Clarified ISA Update Courses
Following the clarity project, the APB issued new ISAs (UK & Ireland) in October 2009. These standards must be applied for audits of periods ending on or after 15 December 2010 at the latest. This course will involve looking at how the Mercia methodology has incorporated the changes to ensure your audit work is compliant.
On completion of the course, participants will understand both the additional requirements of the new ISAs and also the current (now clarified) areas where regulators suggest the existing ISAs are not being adequately complied with. Furthermore, they will be able to apply the changes in documentation and approach in an effective manner.
Content - Update Course
- The IAASB’s Clarity Project and its adoption by the APB
- Implementation date issues
- The key areas of change including:
- Related Parties
- Accounting estimates
- Groups
- Other revised ISAs involving significant changes including those on communication and materiality and errors
- The continued focus of the ISAs on risk and the revised core ISAs
- Review of revised audit documentation (including free-form memoranda and proforma working papers) illustrated with practical examples
- Practical actions to take
Participants
All partners and senior members of staff involved in auditing. A basic knowledge of audit procedures and existing Mercia methodology is assumed.
Costs
£95 plus VAT per participant with a 10% discount for local and national members*.
No refund will be made when cancellation is received less than 14 days before the date of the course. All cancellations must be made in writing.
*A member is a firm who pays an annual subscription (based upon the size of their practice) to belong to a Mercia training group. This does not include firms who buy season tickets. For further information please contact Sarah Moore.
Speakers
Sally Hutchings ACA, David Gallagher ACA, Andrew Paul ACA and Jeremy Williams ACA, Mercia Group Ltd.
