Webinar Training Course

Auditing Standards 9: Finalisation – Communication and Misstatements

Price: Firm/Group/Company - R2300.00 (VAT Incl.)
Individuals - R690.00 (VAT Incl.)
Price (MLU Subscriber): Firm/Group/Company - R1725.00 (VAT Incl.)
Individuals - R517.50 (VAT Incl.)
Presenter: Mr Tristan White
Date: 10 Nov '22
Times: 09h00 - 12h00
Duration: 3
CPD Hours: Attending the course and successfully completing the post-assessment, will grant you 3 hour/s verifiable CPD, recognised by the various professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc). Please note that the CPD certificate will only be issued once the post-assessment has been completed.
Platform: Web Based (Online)
Contact Person: Tristan White
T:  0118861395
E:  gillian@probetatraining.co.za
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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 the next 4 months, and each session will attempt to: • simplify the relevant standards, • highlight key elements and • provide action points from each standard to ensure that you conduct each audit in accordance with the International Standard on Auditing (ISA). Session 9 will focus on: o ISA 260: Communication with those charged with governance o ISA 265: Communicating deficiencies in internal control to those charged with governance o ISA 450: Evaluation of misstatements identified during the audit o ISA 560: Subsequent events o ISA 570: Going concern o ISA 580: Written representations

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

Concepts that will form part of the session, which form the foundation of finalisation are: • What, how and to whom information must be communicated • Identifying significant and important deficiencies • Communicating control deficiencies and going concern issues • Consideration of both identified and unidentified misstatements • The effect of misstatements on the audit plan • Individual and aggregate misstatement • Management representations about misstatements and subsequent events • Adjusting and non-adjusting events • Management’s assessment of going concern. • Responding to going concern events and conditions • The effect of going concern on the audit report • Written representation that must be obtained • Steps if management refuses to provide representations

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