documented everything necessary.


Course Content:

7 step plan for documenting ethical issues Communicating ethical issues Documenting the ethical decision making process How ethical issues can influence the rest of your audit file


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, and Audit partners

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

Estate Agent audit deadlines are around the corner, being 30 June. Estate Agents have unique audit requirements that extend from the business records to the trust accounts. Are you comfortable with your responsibilities in terms of: - Audit procedures, - Audit reports, - Auditing an agent�s compliance with other legislation e.g. FICA, Debt Collectors Act, etc., and - Deciding which assurance standards to apply to business VS trust audits? Join us as we help you navigate.


Course Content:

Pointing out illustrative audit procedures for business and trust audits Determining appropriate assurance standards for business VS trust audits Understanding what�s included in the scope of a trust audit Discussing the impact of other legislation on the audit Highlighting the extra audit work required by IRBA�s illustrative audit report


Course Objective:


Who Should Attend?

Auditors, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

With the Property Practitioners Act, which replaces the now repealed Estate Agency Affairs Act, likely coming into effect later this year, it brings with it a slew of other accompanying legislation. In this case, the Property Practitioners Regulations were released on 6 March 2020 for public comment. Join us as we look at some of the preliminary considerations from this new regulation that may impact the accounting and audit requirements.


Course Content:

- Taking an overall glance at the new regulations - Highlighting the various aspects of the draft regulations affecting the accounting / audit function - Making a copy of the draft regulations available


Course Objective:

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

With the Property Practitioners Act, which replaces the now repealed Estate Agency Affairs Act, likely coming into effect later this year, it brings with it a slew of other accompanying legislation. In this case, the Property Practitioners Regulations were released on 6 March 2020 for public comment. Join us as we look at some of the preliminary considerations from this new regulation that may impact the accounting and audit requirements.


Course Content:

- Taking an overall glance at the new regulations - Highlighting the various aspects of the draft regulations affecting the accounting / audit function - Making a copy of the draft regulations available


Course Objective:


Who Should Attend?

Auditors, Financial accountants, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 552.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

With the effective date of the revised ISA 540 looming, are you ready for the changes? From enhanced understanding to documentation of controls over these estimates, the work effort of the auditor has slightly increased. Join us for this 2 hour webinar where we take you through the practical implications of the revised ISA 540.


Course Content:

Obtaining an understanding of the entity and its environment to identify estimates Obtain and document an understanding of the controls over these estimates Documenting the methods, assumptions and sources of data used in calculating estimates Identify estimation uncertainty and risk of material misstatement o Inherent risk vs Control risk o Retrospective review o Identify management bias � Perform procedures o Outcomes after year end up to the date of the report o Testing management assumptions o Calculate an auditor�s point estimate


Course Objective:


Who Should Attend?

All auditors and their staff who is responsible for the audit of financial statements

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Lettie Janse van Vuuren


Overview:

Section 90(2) of the Act contains provisions applicable to the appointment of an auditor of a company or a close corporation (CC) when a company or CC is required to be audited by the Act in terms of section 30(2) (a) and (b)(i) or when audited voluntarily if the companys Memorandum of Incorporation (MOI) so requires (collectively referred to in this document as company or a CC to which section 90 applies). These provisions must be complied with in addition to those of the IRBAs Code of Professional Conduct for Registered Auditors (“the Code). Section 90(2) prohibits an auditor from being appointed where certain specified services were rendered to the same client. Senior Counsel opinion obtained jointly by the IRBA and SAICA states that the provisions of section 90(2) (b) regarding the prohibition from being validly appointed as auditor in respect of audit and certain non-audit services apply to both the firm appointed as auditor and the individual registered auditor. Section 90 became effective on 1 May 2011. Compliance with section 90(2) (b) has been monitored by the IRBA from 1 January 2014. Registered auditors are required also to comply with the Code in respect of the provision of audit and other services. Proposed Amendments to the Code of Professional Conduct for Registered Auditors Definition of Public Interest Entity (PIE) The proposed amendment is intended to enhance perceptions of the auditor's independence in mind and appearance especially relating to investor public interest where there are a large number and a wide range of stakeholders. The benefit of the proposed South African definition is that it will ensure that certain entities would always be treated as Public Interest Entities to avoid the risk of different treatment amongst firms.


Course Content:

Applicability of section 90 to an independent review Scope of the guidance Definitions of terms for the purposes of this document Application of section 90 Terminology on which clarification was required Guidance o Duties of accountant and bookkeeper Firm structures Disclosure requirements imposed by the Auditing Profession Act, 2005 Appendix I Application of section 90 Appendix II Examples of activities classified in terms of section 90 Appendix III Extract from the Auditing Profession Act Appendix IV Extract from Regulation 25 Appendix V Extracts from the Code of Professional Conduct for Registered Auditors Appendix VI Frequently asked questions


Course Objective:

To understand and be able to apply the guidance correctly when rendering services to audit clients


Who Should Attend?

