Completed
Date

Thursday 16 May 2019

Time

2:30 pm

Duration

1.5 CDP hours

Session Topic

Getting audit quality right

The quality of auditing is under intense scrutiny. ASIC’s latest audit inspections summarise observations and findings to 30 June last year. The commission’s report provides a chance for audit firms to benchmark their practices against ASIC findings and to set the audit-quality agendas. Auditors can learn a lot for 30 June reporting.

The report will also interest companies, audit committees, investors and other stakeholders. The session will cover:

  • Key findings
  • Audit file reviews
  • Quality-control systems
  • Improving and maintaining audit quality
  • Involvement of others in audit quality
  • Future focus, and
  • Latest thoughts on professional scepticism
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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.