Quality management in an audit engagement
Member price: £144.50 + VAT
Non-member price: £170 + VAT
Online Live, 20 November 2023
This course will discuss the importance and measures of audit quality.
The Audit Market is under pressure at present following a number of high profile corporate failures. The FRC reported in July that the inspection results of the larger firms were unsatisfactory. A number of reviews have been completed and are in process. Audit quality will continue to be an area of focus and scrutiny by the Regulators for all audits.
This course will focus on current audit quality issues and actions required to achieve an improvement in quality.
Who should attend
This Course will be relevant to all partners, managers and in charges who are involved in the planning and supervision of audits.
What will you learn
- The importance of challenging management throughout the audit
- Professional skepticism reminder
- Ethical considerations
- Review procedures
- Audit documentation
- Communication with those charged with governance
- Areas of focus:
- Internal controls
- The audit of revenue and long term contracts
- Fair value accounting
Throughout the course there will be the opportunity to discuss issues arising and the sharing of experiences.
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