Partners, accountants, staff involved in the preparation of financial statements and audit engagement team members

Individuals: R 598.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Tristan White


Overview:

Every year end presents a stressful time for most businesses, as it often co-incides with the need to prepare an annual set of financial statements. Preparing financial statements is a tricky endeavour and most entities are reliant on software to complete the process. For those that don�t have the advantage of software, where would the compilation process even start? Truthfully, there is a lot of work that goes into preparing the accounting records before financial statements are compiled, regardless of using software or not. Accordingly, ProBeta Training has prepared a training session aiming to answer the following questions: � What type of entities need to prepare financial statements? � Which accounting framework can I, or should I use? � Can I prepare the financial statements myself, or do I have to outsource? � Do I always need a balance sheet, income statement and a cash flow statement? � What best practice guidance is available for preparing financial statements, e.g. ISRS 4410? � What pre-liminary work needs to take place before the financial statements are prepared? � What are the specific year end adjustments that I should look out for? This session will help you be mindful of all factors that affect financial statement preparation, and place you in the most informed position to facilitate an easier completion of financial statements. PLEASE NOTE: No actual financial statements will be prepared during the session, due to time limitations. This webinar is a theory-based session.


Course Content:

During this session, we will Help you understand the legislation that affects the financial statement preparation process, Draw your attention to the work that needs to take place before the financial statements are compiled, Consider the implications of the best practice guidance, being ISRS 4410, when undertaking Compilation engagements on behalf of clients; and Share a basic Excel template for financial statements


Course Objective:

The objective of this course is to: 1. Simplify the legislation affecting compilations, so that you will know your rights and responsibilities 2. Empower you through understanding what is required to be done prior to compiling the actual statements, so as to make the overall financial statement preparation process a success 3. Explore the compilation standard, ISRS 4410�s, basic requirements to ensure you are performing compilations using best practice


Who Should Attend?

The following individuals will benefit from attending this course: Accounting / finance department staff members involved in the financial reporting process Trainee accountants / auditors who are assisting clients with compilation engagements

Individuals: R 1,495.00 (Incl. VAT)

CPD Hours: 6.5 hrs

Presenter: Yvonne Rossouw


Overview:

In a time when audit quality is under heavy scrutiny, we have to identify if we are part of the problem, or the solution. What happens when your audit files are selected for review by IRBA? What can be done to avoid negative findings during an IRBA Inspection? These questions have no easy answers. However, it is not impossible to overcome. What makes the process challenging is the staggering number of Auditing Standard requirements that need to be adhered to.


Course Content:

Inspection findings from the most recent IRBA report (2019) and common mistakes to avoid. Some of the most relevant topics I will discuss are the following: All the procedures that must be performed during client acceptance � 7 Step plan to comply with the ethical and independence requirements during the engagement 10 Significant matters that must be discussed with management Calculating the correct performance materiality amount to avoid over-auditing � How to perform powerful preliminary analytical procedures All the different risk assessments o Requirements with regards to controls o Requirements with regards to fraud o Requirements with regards to NOCLAR � Responses to risk General mistakes and issues noted on working papers relating to improper documentation Subsequent events Going concern � Evaluation of misstatements Final analytical review Lock down of files


Course Objective:

None


Who Should Attend?

Auditors

Individuals: R 885.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Yvonne Rossouw


Overview:

In the last few years, the audit profession has been besieged by high-profile corporate collapses and state capture revelations that have implicated auditors. With public outrage and a loss of trust, the auditors have remained, uncomfortably, in the spotlight in the current year, as the public continues to question how audits can be relied upon to protect investments. IRBA has issued their 2020 inspection report and the negative trends, which are well below par when compared internationally, seem to continue unabated at most firms, with only a handful of firms showing signs of improvement. Join us in this webinar as we identify the reasons for the common deficiencies, perform a root cause analysis, and discuss how we can overcome these issues in our audit files and ensure increased quality.


Course Content:

2020 Inspection findings summary Comparison between 2020 findings and the last inspection cycle Global inspections findings What are the main deficiencies � At firm level o Leadership Responsibilities for Quality within the Firm o Engagement Performance and Internal Quality Reviews o Monitoring � At engagement level o Significant Accounting and Auditing Estimates and Judgements o Revenue o Financial Statement Disclosures o Risk Assessment o Auditing the Statement of Cash Flows Performing a root cause analysis Process to implement to remedy these deficiencies How the new ISQM 1 can help increase audit quality


Course Objective:


Who Should Attend?

Auditors Audit mangers Audit partners Engagement Quality Control Reviewers

Individuals: R 517.50 (Incl. VAT)

CPD Hours: 4 hrs

Presenter: Lynette Badenhorst


Overview:

What are all the risks that should be addressed be the auditor?


Course Content:

1. What is audit risk? 2. Identification of risk? 3. ROMM at the financial statement level 4. ROMM at the assertion level and the new concept of relevant assertions 5. Assessment of inherent risk (Including the new inherent risk factors) 6. Control risk (New requirements as per ISA 315) a. Indirect controls b. Direct controls 7. Assessment of fraud risk 8. The spectrum of inherent risk 9. Significant risks 10. Significant classes of transactions, account balances and transactions 11. The risk assessment procedures that must be performed during the audit 12. Responses to address the assessed Risk of Material Misstatement What do all these terms mean and how does it fit into a risk-based audit approach?


