Does your audit file explain what you did, why you did it and how the evidence supports your conclusions?
Drawing on common themes from GAAP Consulting’s audit file reviews and findings from ASIC’s forthcoming audit inspection report, we’ll examine recurring weaknesses and practical ways to strengthen the quality, clarity and defensibility of your work.
The focus is on helping your team apply these findings to assess risks more effectively, obtain stronger audit evidence and clearly document how that evidence supports your conclusions.
In this GAAPinar, we will:
- Examine findings from ASIC’s forthcoming October 2026 audit inspection report and other regulators’ reviews, and their implications for your engagements
- Draw lessons from recent enforcement actions and consider what auditors could have done differently
- Identify recurring gaps in audit evidence, professional scepticism and the documentation of significant judgements
- Explore how AI is shaping audit quality and professional judgement
- Translate these lessons into practical improvements in audit planning and procedures
