Auditing for Groups
Content
This course will explore issues relating to the audit of group accounts ensuring that practitioners are aware of the legal and regulatory matters which arise.
- Which groups are required by UK company law to have an audit and which are exempt
- Which entities within a group are required to have an audit and which aren't
- Guarantees from parent undertaking to exempt a subsidiary from an audit
- Planning issues - scope; materiality; components
- The audit process - documentation; logistics; budgets; working papers; and timetables
- Auditing the consolidation - group-wide controls; consolidation adjustments; different accounting policies
- Communication matters
- Group audit instructions
- Between group auditor and auditors of components
- The use of questionnaires
- With those charged with governance
- Components and other auditors - significance; competence and independence; review of working papers; and audit reports
- Reporting issues
- Other issues including subsequent events; representation letters; non-coterminous year ends; the use of shared services; service centres and letterbox companies
Flexible solutions
We offer a range of solutions to meet your training needs. To discuss your memberships or bespoke packages needs contact us on 0330 058 7141 or email us.