Course Objective:

The new ISA 315 (revised) requires the auditor to identify and assess many different types of risks. During this session, I am going to explain the meaning of all the different risks that must be identified, assessed and documented by the auditor.


Who Should Attend?

All auditors and their staff who is responsible for the audit of financial statements

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

When designing tests of control and tests of details, the auditor shall determine means of selecting items for testing that are effective in meeting the purpose of the audit procedure. The auditor also needs to ensure that sufficient appropriate evidence is obtained through these procedures. This course focuses on the different methods of selecting items, the advantages and disadvantages of each, when and how to use them, and the results obtained from the different methods. This session also discusses the requirements of ISA 530 in terms of sampling.


Course Content:

The following will be covered during this session: What is meant by �Sufficient and Appropriate�? Different selection methods for items o Selecting all items o Specific items o Audit sampling What is audit sampling Different types of sample selection methods o Haphazard o Random o Judgemental o Monetary unit sampling o Systematic Determination of sample sizes Documentation necessary on audit file Selecting items for control tests Selecting items for substantive tests (detail tests). Projecting misstatements


Course Objective:

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

On 1 May 2011 the new Companies Act 2008 (Act) introduced the concept of an Independent Review as an alternative form of external independent assurance of financial statements. Private companies in South Africa are able to replace the annual audit with an Independent Review. But what exactly is an Independent Review and what are the procedures that must be performed by a practitioner during the independent review? How are these procedures different from audit procedures? The purpose of this webinar is to provide delegates with a theoretical background of ISRE 2400.


Course Content:

The following will be covered during this session: Companies Act requirements o Who can perform an Independent Review o When can you perform an independent review o Should you report to CIPC on any matters Accepting the engagement and what to consider The calculation of materiality Analytical procedures and inquiries to obtain an understanding of the client When is something �Likely to be misstated� Procedures to be performed during a review engagement Finalising the engagement Reporting requirements


Course Objective:


Who Should Attend?

This series will benefit any and all professional accountants, chartered accountants, auditors and employees who perform independent reviews.

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

In a time when the independence of the auditor is being questioned, it is important to ensure that we comply with the independence requirements contained within the relevant legislation and codes. When a lack of independence is cited as the main root cause for audit failures, it is imperative that we apply professional scepticism and accurately assess if we are indeed independent. Join us in this session as we discuss and consider the requirements of the IRBA code of conduct, as well as the Companies Act and the international standards on auditing as they pertain to independence.


Course Content:

Long Association in terms of the code Partner rotation � Code vs Companies Act section 92 MAFR


Course Objective:


Who Should Attend?

Auditors, Audit managers and Audit partners

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Do you often identify non-compliance with laws and regulations from your tax, accounting or auditing clients? Are you aware that as a professional accountant that must adhere to the Professional Code of Conduct, you have to respond to these non-compliances? Join us in this session as we unpack our responsibility in terms of the NOCLAR section in the code of conduct, how to consider, respond and document the issues, as well as when it is necessary to report.


Course Content:

The following will be covered during this session: What are the reasons for, and why is it necessary to respond to NOCLAR? What is a NOCLAR? Who needs to comply with this section in the code? Types of laws and regulations and exclusions of the scope What does it mean for non-compliance to become known? What should be done when non-compliance is identified or becomes known? Senior PAs in business PA�s in public practice who provides assurance engagements Other PA�s in business PA�s in public practice who provides services other than audits What does it mean to obtain an understanding of the matter? Who should you discuss the matter with and what should be discussed? Should the matter be disclosed to an authorised body? When are you prohibited from disclosure? What needs to be documented


Course Objective:


Who Should Attend?

This session is aimed at all professional accountants and anyone else providing services on the accounting profession, including trainee accountants.

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Employees are the most important asset for any business, but also the biggest expense. As such, employee costs will be a material item on most audit files, making It imperative that the auditor ensures sufficient appropriate evidence was obtained. In this session, we will discuss the procedures to be performed and consider a practical working paper approach to payroll testing.


Course Content:

greeing the expense to underlying records Reconcile GL to payroll reports Agree to Bank statement Payment vs statutory deductions Analytic procedures Selecting a sample for detail testing Population


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees,Third year SAICA trainees, Fourth year SAICA trainees, and Fifth year SAICA trainees

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Management override of control is the most common fraud risk on an audit file. Yet many audit files do not have sufficient documented evidence over this risk. From documenting the controls to identifying related parties, selecting items for testing and performing procedures, it seems as if we are just not doing enough. Join us as we explore the risk posed by management override of control and look at the procedures that needs to be performed to ensure this risk is mitigated sufficiently.


