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Transactions that are not at arm’s length
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LEAF Audit Quality, LEAF Technical, LEAF Training

Transactions that are not at arm’s length

LEAF Quality Systems (Pty) Ltd2021-09-19T17:36:53+02:00

Transactions that are not at arm’s length Due to the prevalence of fraud over the past few years, the IRBA issued a staff audit practice alert in June 2020 to provide auditors with guidance and considerations, with respect to transactions that are not at arm’s length, and the possible audit responses to the resulting audit risks. This article provides a summary of the key aspects addressed in the IRBA staff audit practice alert and encapsulates the message in simpler terms. Please remember to also [...]

Transactions that are not at arm’s lengthLEAF Quality Systems (Pty) Ltd2021-09-19T17:36:53+02:00

COVID-19 effect on audits
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LEAF Audit Quality, LEAF Technical, LEAF Training

COVID-19 effect on audits

LEAF Quality Systems (Pty) Ltd2021-09-19T17:37:28+02:00

COVID-19 Effect On Audits Economies worldwide have been hard hit by the spread of the COVID-19 virus, with direct consequences for the clients of audit firms. Consequently, auditors need to adapt their audit approach for each client by considering the effect on audits as identified by the IRBA, as well as taking the appropriate considerations into account when implementing quality control. Analysis of the effects The effects as identified by the IRBA have been analysed, in order to determine the influence on the audit [...]

COVID-19 effect on auditsLEAF Quality Systems (Pty) Ltd2021-09-19T17:37:28+02:00

Practical implications of the new IRBA Code
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LEAF Audit Quality, LEAF Financial Reporting, LEAF Methodology, LEAF Technical, LEAF Training

Practical implications of the new IRBA Code

LEAF Quality Systems (Pty) Ltd2020-03-02T12:11:20+02:00

Practical implications of the new IRBA Code Practical implication of the new IRBA code The new IRBA Code of Professional Conduct for Registered Auditors (Revised November 2018) (IRBA Code) came into effect recently, but not all registered auditors understand the practical implications thereof. This article sets out important practical areas to consider to ensure ethical compliance. When does what apply? The effective dates relevant to the new IRBA Code are as follows: • Parts 1 & 3: 15 June 2019 • Part 4A & [...]

Practical implications of the new IRBA CodeLEAF Quality Systems (Pty) Ltd2020-03-02T12:11:20+02:00