Audit Update and Common File Review Issues

Objectives

Auditing is subject to continual change and requires exacting standards to be applied rigorously. This course will provide an update on the most recent changes and current issues affecting auditing in the UK and their practical implications for the planning and execution of audits. It will also consider the results of recent Mercia and SWAT file reviews and the practical lessons for auditors that can be learned.

Content

• Guidance on the application of revised UK and Ireland International Standards on Auditing
• Issues arising following the publication of the revised Ethical Standard for Auditors
• Auditing disclosures and the revised ISAs
• Getting the audit report right in light of recent changes
• Going concern – documentation and reporting
• Auditing under New UK GAAP – common issues
• Feedback from the main Regulators (QAD/ACCA/AQR) and the FRC annual report
• Revisions to Practice Notes
• Key themes arising from recent Mercia and SWAT file reviews and the practical audit issues that arise