BRIEF COURSE INFORMATION
This skull session is intended to equip audit practitioners with maximum info to facilitate them in writing professionally worded audit reports that are in compliance with law and auditing standards for private companies incorporated under the Companies Acts 1963 to 2013 and the implications of the recently enacted Companies Act 2014.
Who should attend this course?
Auditors and readers of audit reports seeking a more entire and practical comprehension of audit reporting standards such as ISA(UK&I) 700 (as revised) and the associate audit reports bulletin.
This skull session will cover the law as well as FRC auditing bulletins and standards that are significant in relation to the statutory audit receipt for companies incorporated under the Companies Acts 1963 to 2013, and the impact on the audit receipt to be expected from the Companies Act 2014 now signed into law.
This skull session will also deal with:
- Changes to audit receipt wordings consequent on the revisions to ISAs (UK&I) 700, 705 and 706 and the associate FRC audit bulletin
- Drafting the “enhanced audit report”
- The auditor’s task of care and “Bannerman”
- Practical audit reporting matters
- Qualifying the audit report
- Future developments expected in audit reports.
How they will be covered e.g. lecture style, workshop?
The program will be by presentation chiefly. Example wordings and audit reports will be discussed and made available to skull session participants. Some case studies will be presented.
The training outcomes?
The skull session will update practitioners with regards to the latest standards and rules on audit reports as well as highlighting the more difficult and challenging areas in the wording of audit reports in the existing environment.