2024 IRBA Staff Audit Practice Alert - Acceptance and Continuation of Client Relationships of Audits

Firm/Group/Company - R1023.50 (VAT Incl.) Individuals - R379.50 (VAT Incl.)
Firm/Group/Company - R770.50 (VAT Incl.) Individuals - R287.50 (VAT Incl.)
Mr Tristan White
21 Oct '24
09h00 - 10h00
1
Attending the course and successfully completing the post-assessment, will grant you 1 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.
Web Based (Online)
TRISTAN DAVID-CREWE WHITE
tristan@probetatraining.co.za

In July of 2024 IRBA issued a staff audit practice alert which is a non-binding guidance document that addresses key areas of help needed or areas of concern for audit practitioners. Often these alerts are issued to make audit practice more streamlined or simpler.
Accordingly, Staff Audit Practice Alert 10 was published to assist the auditor to identify the key considerations when it comes to ‘acceptance and continuation of client relationships of audit engagements’.

Provide you with a simplified breakdown of the guidance which affects acceptance and continuance considerations on future audit engagements.
To sharpen your understanding of key areas that may lack clarity when considering their impact on acceptance and continuance.
Highlight areas that you may have previously overlooked for acceptance and continuance, in turn protecting you and helping to better inform your client / engagement acceptance decisions.

The Staff Audit Practice Alert 10 on acceptance and continuance covers the following, which will be what is discussed:
• Client Acceptance and Continuance – key considerations
• Proposals for new clients
• Responding to identified risks during client acceptance evaluation
• Terminating a client relationship
• Annexure A: Illustrative example letter for communicating with the existing or predecessor auditor

☒ Audit managers
☒ Audit partners
☒ Auditors
☒ Third year SAICA trainees
☒ Fourth year SAICA trainees
☒ Fifth year SAICA trainees
☒ Engagement quality control reviewers