CPDStore Ireland

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:

Going Concern and Audit Opinions

– ISA 700 – The Unqualified Audit Opinion;

– ISA 570 – Material Uncertainty Due to Going Concern;

– ISA 706 – Emphasis of Matter Paragraphs & Other Matter Paragraphs & First Time Audits;

– ISA 705 – Modified Opinions; Limitation of Scope, Adverse & Disclaimers of Opinion; 

– ISA 701 – Key Audit Matters; 

– ISA 710 – Comparative information;

– ISA 720 – Auditors Responsibility for Other Information. 

Practical Opinion Forming & Review of Live Audit Reports. 

– Live Audit Opinion Review