professional scepticism Archives - Leaf Quality Systems (Pty) Ltd

Applying Ethics in Practice
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Applying Ethics in Practice

LEAF Quality Systems (Pty) Ltd2025-03-20T10:03:57+02:00

Webinar: Applying Ethics in Practice Ethics is at the heart of the audit profession, ensuring public trust and the delivery of high-quality audit services. A strong ethical foundation is essential for auditors to maintain independence and apply professional scepticism effectively. Staying up to date with the latest ethical requirements is not just a responsibility—it is a necessity. Join us for this insightful webinar, where we will explore the latest developments in ethics and provide practical guidance on applying ethical principles in real-world audit scenarios. What You Will Learn This training will cover key ethical concepts, with practical examples to enhance [...]

Applying Ethics in PracticeLEAF Quality Systems (Pty) Ltd2025-03-20T10:03:57+02:00

Auditing of Compliance with Financial Reporting Frameworks – The Presentation Assertion
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LEAF Audit Quality, LEAF Financial Reporting, LEAF Global, LEAF Technical, LEAF Training, Uncategorized

Auditing of Compliance with Financial Reporting Frameworks – The Presentation Assertion

LEAF Quality Systems (Pty) Ltd2021-02-22T13:59:41+02:00

Auditing of Compliance with Financial Reporting Frameworks – the Presentation Assertion Audit regulators are reporting that financial statement disclosure deficiencies have increased substantially over the past few years. It is crucial for auditors to realise that they need to have a sound understanding of the financial reporting framework applied by the entity and perform thorough audit procedures to determine whether the financial reporting framework has been correctly applied. This does not merely require the completion of a disclosure checklist, but also the verification of recognition and measurement, in terms of the financial reporting framework and reporting responsibilities placed [...]

Auditing of Compliance with Financial Reporting Frameworks – The Presentation AssertionLEAF Quality Systems (Pty) Ltd2021-02-22T13:59:41+02:00

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

Fraud – IRBA Staff Audit Practice Alert 4
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LEAF Audit Quality, LEAF Technical, LEAF Training

Fraud – IRBA Staff Audit Practice Alert 4

LEAF Quality Systems (Pty) Ltd2021-02-26T10:50:33+02:00

Fraud - IRBA Staff Audit Practice Alert 4 The IRBA issued a staff audit practice alert in June 2020 to provide auditors with implementation guidance in responding to the risks of material misstatements due to fraud and/or non-compliance with laws and regulations. As is normally the case, this publication is quite lengthy and written in a format which makes it difficult for a practitioner to read and analyse in one sitting.This is a shorter interpretation of the alert to reduce the volume thereof and to highlight [...]

Fraud – IRBA Staff Audit Practice Alert 4LEAF Quality Systems (Pty) Ltd2021-02-26T10:50:33+02:00