Course description
The FCA has specific legal powers which enable it to exercise a degree of control over those firms which audit regulated firms - including the ultimate sanction of banning them from acting as auditors. It is essential that auditors understand these powers, how they affect their conduct of the audit and interaction with the FCA.
This live broadcast session will enable delegates to understand the legal basis and regulatory context for the FCA's interaction with auditors of regulated firms, and will cover many topics such as how the FCA interacts with auditors, how additional requirements affect the practical conduct of an audit, and regulatory red flags that auditors might be best placed to identify.
Presenter Gary Pitts has 19 years of compliance experience and is an author of technical articles on compliance-related topics, so be sure to tune in to benefit from his expertise.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
The FCA has specific legal powers which enable it to exercise a degree of control over those firms which audit regulated firms - including the ultimate sanction of banning them from acting as auditors.
It is essential that auditors understand these powers, how they affect their conduct of the audit and interaction with the FCA.
This new live broadcast session will enable delegates to understand the legal basis and regulatory context for the FCA's interaction with auditors of regulated firms, the powers the FCA has over auditors, the practical implications this has for the conduct of audits and how to conduct a client money and assets audit.
What You Will Learn
This live and interactive session will cover the following:
- An understanding of the legal underpinnings of FCA's powers over audit firms
- An understanding of the regulatory context in which these powers are exercised
- How and where these are articulated in the FCA rules
- How the FCA interacts with auditors, its expectation of them and powers of sanction over them
- How these additional requirements affect the practical conduct of an audit
- Regulatory red flags that auditors might be best placed to identify
- The specific requirements relating to client money and asset controls audits
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...