Audit Planning and Strategy Part 1 2024

The webinar will cover the following topics:  

• Introduction to Audit Planning and Strategy:
  • Definition and importance of audit planning and strategy.
  • Overview of the audit planning process.
• Key Components of Audit Planning and Strategy:
  • Establishing audit objectives.
  • Identifying key risks.
  • Determining materiality thresholds.
  • Developing an audit approach.
  • Allocating resources effectively.
• Factors Influencing Audit Planning and Strategy Decisions:
  • Nature and complexity of the audited entity.
  • Industry-specific considerations.
  • Regulatory requirements.
  • Prior audit findings and recommendations.
• Risk Assessment in Audit Planning:
  • Understanding the concept of risk in auditing.
  • Techniques for assessing and evaluating audit risks.
  • Incorporating risk assessment into the audit plan and strategy.
• Communication and Coordination:
  • Importance of communication with key stakeholders.
  • Coordination with management and other audit team members.
  • Ensuring alignment of audit plans with organizational objectives.
• Adapting Audit Plans and Strategies:
  • Monitoring and evaluating the effectiveness of audit plans.
  • Responding to changes in circumstances or audit objectives.
  • Flexibility in adjusting audit approaches as necessary.
• Case Studies and Practical Examples:
  • Real-world examples illustrating effective audit planning and strategy.
  • Discussion of challenges and best practices in audit planning and strategy implementation.
• Summary and Conclusion:
  • Recap of key concepts covered in the module.
  • Importance of effective audit planning and strategy in ensuring audit quality and efficiency.
  • Final thoughts on the role of audit planning and strategy in the broader context of auditing.

Certificate

The following CPD is awarded 3 Units Management Accounting.

Requirements

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

Presenter

Lettie Janse van Vuuren CA(SA),  RA 

Lettie is a Chartered Accountant, Registered Auditor, as well as an Assessor and Moderator. She joined SA Accounting Academy in November 2017 as Head of Technical. 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 our MCLU (Monthly Compliance and Legislation Updates). She was the Professional Development Manager at SAICA for 4 years and in charge of accrediting new training offices and monitoring existing ones (including the moderation of training offices and trainee assessments).  

CIBA Academy Support

Login to CIBA Academy
Select My Dashboard
Select Submit a Ticket to log a new query