20 top tips for an efficient audit
Date: 21 March 2017 09:30 - 12:30
Type: Audit Assurance and Financial Reporting, Course
Organiser: Tyne and Wear
Compliance with the Clarity ISAs is challenging for audit firms – especially those who carry out relatively few audits and who audit relatively small organisations. In addition, a regular stream of feedback is issued by training organisations and professional bodies about where audit work and documentation falls down. Put together, this all makes good job recoveries difficult to achieve.
This half day seminar will provide a file reviewer’s perspective of exactly what steps audit firms can take to maximise efficiency of effort when conducting ISA audits, whilst still ensuring that their audit paperwork is up to scratch.
Content will include:
- Making the risk-based approach really work on ISA audits
- Managing clients and staff to achieve efficient outcomes
- How to avoid over-documentation of audit procedures
- Practical insights on materiality
- Sampling – not too few; not too many
- Streamlining audit review procedures within your firm
- Cutting the clutter on files – how far you can really go
- Using directional testing to make your audits truly efficient
- Making ES-PASE work for your firm
Speaker
Peter Herbert
Peter qualified as a Chartered Accountant with an international accountancy firm before working in industry. He has over 15 years of training experience, specialising in financial reporting, auditing, company law and practice regulation. Peter also has a small accounting practice. Much of Peter’s practice work involves carrying out audit file reviews, practice assurance and anti-money laundering reviews for firms of accountants. He also provides guidance on implementation of GAAP.
How to book
The easiest way to book is online by clicking the button to Book Online at icaew.com – you will be able to log into your account at icaew.com and pay with your debit or credit card.
You can also telephone the ICAEW central events booking team on 01908 248159 and pay over the phone.
Alternatively you can download a booking form or book by email.
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