Northern Society of Chartered Accountants

Efficient audit and independent examination of charities

Join Peter Herbert on how to efficiently audit or independently review charity account.

Thresholds for the audit and independent examination of charities are much lower than those for companies in the ‘for profit’ sector, yet the standard of work required by professional bodies is just as high.

Course Information

The content for this seminar will be informed by file reviewer feedback and will cover all the challenging aspects practitioners encounter day to day. The focus will be on how to produce a compliant audit/independent examination file as efficiently as possible.

Content will include:

• Thresholds for audit/independent examination and frequently asked questions
• Important planning requirements for smaller charity audits
• Key challenges when auditing income and how to resolve them
• Charity specific accounting estimates – practical problems and solutions
• Completing the charity audit, including going concern and communication with those charged with governance
• Getting audit report wording right
• Top tips for producing an effective independent examination file

Who should attend the seminar?

• Accountants in professional firms who audit and/or independently examine charity accounts

Cost

Rate	Cost
Price	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

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Financial reporting for small companies

Join John Selwood for this financial reporting update for small companies.

This session is an update and refresher targeted at small companies.

Course Information

This is a topical course and its content will reflect that, but is likely to cover:

• Recent amendments to FRS 102 and proposed changes
• The accounting options for small companies
• Common accounting problems
• Eligibility for small company and group exemptions
• A comprehensive guide to small company disclosure and presenation

Suitable for: This update is for all accountants in practice or industry and commerce who prepare financial statements under UK GAAP for small companies.

Cost

Rate	Cost
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

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20 Common errors in charity accounts and how to fix them

Join Peter Herbert for this popular charity update.

Charities are different! from their sources of income to the very reason they exist these differences are reflected in charity financial statements.

Course Information

This course will highlight a range of challenging aspects of financial statements presentation that accountants struggle with and provide practical guidance on getting them right.

Content will include:

• The Trustees’ Annual Report
• Analysis of income and expenditure
• Fund disclosures and analysis
• Transactions with trustees and other related parties
• Disclosures about investments, fixed assets and heritage assets
• Remuneration disclosures
• Different disclosure requirements for larger (>£1M income) and smaller (<£1M income charities)

This course is for accountants working within the charity sector and in professional firms of accountants who prepare, audit and/or independently examine charity accounts.

Cost

Rate	Cost
ICAEW Member	£90.00 + VAT
Non-Member	£90.00 + VAT
Retired Member	£45.00 + VAT
Career Break Member	£45.00 + VAT

 

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Redworth 2023 General Practitioners’ Conference

Our popular general practitioners conference is back for 2023.

Having missed out on our annual conference in 2021 and 2022 we are returning in 2023 with our usual mix of high quality lectures and excellent networking opportunities.

The weekend is a great opportunity to gain valuable CPD at a competitive price. Over the weekend you will receive the equivalent of four half-day courses. It is aimed at partners, managers, and seniors in independent practices.

As well as hearing from our expert lecturers you will have the chance to connect with them and other practitioners throughout the weekend.

Event information

Topics are likely to include:

• Latest Tax updates
• Accounting updates
• Rebecca on request
• National Insurance
• Cybersecurity and Fraud
• Employment Law
• Soft skills
• Practice Matters

Why should you attend the conference?

The weekend is a great opportunity to gain valuable CPD at a competitive price. Over the weekend you will receive the equivalent of four half-day courses. It is aimed at partners, managers, and seniors in independent practices. As well as hearing from our expert lecturers you will have the chance to connect with them and other practitioners throughout the weekend

Many of the topics have been suggested by delegates who have attended previous Redworth conferences as well as the NorSCA CPD programme. Also, Rebecca Benneyworth will answer delegates’ specific tax questions in her popular “Rebecca on Request” slot on Sunday morning. You can be sure that the conference will meet your business and professional needs, as well as those of your staff.

As well as the lectures there is an excellent social aspect to the weekend, with delegates and speakers mingling during the free periods. You can benefit from lots of advice from the speakers, as well as comparing notes with other practitioners.

Spouses/partners of delegates are more than welcome to attend on a dinner, bed and breakfast basis.

Northern Society of Chartered Accountants reserve the right to change the timing of the programme and the speakers.

Cost

Rate	Cost
Residential rate	£235 +VAT
Non residential rate	£280 +VAT

To assist the conference organisers and to ensure that we can secure the hotel before cancellation charges are applied (after 30 September) delegates not wishing to pay the full amount at time of booking have the option to secure their place and pay the final balance on 11 February 2023. A non-refundable deposit of £50 per delegate is required at time of booking. An invoice will be forwarded to you for payment in January 2023 where you will be charged the balance of £185+VAT residential rate or £230+VAT non-residential rate.

When you book you will only be charged for the conference element, the accommodation charges are paid to the hotel on departure. On booking, please indicate if accommodation is required and we will book this for you at our preferential rates.

Accommodation charges payable to the hotel on departure. Prices quoted include VAT

Single accommodation £290

Twin or double (per delegate) £188

Partner/spouse rate (per night) £50

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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.

 

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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

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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

 

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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.

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The A to Z of small and micro entity accounts with Peter Herbert

A small and micro entity accounts update with Peter Herbert.

Although FRS 102 Section 1A and FRS 105 came into force back in 2016, they still throw up lots of issues. This course will address all the most frequently asked questions.

Event Information

Topics covered include:

• The format of Section 1A accounts and how they differ from those of larger entities
• Abridging and filleting – what these terms mean and why they matter
• Accounting for related party transactions
• Other disclosure hot topics
• The impact of recent changes to FRS 102 – and the COVID-19 pandemic
• Common errors and how to avoid them

Who should attend the seminar?

• Partners, managers and staff in accounting firms and in industry with an interest in small and micro entity financial statements.

Cost

Rate	Cost in venue	Webinar cost
Price	£90.00 + VAT	£60.00 + VAT
Retired Member	£45.00 + VAT	£30.00 + VAT
Career Break Member	£45.00 + VAT	£30.00 + VAT

A webinar version of the course is also available if you wish to join virtually – click HERE for details.

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

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Common disclosure errors in financial statements with John Selwood

John Selwood will guide you through topical disclosure issues for accountants that prepare financial statements in UK GAAP.

This course will look at the real world disclosure problems being faced by practitioners, and the real world, practical solutions.

Event Information

It will cover FRS 102 (including FRS 102 1A for small companies) and FRS 105 together with any relevant ICAEW guidance. Presentation and disclosure issues will all be covered.

This is a topical course and the content will reflect that.

The course will cover issues such as:

• Post balance sheet events
• Going concern disclosure
• Transactions with directors and other related party transactions
• Disclosure of guarantees and security
• Financial instruments
• Eligibility for small and micro company exemptions
• FRS 102 1A problem areas
• Meeting minimum disclosure requirements for small and micro companies
• Companies House issues

Suitable for: This update is for all accountants in practice or industry and commerce who prepare financial statements under UK GAAP. The issues covered will apply for small and large companies.

Cost

Rate	Cost in venue	Webinar cost
Price	£90.00 + VAT	£60.00 + VAT
Retired Member	£45.00 + VAT	£30.00 + VAT
Career Break Member	£45.00 + VAT	£30.00 + VAT

A webinar version of the course is also available if you wish to join virtually – click HERE for details.

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

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