Auditing - Regulatory Feedback

This course will update delegates on the key findings from audit monitoring visits by the various regulators – particularly the QAD and FRC.

The course will include a discussion of public reports produced by the regulators and consider how firms can effectively ensure their own files do not contain these weaknesses. There will also be consideration of areas the regulators are likely to focus on in future.

The exact content of the course will depend on regulatory reports made in 2022, but is likely to include:

• Audit documentation
• Audit evidence
• Risk assessment
• Key areas of weakness (e.g. completeness of income, work in progress)
• Challenging the client
• Documenting audit decisions
• Going concern evaluation and disclosure
• Disclosure errors
• Preparing for ISA 315 (updated) and ISQM 1 & 2