Northern Society of Chartered Accountants

Property accounting – all the important considerations for accountants with Peter Herbert

Most practitioners act for clients that have some accounting issues relating to property. Many act for professional landlords, property traders or property developers. Most other clients will own or rent property – which create their own accounting challenges. This session will look in depth at all the relevant issues and consider solutions in the event that either FRS 102 or FRS 105 is being applied.

 

More

Are you ready for changes in auditing in 2023? with John Selwood

Join John Selwood for his update on the significant changes in audit for 2023.

This session will cover the significant changes arising from:

• ISA (UK) 315 (Revised July 2020) Identifying and Assessing the Risks of Material Misstatement and
• ISA (UK) 240 (Revised May 2021) The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements.
• Revised/New International Standards on Quality Management

Revised ISAs 315 and 240 are effective for periods beginning on or after 15 December 2021. In most cases this means that the changes will apply to December 2022, year ends,

Revised ISQMs apply from 15 December 2022.

Event Information

This course will cover:

ISA 315 (Revised)

• Overview of the revised ISA
• The more granular risk assessment
• Spectrum of risk
• Identifying significant risks
• Internal controls – general IT controls
• Other detailed revised requirements

ISA 240 (Revised)

• Overview of the revised ISA
• The auditor’s responsibilities in relation to fraud
• The audit team discussion
• Use of experts
• Dealing with whistle-blowers
• How to appropriately apply scepticism
• Management override
• Testing journals

Revised ISQMs

• Overview of ISQM 1, ISQM 2 and ISA 220 Revised
• Establishing quality objectives
• Risk assessment – identify and assess risks
• Monitoring and remediation processes including root cause analysis
• Documentation
• Using off-the-shelf solutions

Suitable for: This update is for all auditors.

Cost – webinar rates

RATE	COST
Price	£60.00 + VAT
Retired Member	£30.00 + VAT

Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE	COST
Price	£90.00 + VAT
Retired Member	£45.00 + VAT

 

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

More

What makes a good audit junior?

This seminar is aimed at those with up to two years’ experience with little or no understanding of audit.

An audit junior is required to understand the fundamental principles of an audit and the relevant audit assertions. This seminar, targeted at those with up to two years’ practical experience, will provide participants with a range of practical tools to develop their skills and competence in the field.

Event Information

Topics covered include:

• Understanding the audit assertions and directional testing
• Documenting systems notes and performing walk through tests
• How to question, and listen, effectively when talking to client staff
• Using analytical skills and common sense when carrying out audit work
• Documenting work and producing good quality working papers
• When and how to seeking assistance from seniors, managers and partners

Who should attend the seminar?

• Staff in accounting firms with little or no experience in auditing but who want to learn more

Cost – in person course

RATE	COST
Price	£60.00 + VAT

Speaker

James Charlton
James is an experienced trainer specialising in financial reporting, both UK GAAP and IFRS, audit and the charity sector. James also has experience in the banking and insurance sectors.

James spent a number of years in professional examination training before entering the world of CPD training. He brings energy and interactivity to every course that he delivers.

James has also worked in the audit technical team at a national mid-tier firm, providing financial reporting and audit technical advice to the audit and accountancy departments, writing and reviewing technical materials for the practice, and performing engagement quality control reviews on audit files.

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

 

More

25% corporation tax – are there any small business tax planning issues left? with Rebecca Benneyworth

A practical update with Rebecca Benneyworth

This course will look at all of the tax issues affecting small businesses including small owner managed companies and their directors and shareholders.

Event Information

Is tax planning dead or are there pockets of sensible and practical advice?

Do join us to hear the latest!

Cost – webinar rate

RATE	COST
ICAEW Member	£60.00 + VAT
Non-Member	£60.00 + VAT
Retired Member	£30.00 + VAT
Career Break Member	£30.00 + VAT

Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE	COST
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

More

Making Tax Digital countdown – less than 130 days to go! with Rebecca Benneyworth

A practical update with Rebecca Benneyworth via webinar.

The biggest change to affect the tax system since self-assessment is less than 6 months away.

Event Information

Rebecca will explain when your clients will be subject to the new rules and what you need to do to comply with the reporting requirements.

Are spreadsheets acceptable? Do I need to change accounting date? All will be revealed.

Cost – webinar rate

RATE	COST
Price	£60.00 + VAT
Retired Member	£30.00 + VAT
Career Break Member	£30.00 + VAT

Cost – in person attendance rates

This course will be a hybrid event – you can attend in person too at Blaydon Rugby Club – please see details at this link.

RATE	COST
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

Northern Society CPD programme 2022

Northern Society runs a full programme of CPD courses that are open to all. Details of our 2022 programme are set out below.

Date	Session	Speaker
24 March 2022	What makes a good audit senior?	James Charlton
30 March 2022	A very practical Tax update – what you need to know	Rebecca Benneyworth
30 March 2022	Employment Taxes – an absolutely essential update	Rebecca Benneyworth
28 April 2022	Spring Tax update	Bob Trunchion
12 May 2022	Common disclosure errors in financial statements	John Selwood
23 June 2022	The A to Z of small and micro entity accounts	Peter Herbert
22 September 2022	Making Tax Digital – less than 130 days to go	Rebecca Benneyworth
22 September 2022	25% Corporation Tax – are there any small business Tax planning issues left?	Rebecca Benneyworth
11 October 2022	What makes a good audit junior?	James Charlton
19 October 2022	Are you ready for changes in auditing in 2023?	John Selwood
17 November 2022	Property Accounting – all the important considerations for accountants	Peter Herbert
1 December 2022	Autumn Tax update	Bob Trunchion

More

Northern Society of Chartered Accountants 140th Anniversary Afternoon Tea

Join us as we celebrate Northern Society’s 140th Anniversary.

