Audit Quality – Top Tips for 2022 (Webcast)

There is lots changing in the world of audit. Firms are still grappling with changes that have taken effect in 2021. There are big changes in the pipeline affecting risk assessment and quality management and there’s a plethora of feedback from professional bodies to take on board. This seminar will provide a file reviewer’s perspective on all the important things to get right to ensure tip top audit files in 2022. Subjects covered will include:

• Big changes in the pipeline – ISA (UK) 315 revised and quality management standards (ISQM)
• Key tips and traps when drafting audit reports
• Issues arising from FRC disciplinary cases and what they mean for smaller practices
• Important feedback points on audit quality from cold file reviews and QAD
• Sampling and materiality – a refresher and update on two very hot topics

After qualifying in 1993, Peter spent a number of years in industry and now spends much of his time delivering training courses on aspects of financial reporting, auditing, company law and practice regulation, principally to accountants working in professional practice and in industry. When not training, Peter spends much of his time carrying out audit file reviews and practice assurance reviews for firms of accountants and advising them on issues of financial reporting and audit methodology. This allows him to bring a practical insight to the courses and lectures that he delivers.