An Auditor’s Guide to the Latest Risks & Hotspots to Avoid

Introduction

There has been a lot in the professional press recently about audit work being deficient and various firms being sanctioned by regulators for failing to carry out audit work in compliance with International Standards on Auditing (ISAs) and other regulatory requirements.

With larger firms shedding audit clients as they respond to the changing auditing profession, it is likely more smaller firms will be looking at taking these clients on. A careful risk assessment in such cases is needed to ensure the firm can not only carry out the audit but can also comply with ethical requirements as well.

This one-hour webinar looks at some of the main factors that firms should consider at the outset prior to taking on an audit client. It will also examine some of the main ‘hotspots’ when it comes to carrying out audit work.

What You Will Learn

This webinar will cover the following:

• Deficiencies noted in the planning of the audit
• Common deficiencies in audit evidence
• Reliance on written representations
• Use of various paragraphs in auditor’s report
• Dealing with qualified audit opinions

This webinar was recorded on 12th December 2022

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