Course Content:

Presumed fraud risk if management override of control How can management commit fraud through Journals Related parties Identifying related parties and applying professional skepticism What constitutes a related party Testing related parties and journals Identifying the population Selecting items for testing Procedures to be performed Documentation


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, and Audit partners

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

Revenues are the lifeblood of any organization and as such an important section of the audit. A presumed fraud risk, revenue requires more focus from the auditor than other sections, but how do you know if you have enough audit evidence? The expense line item provides its own issues. Being one financial statement line item that includes multiple accounts, it commonly leads to doubt over whether or not enough work was performed. In this session we will discuss these line items and how to identify if you have sufficient appropriate evidence.


Course Content:

Revenue as a presumed fraud risk Examples of fraud schemes in revenue Risk rebuttal Risk assessment for expenses Significant risk response � revenue Sampling and selecting items Procedures to perform for each assertion


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, and Audit partners

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Yvonne Rossouw


Overview:

IRBA has issued their public inspections report for 2018, revealing recurring quality deficiency themes. With only 47% of engagement inspections found to be satisfactory, it is imperative that the audit profession identify the reasons behind these deficiencies. Join us in this webinar as we discuss the findings and look into the root causes. What are the pitfalls for auditors and how can we overcome this? Why is audit quality suffering and can we change this? What processes can we put in place to avoid future deficiencies? These are just some of the questions that we will be addressing during this webinar. This advanced course will benefit all seniors, managers and partners engaged in audits. Junior trainees will also benefit.


Course Content:

Our upcoming webinar will focus on the following aspects: Deficiencies identified through the Inspections Firm level deficiencies such as Leadership responsibilities Ethical requirements File tampering Engagement file level deficiencies such as Revenue risk assessment and completeness testing Estimates Related parties Attorney trust accounts Root cause analyses � Why is this happening Remedial action Impact of these deficiencies


Course Objective:

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Mariette Muller


Overview:

Registered Auditors, in their capacity as auditors, are required to report Reportable Irregularities to the IRBA, should they come across any during the course of their audit engagements or while appointed as auditor of an entity. The IRBA issued guidance in this regard in 2006. In May 2015, the IRBA issued revised guidance in this regard. The purpose of the Revised Guide for Registered Auditors: Reportable Irregularities in Terms of the Auditing Profession Act (the Guide) as issued by IRBA is to provide guidance to registered auditors on their responsibility to report reportable irregularities in terms of section 45 of the Auditing Profession Act, 2005 (the APA). Depending on the circumstances, registered auditors are advised to obtain legal advice and are reminded of the responsibility to adequately and appropriately document their deliberations. In the Guide reference to an “auditor" or a “registered auditor, unless the context requires otherwise, means an auditor registered as such under the APA. The Guide does not apply to a registered auditor acting as an independent reviewer in terms of section 30(2)(b)(ii)(bb) of the Companies Act, 2008 (the Companies Act), who identifies a reportable irregularity in terms of Regulation 29 to the Companies Act, which must be reported directly to the Companies and Intellectual Property Commission (CIPC). Note that the definition of reportable irregularity under Regulation 29 differs from that set out in the APA. This Guide replaces the Guide Reportable Irregularities: A Guide for Registered Auditors issued in June 2006, which has been withdrawn. When using the Guide auditors should bear in mind that there might have been amendments to the IRBA Code of Professional Conduct, Laws or Regulations made subsequent to the issue date of this Guide.


Course Content:

The definition of a reportable irregularity and general principles When the obligation to report irregularities arises and when the Guide becomes applicable The process followed by the IRBA on receipt of a reportable irregularity report made in terms of section 45 The impact of a section 45 reportable irregularity on the auditor's report Professional responsibilities, disciplinary measures, other sanctions and monitoring of compliance with section 45


Course Objective:

To gain an overall understanding about reportable irregularities, the requirements contained in the Auditing Profession Act, and the use of the Guide as issued by the IRBA


Who Should Attend?

All registered auditors and their staff who perform audit engagements

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Lynette Badenhorst


Overview:

The aim of this webinar is to remind auditors and independent reviewers of their and their clients reporting requirements arising from certain legislation The reporting requirements applying to clients and auditors are legally enforceable and are located within the following legislation and standards: ISA 250 Consideration of Laws and Regulations in an audit of financial statements Section 45 of the Auditing Profession Act, 2005 Close Corporations Act, no. 69 of 1984 Regulation 29 of the Companies Act no. 71 of 2008 Section 19(4) Financial Advisory and Intermediary services act, no. 37 of 2002 Section 28, 28A and 29 of the Financial Intelligence Centre Act, no. 38 of 2001 (FICA) Regulation 67 and 68 of the National Credit Act, no. 34 of 2005 Section 12 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, no. 33 of 2004 (POCDATARA) Section 34 of the Prevention and Combating of Corrupt Activities Act, no. 12 of 2004 (PRECCA) Section 225 of the Code of Conduct for Professional Accountants. - Non-Compliance with Laws and Regulations (NOCLAR) During this webinar I will explain whose duty it is to report, what must be reported, the maximum penalties for failing to report and the Regulator/ Entity to which the report should be made to.


