Current Issues for Auditors

Introduction

With the ever-increasing pressure on auditors to improve both quality and efficiency, coupled with the steady flow of changes to accounting and auditing standards, it was already a challenging time to be an auditor. The impact of the coronavirus pandemic and the resulting restrictions on peoples’ movements have presented further challenges to auditors and the entities they audit.

This live session will explore the key considerations for auditors in the current climate, highlight changes to relevant standards, and consider areas identified as common weaknesses by regulators.

The live broadcast focusses on real-life examples to provide insights into areas where audit quality issues are often identified and considers ways to avoid these without compromising on efficiency. It also looks at practical measures to help target the audit team’s efforts to the areas of greatest risk and importance.

This live session is aimed at partners, managers and staff in audit firms interested in ways to improve the quality and efficiency of their audits.

What You Will Learn

This live broadcast will cover the following areas:

• Audit implications of the coronavirus pandemic
• Recent and upcoming changes to ethical and auditing standards
• Recent regulator feedback
• Common findings from cold file reviews including materiality, going concern, estimates and sampling
• Documentation and efficiency considerations

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.