Good planning is the bedrock of a good audit. Every reporting period, audit risks change with business and regulatory environments. The session will:
- Explain the fundamentals of audit planning and risks assessment
- Emphasise continuing audit risks and identify new ones (for example, non-compliance withlaws and regulations, new accounting standards, regulators’ focus) that should beconsidered for 2018
- Identify those areas of audit planning that auditors should do better, and
- Conclude with tips on effective audit planning.