Course Content:

The following issues regarding the reporting requirements will be discussed and explained: The auditor and independent reviewer�s consideration of Laws and Regulations during an audit and independent review Reportable irregularities identified during an audit Reportable irregularities identified during an Independent Review Contravention of a provision of the Close Corporations Act Irregularities or suspected irregularities identified in the conduct or the affairs of an authorised financial services provider Reporting of cash transactions by accountable and reportable institutions to the Financial Intelligence Centre Reporting by accountable institutions who has in its possession or under its control property owned or controlled by or on behalf of, or at the direction of: any entity which has committed, or attempted to commit an offence as defined in the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 Reporting of suspicious transactions by all businesses to the Financial Intelligence Centre Reporting in terms of regulation 67 when performing an assurance engagement in accordance with the guidelines issued by the National Credit Regulator Reporting the offence of theft, fraud, extortion, forgery or uttering a forged document, involving an amount of R100 000 i.t.o PRECCA Responding to Non-Compliance with Laws and Regulations (NOCLAR)


Course Objective:


Who Should Attend?

The seminar will be of interest to all professional accountants in public practice.

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2.5 hrs

Presenter: Lynette Badenhorst


Overview:

The aim of this webinar is to remind auditors and independent reviewers of their and their clients reporting requirements arising from certain legislation The reporting requirements applying to clients and auditors are legally enforceable and are located within the following legislation and standards: � ISA 250 Consideration of Laws and Regulations in an audit of financial statements � Section 45 of the Auditing Profession Act, 2005 � Close Corporations Act, no. 69 of 1984 � Regulation 29 of the Companies Act no. 71 of 2008 � Section 19(4) Financial Advisory and Intermediary services act, no. 37 of 2002 � Section 28, 28A and 29 of the Financial Intelligence Centre Act, no. 38 of 2001 (FICA) � Regulation 67 and 68 of the National Credit Act, no. 34 of 2005 � Section 12 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, no. 33 of 2004 (POCDATARA) � Section 34 of the Prevention and Combating of Corrupt Activities Act, no. 12 of 2004 (PRECCA) � Section 225 of the Code of Conduct for Professional Accountants. - Non-Compliance with Laws and Regulations (NOCLAR) During this webinar I will explain whose duty it is to report, what must be reported, the maximum penalties for failing to report and the Regulator/ Entity to which the report should be made to.


Course Content:

The following issues regarding the reporting requirements will be discussed and explained: � The auditor and independent reviewer�s consideration of Laws and Regulations during an audit and independent review � Reportable irregularities identified during an audit � Reportable irregularities identified during an Independent Review � Contravention of a provision of the Close Corporations Act � Irregularities or suspected irregularities identified in the conduct or the affairs of an authorised financial services provider � Reporting of cash transactions by accountable and reportable institutions to the Financial Intelligence Centre � Reporting by accountable institutions who has in its possession or under its control property owned or controlled by or on behalf of, or at the direction of: any entity which has committed, or attempted to commit an offence as defined in the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 � Reporting of suspicious transactions by all businesses to the Financial Intelligence Centre � Reporting in terms of regulation 67 when performing an assurance engagement in accordance with the guidelines issued by the National Credit Regulator � Reporting the offence of theft, fraud, extortion, forgery or uttering a forged document, involving an amount of R100 000 i.t.o PRECCA � Responding to Non-Compliance with Laws and Regulations (NOCLAR)


Course Objective:


Who Should Attend?

The seminar will be of interest to all professional accountants in public practice.

Individuals: R 517.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

The aim of this session is to remind auditors, independent reviewers and accounting professionals of their and their clients reporting requirements arising from certain legislation The applicable reporting requirements are legally enforceable and are located within the following legislation and standards: ISA 250 Consideration of Laws and Regulations in an audit of financial statements Section 45 of the Auditing Profession Act, 2005 Close Corporations Act, no. 69 of 1984 Regulation 29 of the Companies Act no. 71 of 2008 Section 19(4) Financial Advisory and Intermediary services act, no. 37 of 2002 Section 28, 28A and 29 of the Financial Intelligence Centre Act, no. 38 of 2001 (FICA) Regulation 67 and 68 of the National Credit Act, no. 34 of 2005 Section 12 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, no. 33 of 2004 (POCDATARA) Section 34 of the Prevention and Combating of Corrupt Activities Act, no. 12 of 2004 (PRECCA) Section 225 of the Code of Conduct for Professional Accountants. - Non-Compliance with Laws and Regulations (NOCLAR) During this session I will explain whose duty it is to report, what must be reported, the maximum penalties for failing to report and the Regulator/ Entity to which the report should be made to.


