Audit Evidence, Execution & Other Key Standards and Areas - 2022
Category: Audit | Duration: 2hr | Tag: VODIRECAUW2213 | Type: Video | Speaker: Colm Owens, Lindsay Webber | Date: 31/03/2022 10:00
While the IAASA International Standards on Auditing (Ireland) have been with us for some time now, there are new standards and amendments being rolled out on an ongoing basis. Auditors need to keep up to date with the fundamentals along with the changes introduced. The ongoing flood of challenges facing auditors never seems to end. Covid-19 is still with us, and we have to contend with Brexit and the global economic uncertainty. Financial Reporting disclosures, asset valuations and going concern are back on the agenda with a bang for 2022. It is essential that auditors now focus on optimising their processes and procedures to ensure the profitable implementation of the new standards.
Having helped hundreds of firms navigate the auditing and ethical standards over the years the OmniPro technical team is uniquely positioned to identify the enduring problem areas and provide solutions to the most common challenges faced by practitioners. This workshop looks at the theory of the standards blended together with the practical challenges and the requirements to comply with the monitoring expectations of the Institutes.
This audit CPD workshop will focus on the practical implementation of the new auditing and associated ethical standards – from communications, planning and procedures right through to execution, reporting and opinion forming.
In these sessions, Colm & Lindsay cover the following topics:
– ISA 230 – Audit Documentation;
– ISA 500 – Audit Evidence;
– ISA 402 – Audit Consideration Relating to an Entity Using a Service Organisation;
– ISA 450 – Evaluation of Misstatements Identified During the Audit;
– ISA 501 – Audit Evidence – Specific Consideration for Selected Items;
– ISA 505 – External Confirmations;
– ISA 510 – Initial Audit Engagements – Opening Balances;
– ISA 520 – Analytical Procedures;
– ISA 540 – Auditing Accounting Estimates;
– ISA 550 – Related Parties.
– ISA 560 – Subsequent Events;
– ISA 580 – Written Representations;
– ISA 600 – Audits of Group Financial Statements (incl. the WORK of Component Auditors);
– ISA 610 – Using the Work of Internal Auditors;
– ISA 620 – Using the Work of an Auditor’s Expert.
Colm Owens
Lindsay Webber