The International Auditing and Assurance Standards Board (IAASB) completed its clarity project and issued standards effective for periods commencing on or after 15th December 2009 which resulted in a revision of all the standards. Since then, a number of key projects to enhance and improve the standards have been undertaken and completed, resulting in some significant changes to audit reporting and communication, and integration with ethics and professional skepticism.

The requirement in ISA 200 that “the auditor shall have an understanding of the entire text of an ISA, including its application and other explanatory material, to understand its objectives and to apply its requirements properly” imposes a challenge for audit firms to ensure that its partners and staff have that knowledge.

This five-day course is designed to enable auditors to comply with this requirement by providing a detailed overview of the International Standards on Auditing (ISAs) issued by the IAASB and the changes to the suite of standards resulting from projects completed from 2014 to date.

The program answers questions such as:

  • How do I plan an audit under ISAs?
  • How do I assess and respond to audit risk?
  • What are the requirements for communicating with those charged with governance?
  • What are the requirements for communicating deficiencies in internal controls with those charged with governance?
  • What are the new requirements for audit reporting and how do these impact the audit process?
  • How does NOCLAR impact my role and responsibilities as an auditor?
  • What is coming up in environmental scanning?

Learning Objectives:

After attending this course you will be able to:

  • Understand what changes have recently taken place in the form and content of the ISAs
  • Understand the new requirements in major areas of the audit including quality control, communication, compliance with laws and regulations and auditor reporting
  • Apply the requirements relating to risk assessment and audit planning in a cost effective manner
  • Develop audit documentation to evidence the compliance with the ISAs and comply with the quality control requirements of ISA220 and ISQC 1, as well as the Code of Ethics
  • Help others within your country or firm implement the new standards

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now

The International Auditing and Assurance Standards Board (IAASB) maintains a project list with the intention of continuous review and improvement of the International Standards on Auditing and related standards. Since the completion of the clarity project in 2009, the IAASB has undertaken and completed a number of key projects to enhance and improve standards, resulting in some significant changes to audit reporting and communication, and integration with ethics and professional skepticism.

The requirement in ISA 200 that “the auditor shall have an understanding of the entire text of an ISA, including its application and other explanatory material, to understand its objectives and to apply its requirements properly” imposes a challenge for audit firms to ensure that its partners and staff have that knowledge.

This two-day course is designed to enable auditors to comply with this requirement by providing an update and practical discussion of changes to the suite of standards resulting from projects completed from 2014 to date.

The program answers questions such as:

  • What are the requirements for communicating with those charged with governance (including communicating deficiencies in internal controls)?
  • What was the objective of the IAASB’s auditor reporting project, what are the new requirements for audit reporting and how do these impact the audit process?
  • How does NOCLAR impact my role and responsibilities as an auditor?
  • What are the current global trends in quality control review findings and how do I use these to improve quality control compliance?

Learning Objectives:

After attending this course you will be able to:

  • Understand what changes have recently taken place in the form and content of the ISAs
  • Understand the new requirements in major areas
  • Understand the new requirements of the IESBA Code in the context of ISA250 and NOCLAR
  • Develop audit documentation to evidence the compliance with the ISAs and comply with the quality control requirements of ISA220 and ISQC 1, as well as the Code of Ethics
  • Help others within your country or firm implement the new standards

If you haven't already registered for this course, you can book your place today on our website. If you have already registered, click on the Continue button at the bottom of the page to log in.

Register Now