Course Content:

The following issues regarding the reporting requirements will be discussed and explained: The auditor and independent reviewer�s consideration of Laws and Regulations during an audit and independent review Reportable irregularities identified during an audit Reportable irregularities identified during an Independent Review Contravention of a provision of the Close Corporations Act Irregularities or suspected irregularities identified in the conduct or the affairs of an authorised financial services provider Reporting of cash transactions by accountable and reportable institutions to the Financial Intelligence Centre � Reporting by accountable institutions who has in its possession or under its control property owned or controlled by or on behalf of, or at the direction of: any entity which has committed, or attempted to commit an offence as defined in the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 Reporting of suspicious transactions by all businesses to the Financial Intelligence Centre� Reporting in terms of regulation 67 when performing an assurance engagement in accordance with the guidelines issued by the National Credit Regulator � Reporting the offence of theft, fraud, extortion, forgery or uttering a forged document, involving an amount of R100 000 i.t.o PRECCA Responding to Non-Compliance with Laws and Regulations (NOCLAR)


Course Objective:


Who Should Attend?

The seminar will be of interest to all professional accountants in public practice.

Individuals: R 517.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

The aim of this session is to remind auditors, independent reviewers and accounting professionals of their and their clients reporting requirements arising from certain legislation The applicable reporting requirements are legally enforceable and are located within the following legislation and standards: ISA 250 Consideration of Laws and Regulations in an audit of financial statements Section 45 of the Auditing Profession Act, 2005 Close Corporations Act, no. 69 of 1984 Regulation 29 of the Companies Act no. 71 of 2008 Section 19(4) Financial Advisory and Intermediary services act, no. 37 of 2002 Section 28, 28A and 29 of the Financial Intelligence Centre Act, no. 38 of 2001 (FICA) Regulation 67 and 68 of the National Credit Act, no. 34 of 2005 Section 12 of the Protection of Constitutional Democracy against Terrorist and Related Activities Act, no. 33 of 2004 (POCDATARA) Section 34 of the Prevention and Combating of Corrupt Activities Act, no. 12 of 2004 (PRECCA) Section 225 of the Code of Conduct for Professional Accountants. - Non-Compliance with Laws and Regulations (NOCLAR) During this session I will explain whose duty it is to report, what must be reported, the maximum penalties for failing to report and the Regulator/ Entity to which the report should be made to.


Course Content:

The following issues regarding the reporting requirements will be discussed and explained: The auditor and independent reviewer�s consideration of Laws and Regulations during an audit and independent review � Reportable irregularities identified during an audit Reportable irregularities identified during an Independent Review Contravention of a provision of the Close Corporations Act Irregularities or suspected irregularities identified in the conduct or the affairs of an authorised financial services provider Reporting of cash transactions by accountable and reportable institutions to the Financial Intelligence Centre Reporting by accountable institutions who has in its possession or under its control property owned or controlled by or on behalf of, or at the direction of: any entity which has committed, or attempted to commit an offence as defined in the Protection of Constitutional Democracy against Terrorist and Related Activities Act, 2004 � Reporting of suspicious transactions by all businesses to the Financial Intelligence Centre Reporting in terms of regulation 67 when performing an assurance engagement in accordance with the guidelines issued by the National Credit Regulator Reporting the offence of theft, fraud, extortion, forgery or uttering a forged document, involving an amount of R100 000 i.t.o PRECCA Responding to Non-Compliance with Laws and Regulations (NOCLAR)


Course Objective:


Who Should Attend?

The seminar will be of interest to all professional accountants in public practice.

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 3 hrs

Presenter: Lynette Badenhorst


Overview:

Audits conducted in accordance with ISAs must follow the risk‑based approach. Auditors should direct audit work to the key risks (sometimes also described as significant risks), where it is more likely that errors and fraud will lead to a material misstatement in the financial statements. It would be inefficient to address insignificant risks in a high level of detail. During this webinar I will discuss a 10-point plan for auditors to identify and address the different components of risk during an audit of financial statements. I will also explain which type of audit procedures should be performed to address the different components of risk.


Course Content:

Audit risk Inherent risk Control risk Fraud risk Detection risk Significant risks Presumed risks Business risks Risk of material misstatement (ROMM) Desired audit risk What does all these terms mean and how does it fit into a risk-based audit approach?


Course Objective:


Who Should Attend?

All auditors and their staff who is responsible for the audit of financial statements

Individuals: R 1,495.00 (Incl. VAT)

CPD Hours: 7 hrs

Presenter: Cornel Wilson


Overview:

Team Mate and AGSA Methodology


Course Content:

How TeamMate works - Different sectors (PFMA and MFMA) - Modified Cash Standard - Mechanics of TeamMate - Replication, syncing and merging - Hyperlinks - Backups - TeamMate tips and tricks Introduction to planning - Auditing standard - Performance audit - Compliance audit - Fruitless and wasteful expenditure - Irregular expenditure - Unauthorised expenditure - Pre-engagement working papers - Planning working papers - Materiality Assertions, systems and exceptions - Assertions - System descriptions - AGSA house style - Exceptions - MI Risk register and RAR - Risk vs risk factor - Significant risk - Risk register - RAR Approach and Sampling - New AGSA methodology - Lead sheet - Approach and stratification - Substantive analytical procedures - Test of controls - Sampling - Extrapolation - Accumulation and correction wp


