Format

This 3.5 hour session will be delivered via Zoom on Wednesday 30 April  from 9.30am to 13:00pm. The Zoom link will be emailed to participants the day before the course is due to take place.

Who should attend

This course is suitable for accountants, auditors, and other business professionals, both from small and mid-sized practices and in business, from across the island of Ireland.

Course overview

While the exact content of this webinar will be agreed closer to its airing, some of the likely issues to be covered will include:

• Audit Planning, including how recent key changes to ISA 315 (Risk of Material Misstatement) will impact your work in this area, as well as your Controls Testing,
• Audit Quality Management under ISQM, the lessons learned since implementation of these new requirements in December 2022 and how to now refine your QM system,
• Going Concern requirements under ISA 570,
• The Audit Risks that you face at this time, in particular fraud. Your responsibilities as auditor, and how ISA 240 impacts your work,
• Enhanced Audit Completion Procedures/documentation, including the Letter of Representation,
• Group Audits, the challenges you face, and the improvements that can be made to your audit work. The revised ISA 600 will also be discussed,
• Sustainability Assurance – what is coming?
• Other points to consider, such as the key points to remember when undertaking a first year audit,
• Typical areas for improvement in the audit of SMEs, as identified by both the Institute Professional Standards and Practice Consulting teams; and
• Reporting to Regulatory bodies should the need arise (e.g., Anti-Money Laundering, Fraud or Company Law issues).
• How best to employ the Institute Procedures for Quality Audit (PQAs), as well as our ISQM Resource Pack, will also be referenced during this session, with useful examples included

Key Learning Outcomes

By the end of this course, participants will be able to:

Appreciate the key auditing issues for micro, small and medium sized companies that have arisen over the last 12 months and how to address these.

How best to employ the Institute PQAs and ISQM Resource Pack in your audits/practice.

Speaker Bios

Conal Kennedy FCA - Conal is Head of Practice Consulting in Chartered Accountants Ireland. He and his team provide advice and support to practices throughout Ireland, and publish a range of practice toolkits covering audit, accounting and compliance. Over a 16 year period in Practice Consulting, Conal has coached and advised many practices through major change events such as mergers, acquisitions and retirements. He has also advised on practice development and marketing.

Jeremy Twomey FCA - Jeremy in his role as Practice Consulting Manager works to support our member practitioners across our service areas, with a particular focus on compliance support, training and our associated advisory services. Jeremy is a Fellow of the Institute, having trained with Ernst & Young; he has held senior management positions across both financial and professional services, as well as the public sector.

Contact us

If you have any questions regarding this or any other CPD course or requirements, please feel free to contact the team here or call us at (+353) 01 523 3930

By registering for this course you have accepted the terms and conditions