Course Details

While the IAASA Ethical Standards (Ireland) have been with us for some time now, there has recently been a major update to them.  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, including those relating to independence and ethical matters. It is essential that auditors now focus on optimising their processes and procedures to ensure profitable implementation of the updated Ethical 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 course looks at the background to the changes to the Ethical Standards blended together with the practical challenges and the requirements to comply with the monitoring expectations of the Institutes. This webinar will focus on the practical implementation of the ethical standards. Attendees will obtain an understanding of the objectives and requirements of the ethical standards and example of practical ways in which they may be implemented.  This will help them to ensure that their firms remain compliant with the Ethical Standards. 

Overview of the key changes to the IAASA Ethical Standards 

Topic 1 – Background to changes, effective date & transitional arrangements;

Topic 2 – Non-Audit Services;

Topic 3 – Long Association;

Topic 4 – Management Threat & Third-Party Test; 

Topic 5 – Reporting Breaches of the Ethical Standards.

CPD Course Speaker

OmniPro

Colm Owens

As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.

Having spent the 6 years prior to joining OmniPro as a quality reviewer with Chartered Accountants Ireland Colm has a unique insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.