ΠΕΡΙΓΡΑΦΗ

The seminar intends to cover the basic accounting principles and concepts through illustrations and practical examples.
ISA 220 (Revised) deals with the engagement partner and engagement team’s responsibilities for quality management for an audit of financial statements. The revised standard modernizes the approach to quality management and requires the engagement partner and engagement team to be proactive in managing and achieving quality.

The seminar includes a coverage of the revised principles and requirements of ISA 220 on Quality Management of Audit of Financial statements and their practical effect on the audit work.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Auditors who are involved in the preparation and reviews of audit files of engagements of various sizes and complexity.

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Certification

All participants will be awarded a certificate. Each hour of attendance will account for one unit of Continuing Professional Development (CPD) as required for members of most professional bodies.

Seminar Outline

Section 1: ISA 220 The background of the standard and the principles/ requirements outlined.

• Clarifying the engagement partner responsibilities
• Professional skepticism, resources and scalability Acceptance and Continuance of Client Relationships and Audit Engagements
• Engagement Resources
• Engagement Performance
• Questions and Answers

Section 2: ISQM 1

• All you need to know about the firm’s risk assessment process.
• Expectations for firms and engagement partners
• What’s new for firms and engagement partners.
• Exploring all the component of a quality management system.
• Questions and Answers