The first meeting of the Northern Society of Chartered Accountants (at first known as the Northern Institute of Chartered Accountants) was held at 3pm on Monday 31 July 1882 at St Nicholas Chambers, Newcastle upon Tyne.

Event Information

Join Northern Society President Dr Yvonne Gale for afternoon tea to celebrate the society’s 140^th Anniversary, at St Nicholas Cathedral close to the building of the first meeting in 1882.

Cost

RATE	COST
Price	£12.50 + VAT

Programme

Please note that the programme is subject to change

TIME	SESSION
15:00	Welcome
15:15	Afternoon tea is served
17:00	Close

More

Teesside Pan Professional Joint Supper & Quiz

Join us for one of Tees Valley’s most popular pan professional events.

Our popular pan professional supper and quiz is back in person for 2022. This is a fantastic opportunity to network with professional service contacts throughout Teesside. Early booking is recommended.

Event Information

The evening will be a great opportunity to network as over 150 professionals representing more than 43 organisations in accountancy, banking, law, IFA’s and IPs across the Tees Valley attended last year’s event.

The evening will include a three course meal followed by a quiz.
19.00 start and formalities conclude by 22:00, networking and bar available until 23:00.

Cost

RATE	COST
Price	£25.00 + VAT

 

More

Retried members lunch and talk by local playwright Ed Waugh

Join us for our retired members lunch and talk.

Local playwright, Ed Waugh, will discuss his new book, Geordie Plays: Volume 1: Hadaway Harry – The Great Joe Wilson – Carrying David. 

Event Information

Harry Clasper, Joe Wilson and Glenn McCrory; three Tyneside heroes, each with a magnificent tale to tell.

It’s a fantastic opportunity to find out more about these beloved plays and hear about the importance of regional heritage to us.

Ed’s latest work, Wor Bella, tells the story of Blyth Spartan’s Ladies’ striker, Bella Reay. Bella was the Alan Shearer of her day!

Ed also has a successful writing partnership with Trevor Wood, and their plays include Dirty Dusting and Alf Ramsey Knew My Grandfather.

You will get a chance to ask Ed any questions you may have.

This event is open to retired members and their guests. The cost includes a two-course lunch with a glass of wine or soft drink, Tea or Coffee and VAT.

Cost

RATE	COST
Price	£25.00 + VAT

Programme

Please note that the programme is subject to change

TIME	SESSION
12:00	For a 12:30 arrival
12:30	Lunch
14:00	Ed Waugh, Talk
15:00	Close

 

More

Teesside business confidence insights roundtable

Focussing on business insights in Teesside and the wider North East Region

We will discuss the latest business confidence findings with local ICAEW member Steve Plaskitt, and explore how the findings relate to Teesside, and the wider North East region.

Event Information

Discuss the latest ICAEW Business Confidence Monitor findings with local experts and industry insiders and get the real insights into the issues surrounding business confidence in Teesside (and beyond).

We would also like to focus on the Government’s recently published Levelling Up White Paper and what this means for the Northern region and what success would look like for Teesside. This will be an interactive roundtable discussion where we will ask delegates to share their local industry knowledge – Chatham house rules will apply.

This roundtable discussion is open to members and non-members however numbers are restricted, please book early to secure your seat at the table.

We would like to thank MHA Tait Walker for hosting this event and extending their hospitality.  We request that delegates take the necessary precautions/lateral flow test before attending this meeting.

Cost

RATE	COST
Price	No Charge

Programme

Please note that the programme is subject to change

TIME	SESSION
11:30	Welcome, roundtable introductions
11:40	BCM overview – Steve Plaskitt  Insights – James Callaghan
12:05	Roundtable discussion
12:30	Networking lunch provided by MHA Tait Walker
13:00	Close

 

More

All too familiar film screening – the latest ICAEW film

Facilitated discussion following the screening of ICAEW’s All Too Familiar film. This event is for UK-based ICAEW members only.

All Too Familiar is a high-quality training film created by ICAEW in collaboration with HMRC which explores the degree of trust still placed in personal and professional relationships and whether enough scepticism is being used in the fight against economic crime.

Event Information

As with the previous ICAEW films, False Assurance (2015) and Without Question (2017), the latest release, All Too Familiar, challenges mindsets and provokes discussion. This time on the need for greater professional scepticism to help reduce the risk of economic crime, and in particular, money laundering.

As well as professional scepticism, All Too Familiar draws out many themes for discussion, such as:

• Can familiarity cloud a firm’s judgement,
• When is the right time to disengage from a client, and
• What are a firm’s professional responsibilities when engaging with law enforcement?

The film also examines the appropriate levels of Customer Due Diligence (CDD) and risk assessments for client relationships.

Northern Society Vice President Richard Slack will facilitate a Chatham House Rules discussion. Breakfast items will be served prior to the films screening. There is no charge to attend. This event is for UK-based ICAEW members only.

Cost

RATE	COST
ICAEW Member	No Charge

Speaker

Dr Richard Slack
Dr Richard Slack is a professor in Accounting at Durham University Business School and was head of department of Accounting from 2017 to 2019. Richard joined Durham University in 2012, having previously been Professor in Accounting at Newcastle Business School, Northumbria University. Richard, an Economics graduate of St Andrews University, had previously worked in the audit department at Price Waterhouse in Newcastle from 1986 to 1992 and is a qualified chartered accountant. Prior to becoming Vice President in May 2021, Richard has been actively involved with the Northern Society, being a long-standing member of the Tyne and Wear branch and served as branch chair in 2015-16.

More

News

Events