The Complete Audit Workshop
8 hours 
WebinarSchedule
Tue, 16 February
10:00 – 11:40
Tue, 23 February
10:00 – 11:40
#3 Audit Evidence & Execution and Other Key Standards and Areas, £55
Tue, 23 February
12:00 – 13:40
#4 Going Concern and Audit Opinions & Practical Opinion Forming, £55
Full Series – 4 Parts
10:00 – 13:40
Full Series & Recordings
10:00 – 13:40
Full Complete Audit Workshop Series, Access To All 4 Webinars & Recordings, £230
Audit Course Details
Hours
Speakers:
8 hours accounting cpd total, 2 hours per session
Colm Owens & Mike O’Halloran, OmniPro
Join Colm Owens and Mike O’Halloran on the ever popular Complete Audit Workshop.
Having helped hundreds of firms navigate the auditing and ethical standards over the years the OmniPro technical team is uniquely positioned to identify the enduring problem areas and provide solutions to the most common challenges faced by practitioners. This audit training workshop looks at the theory of the standards blended together with the practical challenges and the requirements to comply with the monitoring expectations of the Institutes.
Colm and Mike will be focussing on the practical implementation of the new auditing and associated ethical standards – from communications, planning and procedures right through to execution, reporting and opinion forming.
If you are in any way involved in audit, this is essential-attending on an annual basis.
While the current suite of International Standards on Auditing have been with us for some time now, there are new standards and amendments being rolled out on an ongoing basis.
Auditors need to keep up to date with the fundamentals along with the changes introduced. The ongoing flood of challenges facing auditors never seems to end. Covid-19 is still very much with us, now we have to contend with Brexit and the global economic uncertainty. Financial Reporting disclosures, asset valuations and going concern are definitely back on the agenda with a bang for 2021. It is essential that auditors now focus on optimising their processes and procedures to ensure profitable implementation of the new standards.
The notes pack will consist of detailed slides and supporting material for each component section of the audit training workshop.
Session Details
Part 1: Audit Overview and Revisions to the Standards & Acceptance
Tuesday 16 February, 10:30 – 11:40
Topics covered in Part 1 of the Complete Audit Workshop will include the following:
Part 2: Residential Buy To Let – The Current Environment
Tuesday 16 November, 12:00 – 13:40
Topics covered in Part 2 of the Complete Audit Workshop will include the following:
Session 3: Audit Planning
- ISA 300 – Planning an Audit;
- ISA 260 – Communication with TCWG;
- ISA 250A – Consideration of Laws and Regulations in an Audit;
- ISA 320 – Materiality in Planning and Performing an Audit;
- ISA 530 – Audit Sampling.
Session 4: Risk Assessment and Responses
- ISA 240 – Auditors’ Responsibilities Relating to Fraud in an Audit;
- ISA 315 – Identifying and Assessing the Risks of Material Misstatements;
- ISA 265 – Communicating Deficiencies in Internal Control to TCWG;
- ISA 330 – Auditors’ Responses to Assessed Risks.
Session 3: Audit Evidence & Execution and Other Key Standards and Areas
Tuesday 23 February, 10:00 – 11:40
Topics covered in Part 3 of the Complete Audit Workshop will include the following:
Session 4: Going Concern and Audit Opinions & Practical Opinion Forming & Review of Live Audit Reports
Tuesday 23 February, 12:00 – 13:40
Topics covered in Part 4 of the Complete Audit Workshop will include the following:
Session 7: Going Concern and Audit Opinions
- ISA 700 – The Unqualified Audit Opinion
- ISA 570 – Material Uncertainty Due to Going Concern
- ISA 706 – Emphasis of Matter Paragraphs & Other Matter Paragraphs & First Time Audits
- ISA 705 – Modified Opinions; Limitation of Scope, Adverse & Disclaimers of Opinion
- ISA 701 – Key Audit Matters;
- ISA 710 – Comparative information
- ISA 720 – Auditors Responsibility for Other Information.
Session 8: Practical Opinion Forming & Review of Live Audit Reports
- Live Audit Opinion Review
OmniPro CPD Course Facilitators:
Colm Owens – OmniPro Practice Support
As a member of our Practice Support team, Colm’s focus is on helping practices achieve on-going best practice compliance, prepare for monitoring visits and assist with post-monitoring visits follow-ups.
Colm brings a unique insight into the whole area of monitoring and compliance having spent the last 6 years as a quality reviewer with Chartered Accountants Ireland giving him an insight into how firms operate, the challenges facing firms and how firms are responding to current issues facing them and the profession.
Mike O’Halloran: Practice Support Executive, OmniPro
Mike, a member of our Practice Support team, is a qualified Chartered Accountant and Chartered Tax Advisor. He is responsible for carrying out hot file reviews, cold file reviews, annual compliance reviews, in-house training & supporting firms on a day to day basis.
Formerly a quality reviewer with Chartered Accountants Ireland, this role saw him visiting firms of various sizes across Ireland conducting audit, non-audit and anti-money laundering visits. Prior to this he spent 12 years working in small and medium sized practices. In these roles, Mike has gained a comprehensive knowledge of the profession and has worked with a broad range of clients across many industries.
