Auditing Standards - Update & Issues (ICAS)

Overview

This course will provide an update on current issues and developments in the application of auditing standards and the issues arising in audit quality reviews.

Who is this for?

This course will be relevant to all partners, managers and in charges who have audit experience, requiring an update on current issues and developments.

What will you learn?

• Overview of the ISAs and common issues arising.
• The application of the various Statements of Recommended Practice and the audit issues arising.
• The importance of audit planning discussions with management.
• Knowledge of the business and the impact on the audit fieldwork.
• Documentation during the audit.
• Computer systems understanding and the impact on the audit.
• The application of professional scepticism by the audit team.
• Communication with the client and those charged with governance.
• The audit of Related Party Transactions.
• Representations from management.
• The importance of review during the audit process.
• The work of the FRC in relation to Audit Quality.
• Issues arising in Audit Quality Reviews and findings from ICAS.
• Question and answer session on current audit issues and sharing of experience.

Other related courses

Accounting for and Auditing Groups

An Introduction to the Audit of Pension Schemes

Annual Update for the Audit Team

Quality Management in an Audit Engagement