Fine Tuning the Audit Process

The essential auditing event for 2014. This practical course is designed for auditors providing audit services to small and medium sized companies. The course will provide a vital update on issues that will impact on audit work for 2015.

The course will cover the following topics;

• Audit Planning – providing the attendee with illustrative examples of audit plans reflective of current challenges for auditors
• Audit Completion – closing down the audit process and file
• Audit reporting – formulating appropriately worded, ISA compliant audit reports
• A review of some of the often overlooked standards including
  - ISA 240, The auditor’s responsibilities relating to fraud in an audit of financial statements
  - ISA 250A, Consideration of laws and regulations in an audit of financial statements
  - ISA 402, Audit considerations relating to an entity using a service organisation
  - ISA 450, Evaluation of  misstatements identified during the audit
  - ISA 500, Audit evidence
  - ISA 501, Audit evidence – specific considerations for selected items
  - ISA 520, Analytical procedures
  - ISA 540, Auditing accounting estimates, including fair value accounting estimates, and related disclosures
  - ISA 620, Using the work of an auditor’s expert
• Current audit issues review including
  - Auditing a dormant company- how far do you go?
  - The impact of the transition to FRS 102 on the work of the auditor
  - Companies Bill 2012 (still a bill at the time of going to print)
  - The impact of the Charities Regulator on your  clients