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IRBA 2019 Inspections Report

Assist clients to prepare for an audit by understanding what the auditors will be looking for.

R 475
Category Assurance
Accredited SAIBA
CPD Hours 2
Effort 2 Hours
Duration 2 Hours
Format Webinar
Level Moderate
Assessment Yes
Supervised No
Pre-Entry No
Tuition Mandatory
Study Material No

What you will learn

  The webinar will cover the following topics:  

    • Improve the quality of your client's audit file.
    • Better communicate with the audit firm and audit partner.
    • Appreciate the complexity of the audit process.
    • Facilitate the discussion between the client and the audit firm.

Study Units

Objective

Background and focus areas

Overview of inspection results

Key inspection themes:

  • Deficiencies found at firm level.  

  • Deficiencies found at engagement level. 

Remedial Action Process:

  • Root cause analysis. 

  • Remedial action plan. 

Future outlook: What to expect next?

Requirements

  1. There are no preconditions for this course.  
  2. Moderate level.
  3. Recorded webinar made available on a specified date

Description

Business Accountants often assist clients to prepare for an audit. They do this by preparing the audit file that the audit firm will use to audit the client. 

Business Accountants that understand the challenges faced by audit firms when it comes to quality control will be able to assist the audit firm in performing better audits.

IRBA is the regulator of auditors and has released their 2019 Public Inspections Report which reveals recurring quality deficiency faced by audit firms. 

This webinar explains the IRBA findings and how audit firms should improve their practice and quality control processes.  All attest and assurance staff must stay informed about mistakes made by other practices that have been inspected by IRBA, and take measures to prevent the identified deficiencies within their own practice.  

SAIBA as engaged technical expert Lettie Janse van Vuuren CA(SA), RA, CBA(SA) to reviews the findings of this report from both an audit firm and audit file review engagement level. Lettie will also discuss the common troublesome areas, risks and identify practical measures to safeguard your engagement working papers.  

This will assist Business Accountants to prepare better client audit files thereby reducing costs and presenting value to audit firms. It may also assist Business Accountants to perform better Independent Review Engagements as independent review is regarded as assurance work. 

PRICE          

The following pricing apply: 

  • Ad hoc: R475.00  
  • Subscription: Not applicable* 

 

DATE

This webinar will be available from 18 May 2020. 

 

WHO SHOULD ATTEND  

 The following persons will benefit from attending this webinar:  

  • BAP(SA).  

  • Independent reviewers.   

  • Audit trainees. 

  • Assurance support staff.  

 

PRESENTER 

Lettie Janse van Vuuren CA(SA), RA, CBA(SA)  

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. As a professional trainer and webinar host, she is able to hold the attention of an audience with her relaxed and humorous presentation style.  She has a unique ability to communicate with delegates at their respective levels of knowledge and experience.  Over the last 20 years, she has trained thousands of partners, managers, trainee accountants and other professionals.  

She is responsible for researching, compiling and presenting the SAIBA Quick Update Subscription package. 

 

ADDITIONAL MATERIAL 

By attending this webinar, you will be provided with:  

  • Summarised slide presentation  
  • Reference documents and / or course material where available  
  • Access to a technical knowledge base 

 

WHICH SUBSCRIPTION?: 

This event may bincluded in a subscription packages. If you are not a subscriber, you need to purchase as a stand-alone event:    

Accountant in Practice: No 

Accountant in Practice plus tax: No 

Bookkeeper: No 

Quickupdate: No 

IFRS for SMEs: No

 

HOW TO SUBSCRIBE 

Subscribers pay less for their CPD points. SAIBA offers 4 subscription packages that provides access to everything to run a successful accounting and tax practice. Pay a small monthly amount and gain access to monthly webinars covering ethics, financials, reporting, audit and assurance, working papers, law, technology, management topics, and tax.  

Click here to choose your subscription option.