Objectives

This webinar will refresh attendees’ knowledge of the key principles and objectives of audit planning and develop their practical skills in this area. It will focus on the risk assessment process and responding to risks in compliance with the ISAs. It will highlight the importance of communication and documentation as well as areas of improvement from regulatory reviews.

Key Topics

Understanding the entity and performing preliminary analytical procedures as part of the planning and risk assessment
How to perform the risk assessment process, identifying high risk areas and those of significant risks, in compliance with ISA 315
Understanding the auditor’s responsibilities in relation to fraud and the impact on the risk assessment and planning process
Monitoring and revising the risk assessment and audit plan where necessary, in response to audit findings
The ISA requirements for communication and documentation in audit planning

The latest publications and feedback from regulators in relation to planning and risk assessment.

Who Should Attend

Partners, directors, managers and seniors in audit practice who need to stay current in understanding and performing audit planning procedures for an effective audit engagement.

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