Session 7: Execution – Laws and Regulations; Confirmations; Initial Audits and Analytical Procedures ProBeta Training presents a refresher webinar-series on the International Standard on Auditing or ISA to familiarise you with all pertinent elements directly from the standard. The approach to the webinar-series is to split the standards into the relevant phase of the audit, spending several weeks on each phase i.e. • Pre-engagement planning • Execution; and • Finalisation The series will run over the next 4 month, and each session will attempt to: • simplify the relevant standards, • highlight key elements and • provide action points from each standard to ensure that you conduct each audit in accordance with the International Standard on Auditing (ISA). Session 7 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

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

Concepts that will form part of the session, which form the foundation of execution are: • 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

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