This webinar aims to equip participants with insights into the outcomes of the 2023 inspections, highlighting key deficiencies, common themes, and presenting remedial action plans and exemplary practices adopted by various firms. February 2024
Description
On 2 February 2024, IRBA unveiled its fresh 2023 Public Inspections Report. This report, spotlighting recurring quality deficiency themes identified in the inaugural second year of their 8th Inspections Cycle, is themed “With a Commitment to Promote Improvement and Remediation of Audit Quality.”
It is imperative for registered auditors, including independent reviewers, to integrate the insights from the latest IRBA Inspections Report into their practices. This incorporation is essential for fortifying their quality control processes. Understanding the errors made by other practices empowers firms and their assurance staff to take proactive measures, preventing the recurrence of identified deficiencies within their own practices.
What you will learn
By attending this webinar you will gain the following competencies:
Familiarise attendees with the inspection strategy for the second year of the 8th Inspection Cycle.
Stay informed about the details outlined in the most recent IRBA Inspections Report, which includes:
Notable findings, particularly those related to recurring quality deficiencies.
Recommendations and other pertinent information.
Familiarise yourself with the fundamental prerequisites associated with the remedial action process, encompassing aspects such as remedial action plans, and more.
Stay informed about crucial elements pertaining to Information Technology and best practices.
Develop the ability to recognise analogous deficiencies within your own professional practice, including:
Understand the requisite measures to successfully navigate upcoming IRBA inspections; and
Provide guidance to your audit and other assurance staff on enhancing and sustaining audit quality.