Course Objective:

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Lynette Badenhorst


Overview:

The consequences for any director, their auditor or independent reviewer that do not understand their roles or responsibilities whilst a company is trading under insolvent circumstances are severe. Auditors and independent reviewers of companies have certain reporting duties whilst performing audits or independent reviews, especially where they are dealing with companies where the liabilities exceed the assets. It is of utmost importance that auditors, reviewers and their clients understand these reporting duties. The legislation governing all of these duties for directors and auditors are complex and there are many pitfalls. During this webinar I will be discussing all the relevant legislation that auditor�s, independent reviewers as well as their clients who are directors of companies should be aware of. Please join me on for this very informative webinar. We are also providing a link for your clients to attend this webinar. Please feel free to invite your clients to join the session.


Course Content:

What is the meaning of factual insolvency? Irregularities and factual insolvencies What is the meaning of commercial solvency? Under which circumstances can the Commission issue a notice to the company to cease business? What are the duties of director�s whilst trading under insolvent circumstances? What is the meaning of reckless trading? When is a company financially distressed? What is the meaning of intent to� defraud�? What affect will a subordination agreement? Subordination agreements and liquidation Examining the subordination agreement by the auditor Difference between a letter of comfort and a letter of support Effect of the subordination agreement and other support on insolvency Duties of an auditor and independent when a company is trading under insolvent circumstances Reporting duty of the auditor of a company when a company is trading under insolvent circumstances Reporting duty of the independent reviewer when a company is trading under insolvent circumstances Reckless trading and the personal liability of directors Standard of director�s conduct (meaning of fiduciary duty of a director) What would constitute �reasonably diligent steps to be taken by a director when a company is financially distressed When to apply for business rescue? When to apply for liquidation? Knowingly a party to prohibited conduct Reasonable director test to be applied by a court Defences available to directors Application of the solvency and liquidity test Delinquent directors When could a director be held personally liable? When could a director be charged with a criminal offence in terms of the companies Act What are the consequences for auditors and independent reviewers of not fulfilling their reporting duties?


Course Objective:

None


Who Should Attend?

All directors of companies, prescribed officers, members of audit committees, their auditors or independent reviewers and all their staff who will be performing audits and independent reviews of companies.

Individuals: R 1,035.00 (Incl. VAT)

CPD Hours: 4 hrs

Presenter: Yvonne Rossouw


Overview:

If you see fraud and do not say fraud, you are a fraud What exactly is the responsibility of an auditor towards fraud, and how do we ensure that we discharge this responsibility? With expectations from the public ever increasing, it is important that auditors understand their responsibility to protect the pubic interest and respond to fraud. This course explains the auditor�s responsibility towards fraud in an audit engagement and independent review. This course focuses on the auditor�s responsibility towards detecting fraud and the reporting requirements when fraud is suspected or detected. The course includes the auditor�s responsibility in terms of the ISAs as well as the responsibility in terms of the auditing professions act with regards to reportable irregularities


Course Content:

What constitutes Fraud Types and examples of fraud Fraud risk triangle The auditor�s responsibilities relating to fraud Obtaining an understanding of the entity and the fraud risk factors to plan the audit Fraud risk assessment including presumed fraud risks Considering laws and regulations Responding to fraud risks Reporting requirements relating to fraud Communicating with those charged with governance


Course Objective:


Who Should Attend?

First year SAICA Trainees Second year SAICA trainees Third year SAICA trainees Fourth year SAICA trainees Fifth year SAICA trainees Audit mangers Audit partners Engagement Quality Control Reviewers Auditors

Individuals: R 1,035.00 (Incl. VAT)

CPD Hours: 4 hrs

Presenter: Yvonne Rossouw


Overview:

Internal controls are the only thing that can prevent errors or fraud in financial statements. Do we sufficiently address them during an audit? The purpose of this course is to take delegates through the audit process and to discuss in detail every requirement that is listed in the auditing standards that relates to internal controls. From obtaining an understanding, to testing and reporting on deficiencies, controls are of the utmost importance in an audit. This course offers a comprehensive review of the auditor�s obligation toward internal controls, from the requirements listed in the international standards on auditing through to the real-world issues faced during external audits. Furthermore this course will cover the documentation requirements relating to an audit engagement, including the elements to be included in the working papers.


Course Content:

What is controls and when will a control be relevant to the audit Responsibility of management regarding controls Responsibility of the auditor regarding controls Why do we implement internal controls ISA 250 Controls in place to ensure they comply with laws and regulations ISA 265 Communicating deficiencies and significant deficiencies in controls to TGWG ISA 315 Identifying and assessing the risk of material misstatement through understanding the entity and its environment. Documenting controls relevant to the audit and the responsibility for system descriptions Evaluating the design and implementation of controls Nature, timing and extent of test of controls relevant to the audit Sampling on test of controls Key audit matters


Course Objective:


Who Should Attend?

