Thursday 26 November 2020


2:30 pm


1.5 CPD hours

Session Topic

Getting compliant with laws and regulations right

Media have reported wages underpayments, breaches of AFS licence conditions, concerns about JobKeeper claims, and sanctions against financial institutions. Auditors are obliged to consider laws and regulations under auditing standards and laws. Audit-file reviews have often shown poor understanding and execution of several standards.

This session will:

  • Identify recent instances of non-compliance with laws and regulations
  • Step your audit team through the requirements of ASA 250 Consideration of Laws and Regulations in an Audit of a Financial Report and other related auditing standards, and
  • Discuss the effect of whistleblowing laws and APES 110 Code of Ethics for Professional Accountants (including Independence Standards) on the audit team.
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This session is presented by:

Stephen Newman

Executive Counsel

Stephen is a corporate lawyer with extensive litigation experience, particularly in the Supreme Court and the Federal Court as well as with police fraud squads. Stephan has advised clients on fraud and fraud related issues including the design of relevant work policies, the recovery of defrauded assets from fraudsters, the making of insurance policies, and litigation against negligent professional advisers.

Sonya Sinclair

Audit and risk management expert

Sonya is a registered company auditor, registered superannuation auditor and quality-control reviewer, CAANZ. Sonya specialises in risk management, implementation of audit quality through development of audit systems and processes, and interpretation and advice on generally accepted accounting and auditing principles. Sonya has over 15 years’ experience in auditing and financial reporting, bringing a collaborative style and balancing technical aspects with practical recommenations to clients.