Good planning is the bedrock of a good audit. Every reporting season has its own unique audit risks and challenges. The prior year’s audit plan should not simply be rolled-over – audit risks change with business and regulatory environments. This session will focus on them – and how to handle them.
The session will:
- Review client-acceptance and continuance-assessment procedures
- Identify significant audit risks based on financial-reporting and auditing deficiencies identified by ASIC and other regulators
- Describe the audit risks associated the clients’ non-compliance with laws and regulations, and
- Discuss how to implement new AUASB guidance on integrity and data reliability.
