Keeping Audit on the right track - Carlisle
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As part of the ICAS developmental approach to regulation, this course aims to educate Audit Compliance Principals (ACPs) and Responsible Individuals (RIs) in developing a strong compliance function and preventing some of the recurring issues identified on audit monitoring visits.
The first five-year cycle of the courses ‘Keeping Your Audit Firm on the Right Track’ and ‘Keeping Your Audit Files on the Right Track’ was completed as at the end of 2015. Since then this has been consolidated into one single course, lasting three hours, which will again be presented across varied locations each year. As of 1 January 2016, there has been an increase in the mandatory requirement of this course, where it is considered that the course will be beneficial to a wider audience to increase audit quality among ICAS audit registered firms.
The resulting requirements are that:
- Each ACP will be required to attend at least once in the three-year period from 1 January 2016 to 31 December 2018;
- Each RI will be required to attend at least once in the five-year period from 1 January 2016 to 31 December 2020;
- Newly approved RIs will be required to attend the course within 12 months of approval; and
- Previously inactive RIs (i.e. approved RIs who are not signing audit reports), who have recommenced the role, will be required to attend the course within 12 months of becoming active.
The course is presented by the ICAS Audit Monitoring team and has been created to educate and support ACPs and RIs and covers all areas of audit compliance responsibilities, key regulatory issues, common compliance failings, and key findings from ICAS audit monitoring visits. The course is open all audit professionals and many attend yearly to maintain audit CPD, however there is a mandatory requirement, as noted above. Detailed materials are provided during the course, and this is useful reference material for all firms.
The attendee list for this event is exclusively available to CAs.
To connect with other CAs in your community attending this event sign into icas.com
Full speaker list
Kenneth Oliver LLB (Hons) CA,
Assistant Director Audit and Practice Monitoring
Kenneth is responsible for the operational aspects of the Audit and Practice Monitoring function. Prior to joining ICAS Kenneth spent nine years with a Big 4 firm in Glasgow and has wide-ranging audit experience across various industry and regulatory sectors. He has been heavily involved in audit quality projects in the UK and the USA, and delivers advanced training courses to senior practice and industry staff.
Russell Leitch BAcc CA
Senior Reviewer Audit and Practice Monitoring
Russell is a senior member of the team responsible for checking that firms registered with ICAS are upholding professional standards. Prior to joining ICAS he obtained significant audit experience in a wide range of industry and regulatory sectors and within firms of varying size, and including senior roles within audit compliance functions.
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Hallmark Hotel, Court Square CA1 1QY
Emma Hinckley, Events Co-ordinator
Tel: 07900 561320, working hours Tuesday until Friday, 9am until 2.30pm