Tuesday 5 December 2023


12:00 pm


1.5 CPD Hours

Session Topic

Audit quality lessons for the audit team

The suite of audit-quality management standards has an underlying theme of enhancing audit quality. Requirements cover culture, communication, monitoring and remediation, the roles of the engagement partner and engagement-quality reviewer as well as audit team members.

With the objective of enhancing the performance of auditors, regulators and accounting bodies regularly report their findings on audit quality. Auditors’ must heed the lessons by incorporating them into their quality-management processes.

This session will:

  • Briefly recap the key quality-management requirements that directly affect audit quality at the engagement level
  • Analyse inspection findings of regulators and accounting bodies
  • Describe generic findings from audit-files inspections and engagement-quality control reviews
  • Describe recent ASIC enforcement activities against auditors (including those that audit self-managed superannuation funds), and
  • Explain what actions an audit practice and auditors should take in response to these findings.
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This session is presented by:

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.


Chanelle Pienaar

Principal | Audit Assist

Chanelle is an accomplished Chartered Accountant with more than 20 years’ experience as an auditor in a wide variety of Financial Audit and Audit Quality Control projects. Chanelle has abroad range of experience covering Financial Statement Audits, Audit Quality Control Reviews, Trust Account Audits and AASB implementation Advice & Assistance.

Chanelle has strong technical knowledge and enthusiastic training style ensures that all participants, from the graduate to the partner, receive maximum value from each training session.