IRBA Public Inspection Report 2024
This webinar aims to equip participants with insights into the outcomes of the 2023 inspections, highlighting key deficiencies, common themes, and presenting remedial action plans and exemplary practices adopted by various firms. February 2024
Category: Financial Reporting
R 375 VAT Incl.
What you will learn
By attending this webinar you will gain the following competencies:
- Familiarise attendees with the inspection strategy for the second year of the 8th Inspection Cycle.
- Stay informed about the details outlined in the most recent IRBA Inspections Report, which includes:
- Notable findings, particularly those related to recurring quality deficiencies.
- Recommendations and other pertinent information.
- Familiarise yourself with the fundamental prerequisites associated with the remedial action process, encompassing aspects such as remedial action plans, and more.
- Stay informed about crucial elements pertaining to Information Technology and best practices.
- Develop the ability to recognise analogous deficiencies within your own professional practice, including:
- Understand the requisite measures to successfully navigate upcoming IRBA inspections; and
- Provide guidance to your audit and other assurance staff on enhancing and sustaining audit quality.
On 2 February 2024, IRBA unveiled its fresh 2023 Public Inspections Report. This report, spotlighting recurring quality deficiency themes identified in the inaugural second year of their 8th Inspections Cycle, is themed “With a Commitment to Promote Improvement and Remediation of Audit Quality.”
It is imperative for registered auditors, including independent reviewers, to integrate the insights from the latest IRBA Inspections Report into their practices. This incorporation is essential for fortifying their quality control processes. Understanding the errors made by other practices empowers firms and their assurance staff to take proactive measures, preventing the recurrence of identified deficiencies within their own practices.
The following pricing apply:
The webinar will cover the following topics:
o Reflection on the 2nd year of the 8th Inspection cycle
o Inspections approach
- Analysis of findings and summary of the IRBA 2023 Public Inspections Report:
o Overview of inspection results 2023
o Key inspection themes, comprising deficiencies, themes and trends found at the following 2 levels:
- Firm-level, and
- Individual Assurance Engagement;
o Information Technology;
o Good practices;
o Remedial Action Process on Internal Monitoring and Recurring inspections findings; and
The following CPD is awarded 3 Units Financial Reporting.
There are no preconditions for this course.
Recorded webinar made available on a specified date.
Lettie Janse van Vuuren CA(SA)
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).
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