Session 8: Finalisation – Auditor’s 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 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 10 will focus on: o 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 o ISA 720: The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements

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: • 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

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