IRBA Public Inspections Report on Audit Quality 2023

Overview:

The IRBA, the auditor regulator of South Africa, is considered a leader in audit regulation. The annual IRBA public inspections report provides invaluable insights in determining topical deficiencies and trends.

The audit profession is under constant scrutiny, and it is therefore crucial that auditors maintain the highest standards of quality in their engagements. The IRBA issues their public inspections report annually to provide audit firms with insights regarding common themes and deficiencies identified from inspections performed. This information enables auditors to identify deficiencies within their own firms and put the necessary remedial measures in place.

This training will give participants a practical understanding of the common deficiencies reported by the IRBA, and how to put appropriate remedial measures in place to address these deficiencies.

Content and outline:

To explain the following concepts and discuss their practical application:

• Overall inspections results
• Firm-level themes and trends
• Assurance engagement themes and trends
• Information technology
• Good practices
• Remedial action process

Certification:

Upon completion of the training, participants will receive a verifiable attendance certificate.