• E-mail us
  • View our Pinterest page
  • Join us on LinkedIn
  • Follow us on Twitter

Northern Society of Chartered Accountants

At the heart of northern business since 1882

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

Date: 19 October 2022 13:30 -16:30

Type: Audit Assurance and Financial Reporting, Course

Organiser: NorSCA, Tyne and Wear

Northern Society of Chartered Accountants www.norsca.co.uk

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
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.

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

Share this event...


Virtual with digital delivery


Tel No: N/A


John Selwood ACA

John qualified with a small firm and has subsequently been head of Chartergroup the accountancy network and technical partner for Reeves and Neylan, a top 30 firm.

He is now a freelance lecturer and consultant and has written and presented the ICAEW’s Audit and Assurance Faculty roadshows on International Auditing Standards.

He is heavily involved with the Faculty’s work on Ethical Standards of Auditors and also edits Auditing & Reporting and writes technical material for publishers.

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.