Common Audit Quality Findings

Overview

Quality management within an audit practice involves balancing multiple responsibilities throughout the year. A robust System of Quality Management (SoQM), designed in accordance with the International Standards on Quality Management (ISQM), provides the foundation for maintaining and improving audit quality.

However, establishing a system is only the beginning. Firms must ensure that their quality management policies and procedures are implemented effectively, monitor compliance, evaluate the results and make improvements based on identified findings.

Understanding common deficiencies at both firm and engagement level is essential to implementing proactive remedial measures and preventing recurring issues. By identifying weaknesses in the system of quality management and audit files, firms can take practical steps to strengthen their processes and improve the quality of their engagements.

This training provides participants with a practical understanding of the importance of the firm’s System of Quality Management, common system deficiencies and recurring audit file findings. Participants will explore how to address these findings and implement appropriate remedial measures in practice.

What You Will Learn

• The purpose and importance of a System of Quality Management
• The key components of quality management within an audit practice
• Common deficiencies identified in systems of quality management
• Common deficiencies identified in audit files
• The importance of monitoring, evaluation and continuous improvement
• How to implement proactive remedial measures to address quality findings

Who Should Attend?

This webinar is designed for:

• Audit partners and directors
• Audit managers and seniors
• Audit quality and monitoring teams
• Engagement quality reviewers
• Professionals responsible for quality management systems
• Auditors seeking to improve audit documentation and engagement quality

Certification

Participants will receive a verifiable LEAF Certificate of attendance upon completion of the webinar.
Where applicable, this session may qualify for Continuing Professional Development (CPD/CPE) credits (subject to your local professional body requirements).

Registration & Tickets:

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We look forward to seeing you there.

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Group Discounts

Get discounts on group bookings.

2-5 Attendees = Save 10%
6-20 Attendees = Save 20%
21-50 Attendees = Save 40%
50+ Attendees = Save 60%

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