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

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

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

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