Investment managers Auditors First year SAICA Trainees Second year SAICA trainees Third year SAICA trainees Fourth year SAICA trainees Fifth year SAICA trainees Audit mangers Audit partners Engagement Quality Control Reviewers

Individuals: R 1,035.00 (Incl. VAT)

CPD Hours: 4 hrs

Presenter: Yvonne Rossouw


Overview:

Where there are rules, they will be broken. This is a universal truth, but while some rules were made to be broken, others are created to protect the best interest of all relevant parties. This course looks at the auditors responsibility towards laws and regulations within an audit as well as the response necessary should non-compliance be identified. This course also focuses on the consequences to the auditors if they do not comply with their reporting responsibility


Course Content:

ISA 250 Consideration of Laws and Regulations in an Audit of Financial Statements. Auditors knowledge of laws and regulations Different responsibilities towards Laws with direct effect and laws with indirect effect Should the auditor identify ALL instances of non-compliance Where non-compliance is identified, what is the response o ISA 250 response o APA response in terms on reportable irregularities o Code of conduct response NOCLAR When and how does the auditor need to report the non-compliance Practical documentation of these steps Compliance with anti-bribery and corruption legislation Specific laws and regulations with an effect on the audit


Course Objective:


Who Should Attend?

Auditors Second year SAICA trainees Third year SAICA trainees Fourth year SAICA trainees Fifth year SAICA trainees Audit mangers Audit partners Engagement Quality Control Reviewers

Individuals: R 563.50 (Incl. VAT)

CPD Hours: 2 hrs

Presenter: Lynette Badenhorst


Overview:

Auditing accounting estimates has never been an easy task. Estimates are difficult to measure and because it often involves management�s judgment they pose huge challenges for auditors. The new ISA 540 (Revised), Auditing Accounting Estimates and Related Disclosures, introduces a number of changes that auditors will need to understand and implement. The significance of the changes shouldn�t be underestimated. While the standard has been written to be scalable to estimates with low risk, auditors are going to need to understand the requirements properly before they are able to make a judgment about what work they need to do. This session will focus on the amount of work auditors need to do to tackle the requirements in the revised standard, including appropriately capturing the changes into audit methodologies and guiding the work of auditors in this area. The session will focus on three key areas � risk assessment, professional skepticism and documentation.


Course Content:

Requirement to perform separate inherent risk and control risk assessments at the assertion level New concept of spectrum of inherent risk Further audit procedures to respond to the risks of material misstatement Key drivers of scalability � Performing a retrospective review � The concept of presumed fraud risk � When should the auditor address controls over estimates How to demonstrate that professional skepticism has been applied The new stand back requirement to be performed The new enhanced documentation requirements


Course Objective:


Who Should Attend?

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers

Individuals: R 437.00 (Incl. VAT)

CPD Hours: 2.5 hrs

Presenter: Lynette Badenhorst


Overview:

A topic that causes a lot of uncertainty in the profession is that of insolvency, mainly because there are different types of insolvencies that must be considered by the accounting professional. Accounting professionals also have a duty to report these insolvencies whilst performing certain types of engagements. Information about these insolvencies and how to deal with them are not always readily available, therefore I have decided to put together this presentation in order to assist practitioners in this regard.


Course Content:

During this presentation I will be answering the following questions. What is the difference between the following? 1. Technical or factual insolvency 2. Commercial insolvency 3. Financially distressed 4. Going concern problems 5. Fraudulent or reckless conduct 6. Common law fraud When does any form of insolvency becomes an irregularity? When does insolvency constitute an offence or infringe a statutory or common rule? When should the auditor report insolvencies? When should the independent reviewer report insolvencies? When should the accounting officer report insolvencies? When must the directors of a company perform a solvency and liquidly test? Under which circumstances will the Commission issue a notice to a company to cease trading? What effect will the following have on the insolvency position of a company? 1. Subordination agreements 2. Letter of comfort 3. Guarantees 4. Letter of support What type of liability could an auditor, independent reviewer, accounting officer or director of a company of a director incur for not dealing in an appropriate manner with any form of insolvency


Course Objective:


Who Should Attend?

All accounting professionals and their staff will benefit from this presentation.

Make Booking Instructions

Please click here for a video instruction on how to register Click Here.

Online Courses

The ProBeta Online Learner Management System specialises in delivering high-quality cost-effective online video training that includes a wide range of Accounting, Auditing and Tax topics.

The ProBeta Online Learner Management System is particularly suited for those candidates who cannot spare regular time in a classroom workshop. You can listen to our recorded webinars and learning sessions whenever you want, wherever you want. There is no time limit, you can move at your own pace.

If you're not sure what you want to register for, it might be a good idea to browse our course categories or subjects to determine where your interests lie. All that you have to do once you've found a session that you are interested in, is to register for the specific on-line session by clicking on Make Booking and select the "Online Booking" and follow the steps provided on the screen.

At the end of each lesson, we provide multiple choice and interactive tests in order for you to assess the knowledge you have obtained as you progress.

Your success is our priority!

For any enquiries please contact us at info@probetatraining.co.za or 011 886 1395.