Where there are rules, they will be broken. This is a universal truth, but while some rules were made to be broken, others are created to protect the best interest of all relevant parties. This course looks at the auditor’s responsibility towards laws and regulations within an audit as well as the response necessary should non-compliance be identified. This course also focuses on the consequences to the auditors if they do not comply with their reporting responsibility

• ISA 250 – Consideration of Laws and Regulations in an Audit of Financial statements. • Auditors knowledge of laws and regulations • Different responsibilities towards Laws with direct effect and laws with indirect effect • Should the auditor identify ALL instances of non-compliance • Where non-compliance is identified, what is the response o ISA 250 response o APA response in terms on reportable irregularities o Code of Conduct Response – NOCLAR • When and how does the auditor need to report non-compliance • Practical documentation of these steps • Compliance with anti-bribery and corruption legislation • Specific laws and regulations with an effect on the audit

Auditors Second year SAICA trainees Third year SAICA trainees Fourth year SAICA trainees Fifth year SAICA trainees Audit managers Audit partners Engagement Quality Control Reviewers