Auditing Provisions and Contingencies

2025-02-27T23:09:10+02:00

Webinar: Auditing Provisions and Contingencies Are you looking to enhance your expertise in auditing provisions and contingencies? Join our upcoming webinar on Auditing Provisions and Contingencies, where we’ll provide practical insights into identifying and mitigating risks associated with Provisions, Contingent Liabilities, and Contingent Assets. Gain a deeper understanding of key audit procedures to ensure risks are reduced to an acceptable level. Key Topics Covered This training will focus on the following concepts, with practical demonstrations of their application: Audit planning considerations Audit procedures Audit finalisation considerations Common errors and how to avoid them Certification Upon successful completion, participants will receive a [...]

Auditing Provisions and Contingencies2025-02-27T23:09:10+02:00

Auditing Provisions and Contingencies

2025-02-27T23:35:48+02:00

Webinar: Auditing Provisions and Contingencies Are you looking to enhance your expertise in auditing provisions and contingencies? Join our upcoming webinar on Auditing Provisions and Contingencies, where we will provide practical insights into identifying and mitigating risks associated with Provisions, Contingent Liabilities, and Contingent Assets. Gain a deeper understanding of key audit procedures to ensure risks are reduced to an acceptable level. Key Topics Covered This training will focus on the following concepts, with practical demonstrations of their application: Audit planning considerations Audit procedures Audit finalisation considerations Common errors and how to avoid them Certification Upon successful completion, participants will receive [...]

Auditing Provisions and Contingencies2025-02-27T23:35:48+02:00

Group audits 2 of 3 – Procedures Excluding Consolidation Procedure

2022-01-24T08:06:29+02:00

Group audits 2 of 3 – Procedures Excluding Consolidation Procedure Group audits represent some of the most risky audits to undertake, as most public interest audits comprise the audit of groups of companies. However, the standards and audit principles relevant to group audits do not always receive the detailed attention they deserve. In the discussion of audit procedures, this article EXCLUDES the consolidation process, and should be read in conjunction with parts 1 and 3 to reach an understanding of group audits as a whole. It addresses key requirements which auditors would be wise to include [...]

Group audits 2 of 3 – Procedures Excluding Consolidation Procedure2022-01-24T08:06:29+02:00

Significant Risk Assessment

2021-09-19T17:16:27+02:00

Newsletter April Significant Risk Assessment Risk assessment is a crucial step during any audit, and involves a great deal of judgment by the auditor, especially when it comes to determining which of the risks identified are significant. Many auditors grapple with this, and end up simply including the presumed significant risks of revenue recognition and management override of controls, per ISA 315 and 240, instead of truly applying their mind to the circumstances of each audit client and adequately justifying the risk assessment on file. This article attempts to break this important assessment down into simple [...]

Significant Risk Assessment2021-09-19T17:16:27+02:00

Internal Control – We revisit the concepts

2021-09-19T17:36:44+02:00

Internal Control – We revisit the concepts When thinking about internal control, and its relationship to risk assessment and the ISA 315 standard, we consider it equal to a first-year university auditing subject, and not really an area of concern when it comes to compliance and regulation, since most small-to-medium sized firms insist on following a substantive approach in auditing and do not give internal control as a risk assessment tool the required attention. Important definitions and concepts The definitions of the concepts and [...]

Internal Control – We revisit the concepts2021-09-19T17:36:44+02:00
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