Auditing Standards Issues - Practical Implementation

This course, aimed at audit partners and staff, highlights challenges for audit firms in applying the ISA regime. The course takes a practical focus on some of the most common issues and how they should be tackled.

The course content will be partly based on current feedback from file reviewers and regulators and will include consideration of new and upcoming standards including ISAs (UK) 315 and 240, as well as the recently-amended ISAs (UK) 540 and 570.

The course will include:

• Identifying and assessing audit risk
• Considering fraud risk and responses
• Accounting estimates
• Laws and regulations for the auditor
• Related parties
• Use of experts
• Audit evidence issues including sampling and analytical review
• Going concern and subsequent events