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: | 13h00 -16h00 |
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 |
Back Book Now |
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