Virtual Training Course
Auditing of Attorneys Trust Accounts without Methodology / Software
This Course is not part of the MUS Subscriber discount structure.
|Price:||R2530.00 (VAT Incl.) Per Person|
|Presenter:||Mr Tristan White|
|Date:||6 Apr '22 to 7 Apr '22|
|Times:||Registration:08H00 Start:08H30 End:16H00|
|CPD Hours:||Attendance at this seminar will secure 13 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
|Platform:||Web Based (Online)|
|Back Book Now|
Do you require a practice run of the audit process of attorney trust accounts but don't have a software license for a recognised methodology? Do you have audit staff that need exposure to the audit of an attorney’s trust accounts? Do you want to ensure that you’ve covered all the attorney legislation requirements as part of your audit scope, before issuing the audit report on such a high risk engagement? Are you aware of IRBA's NEW 2019 Revised Guide and it's effect on attorney audits? Then we have a training solution for you. Attorneys’ Trust Account engagements are high risk and thereby require precision and sound knowledge of the legislation to avoid Rule infringement going unnoticed. They key to a successful Attorneys’ Trust Accounts engagement is understanding what makes it unique, being familiar with the new Legal Practitioners Council Rules that govern the attorney profession upon which the audit opinion is based and acquainting one’s self with the new legislation being the Legal Practice Act, that took effect on 1 November 2018 and understanding it’s effect on the audit process.
The objective of this course is to: 1. Simplify all applicable legislation including the Legal Practice Act, Legal Practitioners Council Rules, assurance standard ISAE 3000 and Revised IRBA Guide for Engagements on Attorneys’ Trust Accounts. 2. Clarify how trust accounting differs from business-side accounting 3. Increase the auditor's ability to recognise Rule infringements 4. Address the entire audit process from planning, to execution, all the way through to finalisation of the audit using Microsoft Excel
This is a complete, up-to-date Attorneys’ Trust Account audit course aimed at helping you navigate real world audits. During this session we get you / your trainees up to speed with: • The relevant Legal Practice Act sections • Legal Practitioners Council Rules • The Revised IRBA Guide on Attorneys’ Trust Account Engagements, As well as a practical case study where we: o Consider how to determine a population for testing o Discuss what the various sources of supporting documents are, that could be relevant when testing o Address the planning and finalisation features of an audit
• Primarily, all auditors of attorney trust accounts who don't use any recognised auditing software or methodology • Secondarily, audit trainees with no or limited prior knowledge on attorney trust account audits
Delegates must have the following available on the course day: a) Delegates must have their own computers with Excel already loaded b) Stable internet Connection (Wi-Fi or 3G) with sufficient data for the two days c) Headset (microphone, speakers) for each delegate All software must be fully licensed. All other material and stationery will be provided. Please note: If earlier versions are loaded then some of the functions in might not work.